What small businesses should know about the Coronavirus Stimulus Bill
President Trump has signed the $2 trillion stimulus package. Over the next few weeks, we expect more specific details to emerge and we will keep you informed as details become clear.
Here are some of the key points that we know now:
- Businesses and 501(c)(3) entities with less than 500 employees are eligible. No SBA or Lender Fees.
- Loans will be unsecured and no personal guarantees will be required.
- Proceeds may be used for payroll costs including group health care benefits, insurance premiums, employee salaries commissions or other compensation, regular mortgage or rent payments, utilities, and interest on any other debt obligations incurred before Feb 15, 2020.
Fill out the form on the right to download the resources we have put together.