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Coronavirus Relief: Who is Eligible for Small Business Loans from the CARES Act?

by Tim AustinApril 3, 2020 12:00 PM

As the Coronavirus impacts businesses everywhere, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide some financial support during difficult times. The $2 trillion Coronavirus stimulus package contains a $349 billion lending program for small businesses, along with other means of relief.

For small business owners, this news provides a form of respite in a difficult time. Of course, now these employers may ask how these loans work and whether they can access them. Read on to find out if your business can apply for a loan and how they impact your operations.

Money from a CARES Act small business loan granted to a business impacted by the Coronavirus. 

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