Federal Aid for Small Businesses
In response to the coronavirus pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act late last week, which includes a program to provide $350 billion in loans for small businesses through the Paycheck Protection Program. This program is separate from Small Business Administration Disaster Loans. Learn more about the Paycheck Protection Program that small businesses can apply for through local banks:
LEARN MORE IN THE LINKS BELOW
- Coronavirus Emergency Loans Checklist for Small Businesses
- The Small Business Owners’ Guide to the CARES Act
LOCAL BANKS OFFER ASSISTANCE DURING COVID-19
While contacting your local bank about the Paycheck Protection Program, be sure to ask them about their small business offerings during COVID-19. Banks are providing a wide range of options for small businesses designed to help alleviate the financial pressures resulting from COVID-19.
VISIT SENATOR McCONNELL’S CORONAVIRUS RESPONSE PORTAL
In addition, Kentucky U.S. Senator Mitch McConnell, who sponsored the federal stimulus package, announced a Coronavirus Response Portal on his website Monday. The portal can be accessed by Kentucky families and small businesses owners who may have questions related to unemployment insurance, low-interest federal loans, federal taxes and relief checks, federal grants, and assistance for Kentuckians traveling or living abroad.
- On March 30, 2020
