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Several aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law late Friday March 27, 2020 provides for various programs to be made available to small business owners and operators through the Small Buiness Administration (SBA).

Two of the larger programs approved in the CARES Act are the Paycheck Protection Program (PPP) Loan, and the Small Business Debt Relief Program. These programs are administered by the SBA's 7(a) program. Further details about these programs as well as other resources that are being made available through the SBA can be found here:

https://portal.ct.gov/-/media/Coronavirus/20200327-Small-Business-Owners-Guide-to-the-CARES-Act.pdf?la=en

To apply for loans or funding programs through the SBA's 7(a) program, you must apply through an SBA approved lender. A tool to find these lenders can be found here:

https://www.sba.gov/funding-programs/loans/lender-match

Sunday, 12th July 2020
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