CARES Act: Information for Small Business Owners

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses continue operating.  When fully implemented, the federal stimulus will create many new resources for small businesses.

However, a number of resources already exist to help small businesses in Cedar Rapids learn more about specific program options that may be able to provide financial benefit or assistance:

• The Small Business Owner’s Guide to the CARES Act
• U.S. Chamber of Commerce COVID-19 Paycheck Protection Program
• Paycheck Protection Program FAQ
• CARES Act: Employee Retention Credit FAQ

The information provided here should help provide a starting point for how your business can utilize CARE Act financial assistance programs.