The U.S. Chamber of Commerce has created a guide to help small businesses, independent contractors and gig economy workers prepare to file for a coronavirus relief loan under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
This guide outlines the steps small businesses need to do to access much-needed funds to help keep their workers on the payroll during this disruptive period.
“The U.S. Chamber of Commerce is working with state and local chambers across the country to provide businesses with the information they need to stay afloat and keep people employed during the pandemic,” said U.S. Chamber President Suzanne Clark. “This comprehensive guide ensures small business owners fully understand what aid is available to them and how to access those funds as quickly as possible. We remain committed to ensuring no family or business goes bankrupt due to financial hardships associated with the coronavirus.”
Businesses and entrepreneurs can access the Emergency Loan Small Business guide and checklist here.
Additionally, to help small businesses, the U.S. Chamber of Commerce has compiled an interactive map to show the aid available to them on a state-by-state basis. Use the interactive map to learn how aid available under the Small Business Paycheck Protection Program, created as part of the (CARES) Act, could help the small businesses in each state.
The U.S. Chamber of Commerce said that they are committed to helping American businesses respond to the coronavirus so they can support their employees, customers, and communities. We are equipping businesses with tools, resources, and information to help them navigate the challenges of the pandemic in real time.
Learn more at uschamber.com/coronavirus.
Thousands of “nonessential” businesses have been closed across Alabama. Restaurants have been limited to carry out or delivery only. Many businesses are struggling to make payroll during the forced economic shutdown.
The Business Council of Alabama (BCA) is the U.S. Chamber of Commerce affiliate here in Alabama.