Coronavirus Emergency Loans Small Business Guide and Checklist
The U.S. Chamber’s Coronavirus Emergency Loans Small Business Guide and Checklist serves as a comprehensive step-by-step tool to help small businesses, independent contractors, gig economy workers and other qualifying individuals prepare to file for a coronavirus relief loan under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The guide has been updated to include new information from the U.S. Department of Treasury, and is also available for download in Spanish.
Economic Injury Disaster Loan (EIDL) Program Guide
As you may know, the CARES Act expanded the Small Business Administration’s long-standing Economic Injury Disaster Loan (EIDL) program. The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters. The program is applicable to small businesses and most small nonprofits (less than 500 employees), sole proprietors and independent contractors. Click here to view our new guide that helps you and your members to check eligibility, understand loan parameters, and find out how to access $10,000 emergency grants.
Employee Retention Tax Credit Guide
The CARES Act also created a new employee retention tax credit—that does not have size restrictions—for employers who are closed, partially closed, or experiencing significant revenue losses as a result of the coronavirus pandemic. Click here to view our new guide to help businesses check eligibility, calculate their credit, and understand which employees count toward eligibility, among other information.