Coronavirus Aid, Relief, and Economic Security (CARES) Act

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

  • Link to the Small Business Owner’s Guide to the CARES Act here.

Small Business Administration (SBA)

EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

To learn more about the relief options available for your business,click here.

There are three SBA emergency capital programs available to the public:

    1. A Low interest, long term “Economic Injury Disaster Loan” for up to $2 million. The first payment is deferred for 12 months. The application can be completed online at
    2. If you apply for that Disaster Loan – you can ask for an “Economic Injury Disaster Loan Advance” for up to $10,000 as part of the loan application. If approved, these funds can be used for payroll and other operating expenses and can be FORGIVEN.
    3. The SBA and Treasury Department launched the  Paycheck Protection Program to help keep employees on payroll and small businesses operating. Speak with an SBA lender about this program, a lender list can be found on the SBA website at:

In addition:


Paycheck Protection Program Loans Frequently Asked Questions

SBA Additional Resources

SBA Webinars on Disaster Assistance

The SBA district and regional offices are offering webinars about Economic Injury Disaster Loans that explain this program and how you can apply for disaster assistance. To find out more information Sign up for SBA newsletters using your zip code to get updates

Virtual Mentoring and Training

Offices around the country may be closed to the Coronavirus pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, and Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video. Find an SBA resource partner near you

To get the most up-to-date information as things develop, subscribe to SBA’s e-newsletter via You can also follow the SBA on Twitter at @SBA_MA for frequent updates as well.

Office of the Inspector General

Beware of Scams and Fraud Schemes

The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19). The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times.  Be on the lookout for grant fraud, loan fraud, and phishing.  Learn more

Federal Coronavirus Resources

State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out for updates from the White House’s Coronavirus (COVID-19) Task Force. Go to for detailed information about COVID-19 from the Centers for Disease Control and Prevention.

Learn more about the federal government’s response

Other Federal Resources: