In our previous episode, Shanna Tingom explained how the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act will affect individuals. Today, we take a closer look into how it will affect businesses. We'll cover:
The Economic Injury Disaster Loan Grant
The Paycheck Protection Program
Which payouts will become loans and which will become grants
More resources available to get more information
Resources:
SBA.gov Loan and Grant Resources