Bill can provide funds to keep people on the payroll.
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. The bill allocates $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.
The guide is available at uschamber.com/sbloans
It outlines the steps small businesses can take now to much-needed funds to help keep their workers on the payroll during this disruptive period, according to a statement. Further guides will be developed as the CARES Act becomes implemented, the release adds.
“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,” says Suzanne Clark, President of the U.S. Chamber of Commerce, in the statement. “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.”