According to the U.S. Chamber of Commerce, $350 billion has been allocated as part of the CARES Act to help small businesses. Distributed via federally guaranteed loans, the ACT provides that the loans may be completely forgiven under certain circumstances.
Although additional details are forthcoming as of the publishing of this post, the U.S. Chamber of Commerce issued the attached guide to answer questions and provide guidance. It includes information about program eligibility, borrowing limits and key facts about the forgiveness component. Click on the image below to download the guide and learn more about this critical program.