Understanding the CARES Act
The Coronavirus Aid, Relief and Economic Security Act (CARES) tasks the Small Business Administration with overseeing the distribution of millions of dollars in loans and grants to help small businesses and individuals. Check these simple diagrams to understand how the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) plans are structured to support you and your business during this crisis.
What is the CARES Act? How do I apply? Find answers to these and other important questions in this FAQ page that HCCMC compiled to make this program easier to understand.
PPP and EIDL Grants
PPP and EIDL grants are the fundamental pillars of the CARES Act. Look at these workflows to better understand how each program works.
Paycheck Protection Program (PPP) Facts
The U.S. Department of Treasury released a FAQ document on April 8th to address common inquiries and requests for information pertaining to the Paycheck Protection Program (PPP). Click on the button below to access the FAQ document in PDF format.
Coronavirus Relief Funding Options
Learn more about the SBA Express Bridge Loans and the SBA Debt Relief programs to address the COVID-19 outbreak.