Read the full CARES Act.

Small Business Administration Resources

SBA Coronavirus (COVID-19): Small Business Guidance & Loan Resources

Various SBA Funding Options:

U.S. Department of the Treasury Resources

How the Treasury Department is Taking Action

Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

U.S. Chamber Guide to PPP Loan Forgiveness.  This guide reflects recent substantive changes made by Congress and the administration to the PPP program to provide borrowers with more flexibility. These changes include:

  • Extending the time to spend PPP funds from 8 weeks to 24 weeks;
  • Lowering the amount that must be spent on payroll from 75% to 60%;
  • Extending the deadline to restore FTEs and payroll from June 30, 2020 to Dec. 31, 2020; and

Setting the repayment term for loans made after June 4, 2020 at five years.

American Institute of CPAs Coalition Recommends PPP Applicants Use Gross Payroll Approach in Calculations

Click here for this guidance.

Arkansas has been approved for Small Business Administration (SBA) Disaster Assistance.

Businesses can apply here.