We hope this message finds you, your loved ones, and your colleagues safe, healthy, and still able to work.
While keeping our communities safe and healthy requires collective action, keeping your business running is something that might be within your reach. We're encouraging our clients to use the resources made available by local, state, and federal government, including the Coronavirus Aid, Relief, and Economic Security (CARES) Act recently passed by Congress. The CARES Act allocated $350 billion to help small businesses stay open during this pandemic through the Paycheck Protection Program (PPP).
To find out how your business might benefit from PPP or other aspects of the CARES Act, contact your local business banker. You can also contact the U.S. Small Business Association (SBA) to learn about the benefits of PPP. The SBA website is a good place to find the closest SBA office, and the local SBA can give you a list of lenders in your area. Most banks started accepting applications on April 3, so contact your local bank today to start your application process.
Below please find links to more information about the CARES Act, Coronavirus, and guidance on insurance coverage and other ways to help your business during this public health emergency:
- SBA Disaster Assistance in Response to the Coronavirus
- The CARES Act and COVID-19 Relief from the Community Reinvestment Fund
- General Information About the Coronavirus
Meanwhile, if there is anything we at Soulo can help you with, we remain open and able to work.