You asked: What is small business relief?

How is the CARES Act supporting small businesses?

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

What is the COVID-19 EIDL maximum loan amount for small business and nonprofit organizations?

For loans approved starting the week of April 6, 2021: 24-months of economic injury with a maximum loan amount of $500,000.

What is the loan amount limit for COVID-19 Economic Injury Program?

Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.

Who can apply for the COVID-19 Economic Injury Disaster Loan?

In response to COVID-19, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for the COVID-19 Economic Injury Disaster Loan (EIDL).

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Have interest and monthly payments on federally-held student loans been suspended due to the COVID-19 pandemic?

Interest and monthly payments on federally-held loans are suspended through January 31, 2021. You do not need to contact your student loan servicer or take any action on your federally-held student loans.

How should small businesses help prevent the spread of COVID-19?

Promote etiquette for coughing and sneezing and handwashing. Provide tissues, no-touch trash cans, soap and water, and hand sanitizer with at least 60% alcohol. Plan to implement practices to minimize face-to-face contact between employees if social distancing is recommended by your state or local health department.

Is COVID-19 serious?

Although most people with COVID-19 have mild to moderate symptoms, the disease can cause severe medical complications and lead to death in some people. Older adults or people with existing chronic medical conditions are at greater risk of becoming seriously ill with COVID-19.

Is there a second round of economic COVID-19 relief?

The $1.9 trillion coronavirus relief plan includes a third round of $1,400 stimulus payments, topping off the $600 checks that were already approved by Congress in December 2020, and adding up to $2,000.

Are student loan payments suspended during the COVID-19 pandemic?

Principal and interest payments on federally-held student loans are automatically suspended through January 31, 2021.

Can I be forced to work during the COVID-19 pandemic?

Generally, your employer may require you to come to work during the COVID-19 pandemic. However, some government emergency orders may affect which businesses can remain open during the pandemic. Under federal law, you are entitled to a safe workplace. Your employer must provide a safe and healthful workplace.

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