Small Business Guide and Checklist Coronavirus Emergency Loans

In Wisconsin there are 109,023 Small Businesses which employee 2.56 million people. The Coronavirus, Aid, Relief and Economic Security (CARES) Act has allocated $350 billion to help small businesses keep workers employed, specially through the “Paycheck Protection Program.” The Paycheck Protection Program initiative provides 100% federally guaranteed loans to small businesses.

The U.S. Chamber of Commerce answers the following questions in the attached guide.

1. Am I Eligible?

2. What will Lenders be Looking For?

3. How Much Can I Borrow?

4. Will this Loan be Forgiven?