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.
Am I Eligible?
What will Lenders be Looking For?
How Much Can I Borrow?
Will this Loan be Forgiven?