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Dear NAHMA Members –
Please find the information below on Assistance for Small Businesses, included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This information is also located on NAHMA’s Coronavirus Information and Resources website, under the Department of Treasury tab. ASSISTANCE FOR AMERICAN WORKERS AND FAMILIESIn the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE. ASSISTANCE FOR SMALL BUSINESSESThe 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. For a top-line overview of the program CLICK HERE If you’re a lender, more information can be found HERE If you’re a borrower, more information can be found HERE The application for borrowers can be found HERE PRESERVING JOBS FOR AMERICAN INDUSTRYThe CARES Act assists eligible businesses looking for payroll support to keep Americans working. For more information, CLICK HERE. |