Posted on April 1, 2020The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law by President Trump on March 27, 2020. A provision of the CARES Act allocates approximately $350 billion to help small business in this time of worldwide health and economic crisis. This initiative, known as the Paycheck Protection Program, provides 100% federally guaranteed loans to small business via SBA loans. Businesses in need are highly encouraged to take advantage of this program to help in this time of business disruption.