CARES Act and other financial relief

Netcitos,

With the passage of the CARES Act we are seeing a growing range of programs to help entrepreneurs and small businesses during this challenging time. Here’s a roundup of some of the most helpful resources that we’ve found to date:

• Small business relief from the CARES Act – direct access applications for a $10,000 grant and up to 8 weeks of operating expenses under the CARES Act
• QuickBooks Small Business Relief Initiative – Many helpful resources for small businesses, including a link to GoFundMe where many businesses are having success getting financial relief, and a very well written brief guide to coronavirus relief and assistance programs.
• The CARES Act: What You Need to Know About Emergency Small Business Relief – a good overview of funding available through the act – note that these government loans include a provision for forgiveness, and that the loans do not require a personal guarantee.
• Managing Your Cash Flow During the Coronavirus Crisis – a good slide deck and Webinar for understanding how to manage cash flow and seek financial relief.
• State-by-State Guide to grant and loan programs – we’ve heard that applying for these programs can be very simple, with some grant applications as short as two pages and 5 minutes.