Paycheck Protection Loans and Eligibility for Loan Forgiveness. ... This program will fund emergency loans of up to $10 million for eligible small businesses, non-profits, and sole proprietors, authorizing loan proceeds to be used for payroll, operations, and debt service.
Estimated to total $300 billion. Most individuals earning less than $75,000 can expect a one-time cash payment of $1,200. Married couples would each receive a check and families would get $500 per child. That means a family of four earning less than $150,000 can expect $3,400.
If your insurance, and funding from the Federal Emergency Management Agency (FEMA), doesn’t fully cover the disaster assistance you need, you can use disaster loans for a number of purposes.
The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.
CARES Act: Paycheck Protection Loans and Eligibility for Loan Forgiveness. ... This program will fund emergency loans of up to $10 million for eligible small businesses, non-profits, and sole proprietors, authorizing loan proceeds to be used for payroll, operations, and debt service.