- The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
- Economic Injury Disaster Loans provides up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
- Paycheck Protection Program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
- Small Business Administration Debt Relief provides financial reprieve to small businesses during the COVID-19 pandemic.
- Tax Relief
- Filing and Payment Deadline Extended to July 15, 2020
- Employee Retention Payroll Tax Credit is a refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
- Paid Leave Under the Families First Coronavirus Response Act provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
- US Hispanic Chamber of Commerce
- US Chamber of Commerce
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