Coronavirus Resources

Small Business Relief:

Small Business Association page with links to available funding options:

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options

The Paycheck Protection Program

This is a program that give small businesses the funds to cover payroll and other expenses for up to 8 weeks. As of April 3, 2020, small businesses and sole proprietorships can apply for loans through June 30, 2020. Independent contractors and self-employed individuals can apply starting April 10, 2020.
More Information can be found on the SBA website:

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection- program-ppp

The Treasury Department and the Small Business Administration posted 20 frequently asked questions in regards to the new Paycheck Protection Program:

20 FAQs – Paycheck Protection Program (PPP)

PPP SBA Disclaimer: The content in this document is meant for general informational purposes. The views expressed are not intended to provide specific financial, accounting, compliance, tax, regulatory or legal advice. Prato Capital Management is not a legal firm, a Bank or a Tax Advisor.  Please consult with your bank for an application and further information.

US Treasury Assistance for Small Business

The US Treasury website below provides some more information about the Paycheck Protection Program including links for applications and finding a lender.

https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses

Small Business Economic Injury Disaster Loan Emergency Advance

This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing difficulties due to the pandemic. The SBA website says, “this loan advance will not have to be repaid.”

https://www.sba.gov/page/disaster-loan-applications#section-header-0

"An investment in knowledge pays the best interest."

-Benjamin Franklin