You may be eligible for assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act which allocated $350 billion to help small businesses keep workers employed amid the pandemic.
The programs and initiatives in CARES Act just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide from the US Chamber provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
Bothell’s Banner Bank is accepting pre-applications for the Paycheck Protection Program as well as providing a list of documents needed for the application process. Employers can go to the Banner Bank web site for more information.