HELP FOR SMALL BUSINESSES

By | March 19, 2020

The Madera Chamber of Commerce is open and working to provide our members with information that will assist our local businesses in dealing with the the current health concerns and the impacts you may be experiencing as a result of the crisis. We hope the following information, as provided to us, will be of support to you and we will continue to send information as it becomes available.

Message from the U.S. Chamber of Commerce

As many of you are aware, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.  Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.  Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

Please find the attached link, Coronavirus Emergency Loans Small Business Guide and Checklist.  This is the first of a number of resources we are developing to help you and your members with the resources recently approved by Congress to respond to the ongoing pandemic.