To be a business owner during the coronavirus pandemic is to be in serious financial straits. That is, unless you’re in the business of selling groceries, medicine, other essentials or streaming services. Even as the country reopens, Main Street is not expected to rebound right away. The lost revenue, for big and small businesses, is unprecedented, as is the number of people filing for unemployment (more than 45 million claims filed since mid-March!).
To help you get through the crisis, SmartAsset has put together this guide to all relief programs available to small business owners, including what’s in the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act – and the latest stimulus package. While staying in business has never been harder, billions in federal and state aid are available with lower-than-usual barriers.