The CARES Act Business Loan Programs: Which is the Best Fit?
April 8, 2020
Updated 4/16/2020 at 2:23pm ET
The CARES Act allocates $349 billion to help small businesses keep workers employed amid the current circumstances they are encountering. This chart is an overview of the key components of and eligibility requirements of these new programs (PPP & EIDL) as it compares to a traditional SBA 7(a) loan, and is intended as a guide to determine which Small Business Administration loan program best fits your company’s needs and strategic objectives.