The Small Business Administration's new temporary programs under the CARES Act are meant to provide relief to businesses impacted by the Coronavirus and include:

Paycheck Protection Program

 
This loan program helps small businesses keep their workers on payroll and the SBA will forgive loans if the money is used for payroll, rent, mortgage interest or utilities with all employees kept on payroll for eight weeks.

EIDL Loan Advance
The Economic Injury Disaster Loan advance is eligible to small business owners facing a temporary loss of revenue. Owners can apply for an advance of up to $10,000 that will not have to be repaid.

SBA Express Bridge Loans
Small businesses who presently have a business relationship with an SBA Express Lender are able to quickly access up to $25,000 through this program.

SBA Debt Relief
The SBA debt relief includes paying the principal, interest, and fees of current 7(a), 504 and microloans for a period of six months and new 7(a), 504 and microloans given before September 27, 2020.