There are more programs available now for Government Loans, Grants, and Loan Forgiveness than ever before. There are also numerous online lenders, who are a more expensive but faster option. Businesses need to know what’s available and what is best for them, and this section will help you through this process.  
 
This tax credit against employment tax is designed to help employers who have seen a significant decline in business due to COVID- 19. It is a replacement for the Paycheck Protection Plan (PPP), and not an alternative.
 
The many provisions of the CARES Act are very well summarized in this document from Merrill.  It does also summarize the Paycheck Protection Program (PPP) and Employee Retention Tax Credit, and both of these are covered in greater detail elsewhere in this section.
 
The government loan programs will be crucial, but they may not be available quickly enough for companies that require immediate funding. The demand will be high, and the systems to provide funding will be under pressure. 
 
One of the many things to think about during this crisis is business insurance and what may and may not apply. To follow is a very comprehensive article on commercial property coverage and Covid-19 that details the need for Business Income claims.