The Coronavirus Aid, Relief, and Economic Security Act (CARES), signed into law March 27, 2020, contains significant economic relief opportunities for small businesses during the COVID-19 public health emergency.

Though there are many resources available through the U.S. Small Business Administration’s website, there are some features of the act that deserve more explanation.

Fortunately, Aflac has developed a simplified guide to the plan that covers the Paycheck Protection Program, Modified Economic Injury DisasterLoan Program, Tax Relief and more.

If you are a small business owner, before you get ensnared in government-legalese, it might be worth spending a few minutes digesting this Aflac PDF. See it here.

Here are some other resources that might be helpful:

• IRS COVID-19 website.
• Subscribe to IRS Guidewire to receive alerts regarding new IRS guidance.
• Small Business Administration Application for the COVID-19 EIDL.
• Most active SBA 7(a) lenders.
• SBA Local Assistance Centers.

And here’s some good advice for small businesses from Mark Cuban: