Assistance for Small Businesses

 

For the most up-to-date information, go online to: treasury.gov/cares

 

The Treasury Department is supporting American workers and businesses who are impacted by the coronavirus. In February, Secretary Mnuchin was appointed to the President’s Coronavirus Task Force, where he meets daily with the Vice President and our nation’s top health officials. For the latest information from the Task Force, please visit whitehouse.gov/news.

 

 

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

 

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

 

• For a top-line overview of the program, CLICK HERE

• If you’re a lender, more information can be found HERE

• If you’re a borrower, more information can be found HERE

• The application for borrowers can be found HERE

 

The IRS rolled out a refundable tax credit that is 50 percent of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. For answers to frequently asked questions, CLICK HERE.

 

 

 

If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19-related grants or stimulus payments in exchange for personal financial information, or an advance fee, or charge of any kind, including the purchase of gift cards, please do not respond. These are scams. Please contact the FBI at ic3.gov so that the scammers can be tracked and stopped.

 

Fraud involving payment of Federal taxes should be reported to the Treasury Inspector General for Tax Administration.