COVID-19 Resources for Commercial Tenants
CARES Act Information for Small Businesses
On Friday, March 27th, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
into law. The Act provides financial relief to individuals and small businesses. With these uncertain economic times,
we encourage business owners to review the available relief programs for any financial opportunities for your
business. We also encourage you to check with your business insurance provider on any applicable business
interruption insurance as well as local business chamber for additional funding opportunities.
We understand the information can be overwhelming and new information is being distributed daily. To ease this
burden, we have compiled a short list of the key programs available to small businesses and helpful links to find
Paycheck Protection Plan (PPP):
Loan to help cover payroll, mortgage/rent or utilities and potential to be 100% forgivable. These loans will be
provided on a first-come, first-serve basis and are offered through approved SBA lenders.
Economic Injury Disaster Loan (EIDL)
Quick loan advance up to $10,000 that does not need to be repaid.
Employee Retention Credit
Credit provided to employers to encourage businesses to keep employees on their payroll.
Small Business Debt Relief Program
If your business has an outstanding SBA loan, check with your SBA lender on opportunities for existing loans under
the CARES Act.
- The Small Business Owner’s Guide to the CARES Act
- IRS – Coronavirus Tax Relief and Economic Impact Payments
- US Treasury – CARES Act
Goldmark Property Management, Inc. does not provide tax, legal or accounting advice. This material has been prepared for
informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice.