Cares Act Header

The Coronavirus Aid, Relief, and Economic Security (CARES) Act (2020) provides direct economic assistance for workers, families, small businesses, and industries. This is a limited opportunity as funds are available.

For information on other Revolving Loan Fund (RLF) opportunities, see the Revolving Loan Fund page.

Who is eligible?

  • Demonstrated impact from COVID-19
  • Any for-profit business in the Region Nine service area

What can funds be used for?

  • Real estate
  • Machinery and equipment costs
  • Working capital
  • Inventory
  • Building and/or leasehold improvements
  • Retail, service, and manufacturing costs

What are the terms of the loan?

  • Max loan amount of $100,000; $10,000 working capital only loans
  • 0% interest rate for the first 24 months and 2% for the remainder of the loan period

What you need to apply:

(Full checklist here)

  • Completed RLF CARES Act Application
  • Business Plan
  • A Balance Sheet
  • A projected, annualized Income Statement
  • Personal Financial Statement
  • Corporate and Individual Income Tax Returns
  • A Schedule of Debts
  • A copy of current or proposed lease on buildings and/or equipment
  • Key cost documents

All Applicants are encouraged to contact our partners at the Small Business Development Center (SBDC) to assist in the application process.