CARES Act Free Training Program
PHOENIX, ARIZONA, US.- On Wednesday The Arizona Chamber of Commerce & Industry and the Arizona Small Business Association (ASBA) announced the launch of the CARES Act Readiness Program for Small Businesses.
This it’s a free training program that helps both novice and experienced borrowers navigate the federal CARES Act, informed the business chamber.
In a press release, said that the CARES Act makes billions in capital available to small businesses in order to sustain their operations during the Covid-19 pandemic, much of it in the form of grants or forgivable loans.
The program, which can be found in English at caresactaz.com and Spanish at caresactaz.com/espanol, offers a suite of free online training modules that users will complete depending on their previous borrowing experience and that will culminate in helping businesses submit loan applications.
“The CARES Act offers Arizona small businesses lifelines to help them weather this unprecedented period,” Arizona Chamber President and CEO Glenn Hamer said.
“We want to make these programs accessible and easy-to-understand for all eligible Arizona businesses. That’s why the Chamber and ASBA are committed to doing all we can to ensure as many Arizona businesses as possible have the tools and information necessary to take advantage of CARES Act funding. The more support we can offer these businesses the better”, he added.
The CARES Act, which the president signed into law on March 27, contains the $350 billion Paycheck Protection Program, which makes available forgivable loans to businesses with fewer than 500 employees, as well as to sole proprietors, independent contractors and certain non-profits.
The bill also includes a grant program to issue up to $10,000 to small businesses applying to the Small Business Administration’s low-interest Economic Injury Disaster Loan (EIDL) program.
Classes are available online beginning today, Wednesday, April 15, 2020. Small business owners may sign-up for free by visiting caresactaz.com or caresactaz.com/espanol.
