The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law by President Donald J. Trump, provides the Economic Development Administration (EDA) with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to coronavirus.
The EDA’s Revolving Loan Fund Program provides access to capital to enable small businesses to grow and generate new employment opportunities and help them to retain jobs that might otherwise be lost, create wealth and support minority and women-owned businesses.
