{"id":4525,"date":"2020-03-28T19:31:00","date_gmt":"2020-03-28T23:31:00","guid":{"rendered":"https:\/\/framinghamsource.com\/?p=4525"},"modified":"2020-03-29T13:26:54","modified_gmt":"2020-03-29T17:26:54","slug":"senators-warren-and-markey-provide-information-resources-for-small-businesses-impacted-by-coronavirus","status":"publish","type":"post","link":"https:\/\/framinghamsource.com\/index.php\/2020\/03\/28\/senators-warren-and-markey-provide-information-resources-for-small-businesses-impacted-by-coronavirus\/","title":{"rendered":"Senators Warren and Markey Provide Information &#038; Resources for Small Businesses Impacted by Coronavirus"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>CARES Act includes $377 billion in small business relief<\/strong><\/h4>\n\n\n\n<p><em>The following is a media release from Sen. Ed Markey and Sen Elizabeth Warren\u2019s offices. Both were elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. Both are Democrat<\/em>s.<\/p>\n\n\n\n<p>***<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"501\" src=\"https:\/\/framinghamsource.com\/wp-content\/uploads\/2020\/03\/source.house_.ad_.blue_.march_.2020.png\" alt=\"\" class=\"wp-image-4329\" srcset=\"https:\/\/framinghamsource.com\/wp-content\/uploads\/2020\/03\/source.house_.ad_.blue_.march_.2020.png 448w, https:\/\/framinghamsource.com\/wp-content\/uploads\/2020\/03\/source.house_.ad_.blue_.march_.2020-268x300.png 268w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/figure>\n\n\n\n<p>WASHINGTON DC &#8211;  United States Senators Elizabeth Warren (D-Mass) and\u00a0Edward J. Markey (D-Mass)\u00a0yesterday, March 27, announced new resources that will soon be available to Massachusetts small businesses suffering the economic consequences of the coronavirus health emergency. <\/p>\n\n\n\n<p>The outbreak of COVID-19 has dealt a severe financial blow to the more than 669,000 small businesses across the Commonwealth. <\/p>\n\n\n\n<p>As non-essential businesses throughout the state are forced to cease in person operations, many of these businesses have had to shut their doors, through no fault of their own.<\/p>\n\n\n\n<p> <strong>[broadstreet zone=&#8221;53820&#8243;]<\/strong> <\/p>\n\n\n\n<p>\u201cThis crisis is putting a ton of pressure on small business owners and their employees,\u201d\u00a0said Senator Warren.\u00a0\u201cSmall businesses in Massachusetts and across the country are going to help get us through this crisis and deliver a stronger recovery, which is why we have been working to get them some relief now.\u201d<\/p>\n\n\n\n<p>\u201cMassachusetts small businesses are fighting for their economic survival as they are forced to close through no fault of their own\u201d\u00a0said Senator Markey<strong>.<\/strong>\u00a0\u201cThe\u00a0<em>CARES Act<\/em>\u00a0provides billions of dollars in important relief to keep small businesses afloat during this crisis, and our offices are here to help owners and workers navigate the federal support available at this time.\u201d\u00a0 \u00a0<\/p>\n\n\n\n<p> <strong>[broadstreet zone=&#8221;59982&#8243;]<\/strong> <\/p>\n\n\n\n<p>The CARES Act includes three major components of small business assistance:<\/p>\n\n\n\n<p>\u2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$350 billion in loan forgiveness grants to small businesses and non-profits to maintain existing workforce and help pay for other expenses like rent, mortgage, and utilities.<\/p>\n\n\n\n<p>\u2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10 billion for SBA emergency grants of up to $10,000 to provide immediate relief for small business operating costs.<\/p>\n\n\n\n<p>\u2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17 billion for SBA to cover 6 months of payments for small businesses with existing SBA loans.&nbsp;<\/p>\n\n\n\n<p>Alongside this aid, Senators Warren and Markey are providing resources to help the Massachusetts small business community navigate relief package.<\/p>\n\n\n\n<p> <strong>[broadstreet zone=&#8221;59983&#8243;]<\/strong> <\/p>\n\n\n\n<p><a href=\"https:\/\/www.markey.senate.gov\/download\/small-business-owners-guide-to-the-cares-act\"><strong>The Small Business Owner\u2019s Guide to the&nbsp;<em>CARES Act<\/em><\/strong><\/a>&nbsp;\u2013 a comprehensive Q&amp;A for Massachusetts small businesses<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sba.gov\/offices\/district\/ma\/boston\">MA SBA District Offices<\/a>&nbsp;(Boston &amp; Springfield)<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sba.gov\/sites\/default\/files\/articles\/SBA_Lenders_Updated_2020.pdf\">List of current Massachusetts 7(a) lenders<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/lender-match\">SBA lender\u2013match<\/a><\/p>\n\n\n\n<p><strong>Local Assistance<\/strong><\/p>\n\n\n\n<p>SBA supported counselors can help guide small businesses during these uncertain times. The following local resources are available to Massachusetts businesses:<\/p>\n\n\n\n<p>Small Business Development Centers<\/p>\n\n\n\n<p><a href=\"https:\/\/www.msbdc.org\/\">Massachusetts Small Business Development Center Network<\/a><\/p>\n\n\n\n<p>Women\u2019s Business Centers<\/p>\n\n\n\n<p><a href=\"http:\/\/www.cweonline.org\/About-CWE\/CWE-Eastern-Massachusetts\">Center for Women &amp; Enterprise &#8211; Eastern Massachusetts<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cweonline.org\/About-CWE\/CWE-Central-Massachusetts\">Center for Women &amp; Enterprise &#8211; Central Massachusetts<\/a><\/p>\n\n\n\n<p>SCORE Mentorship Chapters<\/p>\n\n\n\n<p><a href=\"https:\/\/boston.score.org\/\">SCORE Boston Chapter<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/worcester.score.org\/\">SCORE Worcester Chapter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CARES Act includes $377 billion in small business relief The following is a media release from Sen. Ed Markey and Sen Elizabeth Warren\u2019s offices. Both were elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. Both are Democrats. *** WASHINGTON DC &#8211; United States Senators [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[9,15,57],"tags":[1526,1525,609,1524,143,142,1262],"class_list":["post-4525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-government","category-state-federal-government","tag-cares-act","tag-center-for-women-enterprise","tag-coronavirus","tag-score","tag-sen-ed-markey","tag-sen-elizabeth-warren","tag-small-business-administration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senators Warren and Markey Provide Information &amp; Resources for Small Businesses Impacted by Coronavirus - Framingham Source<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/framinghamsource.com\/index.php\/2020\/03\/28\/senators-warren-and-markey-provide-information-resources-for-small-businesses-impacted-by-coronavirus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senators Warren and Markey Provide Information &amp; Resources for Small Businesses Impacted by Coronavirus - Framingham Source\" \/>\n<meta property=\"og:description\" content=\"CARES Act includes $377 billion in small business relief The following is a media release from Sen. 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