---
title: CARES Act Forgivable Loans
description: Brief description of the CARES Act loan program
image: https://www.turbogsa.com/hubfs/cares%20act%20loans.png
---

[![Turbo GSA Logo](https://www.turbogsa.com/hs-fs/file-14156912-png/images/logo.png "Turbo GSA Logo")](https://www.turbogsa.com/)

866-291-5238

[![manage-my-gsa-contract](https://no-cache.hubspot.com/cta/default/46415/df46f48f-f7a1-4f2e-a097-6b0662481cf5.png)](https://cta-redirect.hubspot.com/cta/redirect/46415/df46f48f-f7a1-4f2e-a097-6b0662481cf5)

## [CARES Act Forgivable Loans](https://www.turbogsa.com/blog/cares-act-forgivable-loans)

Posted by [Robert Kelly](https://www.turbogsa.com/blog/author/robert-kelly) on Mar 27, 2020 5:17:35 PM

- [Tweet](https://twitter.com/share)

### **Payroll Protection Program Loans**

**UPDATE - April 3, 2020**

Here is a [link to the SBA PPP Loan Application](https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Application-3-30-2020-v3.pdf). Check with your bank on their requirements.

Banks are still trying to understand the regulations for the Payroll Protection loans. They only received "final" guidance on April 2nd at 7:00 pm.

You probably are already aware of the CARES Act loans that will help with some payroll (2.5 months) plus other expenses that can be forgiven. 

I urge you to

read the attached PDF from the US Chamber of Commerce and

call your bank’s loan officer. They will likely have loan apps for this ready by Tuesday.  Banks will be processing requests quickly and no collateral will be needed. 

Good luck.

[Chamber of Commerce CARES Loan Info](https://www.turbogsa.com/hubfs/Corona_virus_smallbiz_loan_final.pdf)

### Subscribe via E-mail

### Latest Posts

### Federal Contractor Resources

####  [![GSA checklist](https://www.turbogsa.com/hs-fs/CTA-side-GSA-Intro-1-02.png)](https://cta-service-cms2.hubspot.com/cs/c/?&cta_guid=3ced64f6-7018-4de9-a69c-e77862e7c1dd&placement_guid=66439fcd-7844-485f-b447-fb6ed408821c&portal_id=46415&redirect_url=S/Y6tD84k/C9fLV5fvo%2BHqfeK09CzXaQ7QtPUDoj8YRtCte7FCwVTl7tOtQUP0vSAaHiKN/bmE7mrDOBN/8KLA%3D%3D&iv=YlisbFI9Z%2BQ%3D)

  [![GSA Contract renewal Training](https://no-cache.hubspot.com/cta/default/46415/3e42e448-da5b-4499-9632-94f3162ddbe9.png)](http://cta-redirect.hubspot.com/cta/redirect/46415/3e42e448-da5b-4499-9632-94f3162ddbe9)

 

 

### Posts by category

- [GSA Contract (34)](https://www.turbogsa.com/blog/topic/gsa-contract)
- [Federal Marketing (28)](https://www.turbogsa.com/blog/topic/federal-marketing)
- [Government Contracts (21)](https://www.turbogsa.com/blog/topic/government-contracts)
- [3. Federal Marketing (18)](https://www.turbogsa.com/blog/topic/3-federal-marketing)
- [Government Marketing (16)](https://www.turbogsa.com/blog/topic/government-marketing)

### Follow TurboGSA

<https://www.turbogsa.com/CMS/UI/Modules/BizBlogger/rss.aspx?moduleid=299498><http://www.linkedin.com/in/robertkellyturbogsa><https://twitter.com/TurboGSA><https://plus.google.com/106005429518798633662>

### Services

[GSA Schedule Preparation](https://www.turbogsa.com/gsa-overview/) [GSA Contact Modification](https://www.turbogsa.com/gsa-schedule-management/) [Federal Marketing](https://www.turbogsa.com/gsa-schedule-marketing/) [GSA Training](https://www.turbogsa.com/gsa-schedule-workshops-gsa-schedule-training/)

### Learn about

[What is a GSA Schedule](https://www.turbogsa.com/resources/what-is-a-gsa-schedule-contract/) [Why do I need a GSA Contact](https://www.turbogsa.com/resources/why-do-i-need-a-gsa-schedule-contract/) [Get on the GSA Schedule](https://www.turbogsa.com/getting-on-gsa-schedule/) [Qualify for a GSA Schedule](https://www.turbogsa.com/qualifying-for-a-gsa-schedule/) [GSA Audit](https://www.turbogsa.com/blog/m/gsa-schedule-management/gsa-audit/)

### More GSA Info

[GSA Schedule FAQ](https://www.turbogsa.com/resources/gsa-faq/) [GSA Schedule Sales](https://www.turbogsa.com/resources/gsa-schedules-sales/) [Federal Marketing Articles](https://www.turbogsa.com/blog/)

[Obtain GSA](https://www.turbogsa.com/gsa-overview/) | [Manage GSA](https://www.turbogsa.com/gsa-schedule-management/) | [Government Sales](https://www.turbogsa.com/b2g-marketing/) | [Learn More](https://www.turbogsa.com/government-contracting/) | [About Us](https://www.turbogsa.com/about-turbo-gsa/) | [Contact US](https://www.turbogsa.com/contact-us/)   
 © 2013 Training Dimensions, Inc.