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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (the Act) includes provisions that provide loan funds to businesses, including not-for-profits (NFPs), to assist them with urgent and immediate financial needs caused by the pandemic.

On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion economic stimulus package legislated to provide immediate relief for nonprofits, businesses, individuals and state and local governments in response to the COVID-19 pandemic.