On March 27, 2020, the U.S. Congress passed and President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. Title I of the CARES Act, the Keeping American Workers Paid and Employed Act, impacts the way in which the U.S. Small Business Administration (SBA) originates small business loans. Broadly, it changes borrower eligibility and loan terms in an effort to keep employees on the payroll. The SBA is required to issue guidance and regulations implementing these changes within 30 days of enactment (by April 26, 2020); therefore certain details about the CARES Act remain unknown. More.