On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. The CARES Act is designed to distribute capital quickly and broadly to help alleviate the economic impact of COVID-19, including relief opportunities for small businesses through programs administered by the Small Business Administration (SBA). Among other things, the CARES Act (a) appropriates $349 billion to small businesses as part of an expansion of the SBA’s Section 7(a) loan program under the “Payroll Protection Program” (PPP), and (b) appropriates $10 billion to small businesses as part of an expansion of the SBA’s Section 7(b) economic injury disaster loan program (EIDL Program). Set forth below is an overview of the eligibility requirements and key loan terms for COVID-19 relief loans issued under the PPP and the EIDL Program under the CARES Act.