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CARES Act Grants vs Loans

The CARES Act created a mix of direct grants, forgivable loans, and loan and guarantee authorities for COVID-19 expenses and corporate support.

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Jan 16, 2026
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How much of the CARES Act was grants versus loans or loan guarantees?

The CARES Act created a mix of direct grants, forgivable loans that could convert to grants, and large loan and guarantee authorities; major, traceable grant lines included roughly $150 billion for st...