Coronavirus(Covid-19)Small Business Guidance and Loan Resources

Coronavirus(Covid-19)Small Business Guidance and Loan Resources

 

 

Things are changing quickly in today’s world and we are here to help you through these uncertain times. This resource center contains helpful tips and tools for you.

Here's a closer look at what we have been working on: 

 

Paycheck Protection Program Information Fact Sheet

Small Business Owner's Guides To The CARES Act

 

 

Resources for Small Business Owners

Small and local businesses are experiencing a variety of new challenges. From a change in demand to remote work, things are changing fast during the COVID-19 outbreak and businesses are being forced to adapt. We are working hard to bring you the best resources and information to navigate this challenging time. Check out these links for more information:

  • The US Small Business Administration is offering special loan and assistance programs for companies being impacted. More specifically they have implemented the Economic Injury Disaster Loan Program which provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid. Here is a link to the online application.
  • The US Department of Treasury has implemented the Paycheck Protection Program which is a fully forgivable loan program that allows you to pay your employees. Here is an overview of the program, along with an information fact sheet. If you don't already have an established relationship with a local bank, visit here to apply.
  • The US Chamber of Commerce has also prepared a Coronavirus response toolkit. Available here
  • The Center for Disease Control (CDC) and World Health Organization (WHO) provide helpful resources and safety tips for everyone.
  • Use this link to see updates from the U.S Department of State
  • We have also seen a lot of actions taken by local government and organizations to help small businesses during this time.