Paid Leave For Workers and Tax Credits For Small Businesses
The US Treasury Department, Internal Revenue Service , and the US Department of Labor announced under the Families First Coronavirus Response Act, that small and midsize employers can take advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees .
It will help the United States combat and defeat COVID-19 by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee's own health needs or to care for family members.
- Paid Sick Leave for Worker - For COVID-19 related reasons, employees receive up to 80 hours of paid sick leave and expanded paid child care leave when employees' children's schools are closed or child care providers are unavailable.
- Complete Coverage - Employers receive 100% reimbursement for paid leave pursuant to the Act.
- Fast Funds - Reimbursement will be quick and easy to obtain.
- Small Business Protection - Employers with fewer than 50 employees are eligible for an exemption from the requirements to provide leave to care for a child whose school is closed, or child care is unavailable in cases where the viability of the business is threatened.
- Easing Compliance - Requirements subject to 30-day non-enforcement period for good faith compliance efforts.
This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020.
Tax Filing and Payment Relief
The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020 without penalties and interest, regardless of the amount owed.
This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.
Economic Impact Payments
The Treasury Department and the Internal Revenue Service announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people.
Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.
Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.
Some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.
Economic Injury Disaster Loan
SBA is offering loan programs in response to the Coronavirus (COVID-19) pandemic. SBA’s Economic Injury Disaster Loan program 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.
SBA Paycheck Protection Progam
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. It authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.
Starting April 3, 2020, small businesses and sole proprietorship can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders, The PPP will be available through June 30, 2020.
The loan amounts will be forgiven as long as:
- The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
- Employee and compensation levels are maintained.
Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. Loan payments will be deferred for six months, no collateral or personal guarantees are required. This loan has a maturity of 2 years and an interest rate of .5%.
You will need to complete the Paycheck Protection Program loan application and submit it with the required documentation including payroll docs to an approved lender that is available to process your application. You can apply through any existing SBA lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.
You should use the proceeds from these loans on your:
- Payroll costs, including benefits;
- Interest on mortgage obligations, incurred before February 15, 2020;
- Rent, under lease agreements in force before February 15, 2020; and
- Utilities, for which service began before February 15, 2020.
Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.
They encourage you to apply as quickly as you can because there is a funding cap and lenders need time to process your loan.
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EXIM Relief Measures Amid COVID-19 Outbreak
EXIM recently announced relief measures for U.S. exporters and financial institutions, including U.S. small businesses, due to the anticipated effects of the COVID-19 (coronavirus) outbreak.
EXIM is offering relief measures, including waivers, deadline extensions, streamlined processing, and flexibility, to its customers for an initial period of 30 days (with the possibility of a further extension of the period, at EXIM’s discretion) to enable businesses and financial institutions that participate in their programs to return to their business concerns at an appropriate time without penalty for the following programs:
- Working Capital Guarantee Program
- Multi-Buyer and Single-Buyer Short-Term Insurance Program
- Medium-Term Single-Buyer Insurance Policies Issued to Exporters
SBA Standard 7(a) Loan
The 7(a) loan program is the SBA's primary program for providing financial assistance to small businesses.
- Standard 7(a): Maximum loan amount up to $5 million.
- Maximum SBA guarantee %: 85% for loans up to $150,000 and 75% for loans greater than $150,000.
- Interest rate: Lenders and borrowers can negotiate the interest rate, but it may not exceed the SBA maximum.
- Collateral: Lenders are not required to take collateral for loans up to $25,000. For loans in excess of $350,000, the SBA requires that the lender collateralize the loan to the maximum extent possible up to the loan amount. If business fixed assets do not “fully secure” the loan the lender may include trading assets (using 10% of current book value for the calculation), and must take available equity in the personal real estate (residential and investment) of the principals as collateral.
SBA Debt Relief
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
As part of SBA's debt relief efforts,
- The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
- The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
Additional Debt Relief
For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular servicing” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.
State and Local Government Support for COVID-19
- Sales Tax Relief for Small Retail Businesses
the Department of Revenue is extending relief to small retail businesses that are unable to timely pay their February, March, and April 2020 sales tax liabilities. Small businesses whose monthly retail sales during the previous calendar year averaged $62,500 or less may file their monthly sales tax returns for the February, March, and April 2020 reporting periods without paying the state sales tax reported as due. Late payment penalties will be waived for these taxpayers through June 1, 2020.
- Support for Workers Impacted by COVID-19
Alabama Department of Labor Secretary Fitzgerald Washington announced on Tuesday 3/16 that Alabama workers who are not able to work due to COVID-19 will be eligible to file for unemployment benefits.
Based on current guidance from the U.S. Department of Labor, the Alabama Department of Labor is modifying existing unemployment compensation rules to allow workers to file a claim for unemployment compensation benefits who are affected in any of the following ways:
- Those who are quarantined by a medical professional or a government agency,
- Those who are laid off or sent home without pay for an extended period by their employer due to COVID-19 concerns,
- Those who are diagnosed with COVID-19,
- Or, those who are caring for an immediate family member who is diagnosed with COVID-19.
- Small Business Economic Development
To provide private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment.
Eligibility for the SBED program includes all communities in the state of Alaska with a population of less than 30,000. Loans in communities of 30,000 or more are available on a limited basis, depending on funds availability.
- Rural Development Initiative Fund
Loans may be made to a business located in a community with a population of 5,000 or less that is not connected by road or rail to Anchorage or Fairbanks, or with a population of 2,000 or less that is connected by road or rail to Anchorage or Fairbanks. Maximum loan amount is $150,000 to a person or up to $300,000 to two or more people. A $150 nonrefundable application fee must be submitted with the completed application.
- Microloan Loan Program
To promote economic development in Alaska by helping small businesses access needed capital. Loans may be made for working capital, equipment, construction or other commercial purposes for a business located in Alaska. Maximum loan amount is $35,000 to a person or up to $70,000 to two or more persons. Loan requests of more than $35,000 require a letter of denial from a financial institution, stating the reason(s) for denial, or confirmation that a loan from a financial institution is contingent on the applicant receiving a loan from the fund. A $100 nonrefundable application fee must be submitted with the completed application.
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- Quick action loan program
Allocation of $4,000,000 from the Governor's Quick Action Closing Fund, and an additional $3,000,000 from the Attorney General's Consumer Education and Enforcement Fund. Eligible companies may apply for a loan or loan guaranty of up to $250,000. The primary use of the funds from the Attorney General will be to support small businesses with job retention. The program includes both loan guarantees and direct lending to businesses.
- Community development block grant (CDBG)
Up to $12 million in CDBG assistance will be made available for COVID19 relief and recovery. This money will be used to provide grants to eligible local governments with which to provide direct economic assistance in the form of loans to companies impacted by COVID19 and grants to clinics, hospitals and other non-profits who are working hard to provide care in rural Arkansas and to vulnerable populations such as the homeless
- CA Infrastructure and Economic Development Bank (IBank) Finance Programs
The State of California is allocating $50 million to the Small Business Finance Center at California’s IBank to mitigate barriers to capital for those small businesses (1-750 employees) that may not qualify for federal funds (including businesses in low-wealth and immigrant communities). The $50 million allocation will be used to recapitalize the IBank Small Business Loan Guarantee Program.
Disaster Relief Loan Guarantee Program: This disaster program provides guarantees for loans of up to $50,000 for small business borrowers in declared disaster areas.
- California Capital Access Program (CalCAP) (1-500 employees)
CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Individual borrowers are limited to a maximum of $2.5 million enrolled over a 3-year period. Contact a Participating Lender to enroll.
- CalOSBA - Small Business Assistance & Resources
California’s network of small business centers help businesses figure out which loans are best for them, develop resiliency strategies, and find other resources.
- Work Sharing Program
Employers can apply for the Unemployment Insurance (UI) Work Sharing Program if reduced production, services, or other conditions cause them to seek an alternative to layoffs.
The Work Sharing Program helps employees whose hours and wages have been reduced:
Receive UI benefits.
Keep their current job.
Avoid financial hardships.
The Work Sharing Program helps employers:
Minimize or eliminate the need for layoffs.
Keep trained employees and quickly prepare when business conditions improve.
Avoid the cost of recruiting, hiring, and training new employees.
- Tax Assistance
If you are experiencing a hardship as a result of COVID-19, you may request up to a 60-day extension of time from the EDD to file your state payroll reports and/or deposit state payroll taxes without penalty or interest. A written request for extension must be received within 60 days from the original delinquent date of the payment or return.
- Eviction Assistance
If your business is facing eviction, reach out to the Colorado Department of Regulatory Agencies (DORA) for assistance.
- Layoff Assistance
The Colorado Department of Labor and Employment created a Layoff Assistance page, which outlines a number of programs and resources to help business owners make difficult decisions around laying off employees.
The Small Business Navigator can direct you to resources and answer questions about COVID-19 specific funding. Hours are Monday through Friday from 8:00 a.m. to 5:00 p.m.
Hotline: (303) 860-5881
COVID-19 Small Business Alternative Funding
Please note that this Google sheet is ‘live’, so you may see changes as we make real-time updates.
Denver Business Assistance Program
- Small Business Emergency Relief
A city-wide program that addresses the most immediate needs of the business community. The program prioritizes those industries who are most impacted by the coronavirus pandemic, such as the food industry, nail salons, barbershops, home childcare providers, and retail shops.
Providing up to a $7,500 in cash grants to our most vulnerable, this program is designed to assist eligible small businesses that may have had to temporarily close, have difficulty with paying their rent and utilities, or have had to lay off staff.
- Denver Microloan Program
Provides loans from $5,000-$50,000
Provides lending capital and support services to small businesses to support their stabilization efforts
- Workforce Services
- DECD Direct Assistance. Financing for small business is available through two programs:
- Economic and Manufacturing Assistance Act (MAA). This act makes available low-interest loans and incentive-driven direct loans for projects when there is a strong economic development potential.
- Small Business Express Program. This program provides loans and grants to Connecticut's small businesses to spur job creation and growth.
- Connecticut Center for Advanced Technology, Inc (CCAT). CCAT provides grants to start-up companies that are housed in Connecticut incubator facilities through the Small Business Incubator Grant Program.
- Connecticut Innovations (CI). CI is a quasi-public organization that serves as Connecticut’s strategic venture capital arm.
- Crossroads Venture Group (CVG). CVG provides guidance for high-growth enterprises through the promotion of capital formation.
Other Statewide/Regional Lending Partners
- Community Economic Development Fund (CEDF) — provides loans and technical assistance to small businesses.
- Connecticut Community Investment Corporation (CTCIC) — provides access to capital that may not be available elsewhere as well as financing opportunities for expanding businesses looking to purchase real estate and/or machinery and equipment.
- BDC Capital — pools money from many financial institutions to share the risks of helping promising companies expand.
Regional Loan Programs
- Hartford Economic Development Corporation (HEDCO) and Greater Hartford Business Development Center (GHBDC) — working in tandem to provide small businesses throughout the region with alternative financing.
- Waterbury Development Corporation (WDC) — focused on offering one-on-one business support as well financial assistance to Waterbury’s business clientele at all stages of the business cycle.
- SouthEastern Connecticut Enterprise Region (seCTer) — a public/private regional economic development agency offering loan programs and business development assistance to businesses in New London County.
- Northeast Connecticut Economic Alliance — provides resources to both existing and startup manufacturing and service companies in Northeastern Connecticut.
- Community Capital Fund — supports economic development projects that benefit low- and moderate-income people in the Greater Bridgeport area.
- Middlesex County Revitalization Commission — offers a Revolving Loan Fund to help create/retain jobs in Middlesex County.
- Hospitality Emergency Loan Program (HELP)
The Hospitality Emergency Loan Program (HELP) to provide funds to some of the businesses and nonprofits in the state most significantly impacted by Coronavirus. It will make no-interest loans of up to $10,000 per business per month. The $10,000 can cover rent, utilities and other unavoidable bills but cannot be used for personnel costs. **available to eligible businesses in the hospitality industry.
The regionally-focused Regional Business Managers have decades of experience between them and can assist with a variety of needs, including:
- Navigating government processes
The manager can serve as a liaison for you with state agencies, helping you to cut through red tape, reducing the amount of time you spend dealing with government and allowing you to focus on opening or growing your enterprise.
- Connecting with resource organizations
There are approximately 100 different organizations, government entities, non-profits and more that provide services directly to Delaware small businesses. A manager can help you connect with the right one. Or you can use this site’s Business Resource Connection to find the best assistance.
- Accessing capital
Cash flow can be make or break for a business. A manager can help you connect with funding opportunities from regional resources or from Division of Small Business programs. Information on those programs is available on the Incentives page.
Connect with a Regional Business Manager to see how we can help you.
- Florida small business loan program:
The Florida Small Business Loan Program is available to qualified businesses that demonstrate adequate historical and/or proposed cash flow coverage and other credit underwriting metrics. The loan proceeds must be used for a business purpose. A business purpose includes, but is not limited to: startup costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes. Loan Participation is up to 50 percent of the total loan amount. With the 504 Bridge Loan Participation, lenders are permitted to finance equipment and owner-occupied real estate purchases up to 90 percent of the total project cost. Loan amounts range from $250,000 to $5 million.
- Microfinance guarantee program:
The Microfinance Guarantee Program is available to stimulate access to credit for entrepreneurs and small businesses in Florida by providing targeted guarantees to loans made to such entrepreneurs and small businesses. Funds appropriated to the program must be reinvested and maintained as a long-term and stable source of funding for the program.
- Black business loan program:
The Black Business Loan program (BBLP) offers alternative lending solutions to Florida-based black owned small businesses by providing short-term loans and technical assistance.
- Rebuild florida business loan fund:
The Rebuild Florida Business Loan Fund provides financing to assist businesses with resiliency efforts. The funds will address the current gap in available, affordable capital for businesses that can be used for inventory purchases, construction, working capital, equipment financing and more.
Idaho Women's Business Center
The Idaho Women's Business Center has been identified in the CARES act as a resource for all small business owners, women and men in navigating the COVID-19 Outbreak. They host one on one consultations with you to help identify your concerns, and connect you with available resources.
To schedule a one on one meeting via phone or Zoom, please email info@IdahoWomen.org
Idaho Small Business Development Center
The Idaho Small Business Development Center empowers business success through our no-cost and confidential consulting and affordable training to small businesses throughout our state. Consultants are available to work with your business, answering questions, providing resources, and advocating for your business to help get through this period. Currently, each of their centers across the state are open for business, although due to current social distancing measures, all meetings will be virtual by phone or video conference.
If you are a small business who’s been affected by the COVID 19 pandemic, you can let them know how you’ve been affected by completing the survey below.
The information helps inform our government on what support is needed here in Idaho.
More Than $90 Million In Emergency Assistance Available for SMBs
On March 25, Gov. Pritzker announced a new package of emergency assistance programs for small businesses in need of additional capital, totaling more than $90 million dollars. Information about these Grants and Loans including eligibility, application information and when the funds will be disbursed is available on the SBA Initiatives webpage on the Illinois Department of Commerce and Economic Development website.
Illinois Small Business Emergency Loan Fund
This $60 million fund will support low-interest loans of up to $50,000 for small businesses in every industry.
DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are partnering with Accion, the Illinois Bankers Association and the Community Bankers Association of Illinois to create this fund. Loans will be supported by a $30 million loan loss reserve, consisting of $20 million of DCEO funds and $10 million in funds secured with the partnership with the Illinois banking community.
Businesses with fewer than 50 employees and less than $3 million in revenue in 2019 will be eligible to apply. Successful applicants will owe nothing for six months and will then begin making fixed payments at 3% interest for the remainder of a five-year loan term.
Downstate Small Business Stabilization Program
This new $20 million program supports small businesses in suburban and rural counties across Illinois, providing grants of up to $25,000 to small businesses in communities served by DCEO's Office of Community Development.
These grants will offer businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital. The program redeploys Community Development Block Grant funds to support local small businesses.
Indiana Back on Track
- On May 1st Governor Holcomb announced Back on Track Indiana, a 5 stage plan to safely reopen Indiana. An overview of the 5 stages, including what businesses can re-open, is available here.
- All Indiana businesses should take measures and institute safeguards to ensure a safe environment for their employees, customers, and clients. This includes any business that has remained open during the Stay at Home order, as well as those opening to employees and customers in the coming days and weeks.
Indiana Small Business PPE Marketplace
This online hub serves as a resource for Indiana small businesses employing up to 150 associates that are in need of personal protective equipment (PPE) to ensure the health and safety of their workforce during the COVID-19 pandemic. All businesses are encouraged to first source and procure PPE on their own. This service is designed to serve as an alternate backstop for employers most in need. Click here for more information and to place a request.
Indiana Small Business Development Center
The Indiana SBDC, which has 10 regional offices throughout the state, offers no-cost business advising for entrepreneurs and small businesses. Advisors are available to provide free advising and disaster relief loan application assistance for those impacted by the COVID-19 pandemic. For more information, visit isbdc.org/indianacovid19smallbusiness and contact your nearest regional office.
First quarter unemployment tax payments
Due April 30 may be delayed until the end of the 2nd quarter (July 31) for employers with 50 or fewer employees. Employers still must file their quarterly wage reports. Contact Iowa’s Unemployment Insurance Tax division at 1-888-848-7442 or Q1tax@iwd.iowa.gov.
COVID-19 Targeted Small Business Sole Operator Fund:
The program offers grants up to $10,000 to single-owner businesses with no employees that are also TSB certified, or have an application submitted to the Iowa Economic Development Authority by April 10, 2020 to become TSB certified. The program assisted 364 targeted small businesses through a total of $600,000 in awards. All businesses that have received a grant award through the program have been notified.
Louisville Metro COVID-19 Response
The deadline to file taxes was moved from April 15 to July 15.
The Department of Revenue has moved back the collection process for real estate and personal property taxes 30 days due to COVID-19.
A certificate of delinquency will not be created until May 15. Until then, you may please visit the Jefferson County Sheriff’s Office website to pay property taxes or use the drop box at the entrance to the Fiscal Court Building.
- Beginning May 16, payment plans may be requested from the Jefferson County Attorney’s Office.
- Eligible delinquent tax certificates are currently scheduled to be offered for sale on August 14 from its original date of July 17.
Small business loans help start and grow our small business community that are the soul our community. Loan programs assist with start-up capital, working capital, capital improvements to commercial and public properties, and helps low and moderate income individuals start or grow a business.
As of Friday, March 20, the city’s small business loan program, METCO, has implemented the following temporary relief for current loan holders:
- No late fees will be implemented for three months
- Loans will be extended by loan holder's choice of 30, 60, or 90 days
Supports from banks and credit unions
Bank on Louisville has gathered information about how local banks and credit unions are supporting customers impacted by the COVID-19 crisis. Please contact your financial institution to learn more about these relief efforts and discuss your individual eligibility. You will need to contact your bank or credit union to participate in relief programs as they are not automatic.
Other Loan Programs
Many community partners offer capital and help low and moderate income individuals start or grow a business. If you have an existing loan, please contact your lender organization for more information about relief efforts as they may not be automatically applied.
- Jewish Family & Career Services: Optional three-month deferment on existing loans in good standing through Navigate Entreprise Center. Email Cynthia Brown. firstname.lastname@example.org
- Community Ventures: Borrowers should call (859) 231-0054 to discuss options.
- LHOME: Existing borrowers are allowed a three-month forbearance period; borrowers can choose to extend loan for three months without penalty. Applications for our $500 Lifeline Loan (payday loan alternative) and $25,000 Small Business Continuity Loan will be available Monday, April 6. Funds should be available within three to five business days from receiving a completed application. Contact LHome at (502) 882-8091 or email@example.com
- Access Ventures: Through Render Capital, businesses can apply for growth loans of up to $35,000 that provides flexible funding for working capital, website improvements and more. Current borrowers can make interest-only payments for 3 months. https://render.capital/
Maine’s small businesses and their workers are the backbone of our economy. Several new programs, such as the Paycheck Protection Program, are now becoming available to support them due to COVID-19 disruption.
Maine Street Lending Program- Business loans to help eligible medium-sized and small companies through the COVID-19 pandemic.
The program is designed to help credit flow to medium-sized and small businesses that were in good financial condition, but now need loans to help until they have recovered from, or adapted to, the impacts of the pandemic. Loans originated under the program have several features that will help businesses facing challenges. The program offers 4-year loans, with floating rates, and principal and interest payments deferred during the first year to assist businesses facing temporary cash flow interruptions. The loans range in size from $500,000 to $200 million – a wide range that may support a broad set of employers.
FAME COVID-19 Relief Loan Program - COVID-19 Relief Business Direct Loan Program provides FAME Direct Loans of up to $50,000 with special terms available to Maine-based businesses experiencing interruption or hardship due to COVID-19.
Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19).
Maine SBDC – Counselors are available statewide and you can request advising on the SBDC website. The website also has a wealth of information on starting a business.
SCORE – SCORE has chapters around the State, with the nation’s best chapter for two years running located in Portland - https://portlandme.score.org/. SCORE is a free, volunteer-led service and has both general business mentors and subject area experts.
Maine Women’s Business Center – WBC is also statewide and both WBC and SBDC are hosted by CEI - https://www.ceimaine.org/advising/ - you can request a business advisor from CEI through their website.
Maryland business and individual income taxpayers will be given a 90-day extension for tax payments. No interest or penalty for late payments will be imposed if 2019 tax payments are made by July 15, 2020.
- While some businesses who applied for Maryland Commerce COVID-19 Relief funding may have received approval notifications, please note funds are still being distributed on a first-come, first-served basis beginning with those who applied on March 23. Please visit our FAQs for more information on disbursement.
- As of 5 p.m. on April 21, Commerce is no longer accepting applications for its Emergency Relief Manufacturing Fund. All applications are currently being reviewed.
- As of 5 p.m. on April 6, the Maryland Department of Commerce is no longer accepting new applications for its Small Business COVID-19 Relief Grant and Loan Programs. All applications that have been submitted are currently being reviewed in the order received.
- Please visit our Emergency Relief Fund FAQ for any questions you might have about these programs. If you have other questions or concerns about these funds, please email firstname.lastname@example.org.
- The Maryland State Arts Council has created special grant opportunities that provide emergency funding to arts organizations and artists in Maryland. Learn more.
- The Maryland Heritage Areas Authority (MHAA) is requesting heritage tourism nonprofits apply for emergency operating matching grants of up to $20,000.
- The Maryland Agricultural Resource-Based Industry Development Corporation (MARBIDCO) has launched the Pandemic Adjustment Loan Fund Program to help Maryland's food and fiber producers, harvesters, and primary processors adjust to business disruptions. Learn more.
- The Maryland Business Relief Wizard is a tool that can help Maryland businesses quickly identify the state and federal relief resources they may be eligible to receive.
- Anne Arundel County has established a new grant fund to help small businesses prepare for re-opening. Read more. Anne Arundel County is also working to compile information about businesses and organizations impacted. Fill out this survey.
- Baltimore City has created a grant fund to assist local manufacturers with start-up costs related to the production of Personal Protective Equipment (PPE). Read more. They are also providing $15,000 grants to small business enterprises in certain commercial areas. Apply here.
- Baltimore County has announced $10 million in new grant funding for small businesses, as well as $100,000 for impacted artists, musicians, and performers. Small businesses can apply on the department’s economic and workforce development website starting May 11.
- The City of Brunswick has created a micro-grant program with a one-time award of $1,000 with no repayment due.
- Caroline County has received federal emergency grant funding for small businesses and non-profits.
- Carroll County is expanding its Small Business COVID-19 Emergency Relief Grant Fund by $250,000 to include those who are sole proprietors and home-based businesses. Read more.
- Cecil County is offering a new relief loan program called Cecil Catalyst. An application can be found here. They are also asking businesses to complete this survey.
- Charles County has created the COVID-19 Business Relief Fund to help local businesses during this pandemic.
- Harford County is providing two types of relief grants to small businesses and farm businesses. Learn more.
- Howard County plans to provide more than $5.7 million to businesses in need.
- Frederick County has created a $5 million Jump Start grants program for small businesses, micro businesses, and full-time farmers.
- Garrett County has launched the Kick-Start Grant Program to provide one-time support to small businesses and sole proprietors impacted by COVID-19.
- Kent County is offering nearly 80 emergency grants to small businesses worth $1,000 each. Learn more.
- Montgomery County has created an emergency grant program to provide $20 million in funding for those impacted by the pandemic.
- The Public Health Emergency Grant Program will provide grant funding up to $75,000 to small businesses and nonprofits. The county will also provide microgrants up to $2,500 to cover costs associated with purchasing teleworking equipment. Read more.
- The county also launched a program to reimburse businesses and non-profit organizations for expenses incurred implementing a telework policy.
- Prince George’s County is providing $15 million for the COVID-19 Business Relief Fund. Small businesses will have access to loans up to $100,000 and grant funding of up to $10,000. Read more.
- Queen Anne’s County has announced its Small Business Assistance and Recovery Fund to assist local businesses in need.
- St. Mary’s County is offering grants of up to $7,500 for small businesses and non-profits impacted by COVID-19 beginning June 2. Learn more.
- Washington County is offering new business stabilization grants of up to $10,000 for businesses in the county and in the City of Hagerstown. Applications will be accepted from June 1 through June 15.
The safety measures required by the COVID-19 pandemic have had a huge impact on small businesses in Massachusetts. Many have been forced to close or are dealing with a major decline in revenue. If your small business has suffered during this crisis, you may want to consider taking the following steps:
- Look for Grants and Loans
- Review Your Insurance Coverage
- Review Your Lease or Commercial Mortgage
- Consider Cutting Expenses
- Report Your Experiences and any Unfair Practices You Encounter to the Attorney General
- Free Legal Assistance for Small Businesses
There is a range of grant and loan programs for small businesses impacted by the coronavirus shutdown. Many of these are federal programs, and others are offered by private non-profits, corporations or other entities. Even if current funding for a program has been exhausted, additional monies may become available.
Local and State Based Private Grant and Loan Programs: Various organizations are creating programs to help small businesses and others. You should consider applying to programs that fit the profile of your business and your business needs. For instance, the U.S. Chamber of Commerce has created a Save Small Business Grant site and is accepting applications for $5,000 grants for small businesses that have fewer than 15 employees.
Additional Private Market Bank Loans: You may also be able to obtain a regular additional business loan to bridge your current financial needs. Local lenders have indicated they are available to work with business borrowers.
Crowdfunding: You may also want to consider using a crowdfunding site to obtain additional money for your business. These sites allow you to raise money from investors or contributors with certain limitations as to the size of the overall investment.
Free Legal Assistance for Small Businesses
You can also receive help from the COVID Relief Coalition, a group of Massachusetts non-profits, law firms, and governmental agencies of which the Attorney General’s Office is a part. The Coalition helps small businesses and non-profit entities in the greater Boston area with one-on-one advice about access to emergency loans and other sources of relief. The Coalition will also provide you with free pro bono legal advice from an attorney and should respond to your request for help within 24 hours.
Metro Community Development
Micro and small business loans ranging from $5,000 to $250,000 are available to Michigan small businesses in 13 counties, with an emphasis on business located in economically disadvantaged area.
Michigan’s State Trade Expansion Program
Through Michigan’s State Trade Expansion Program (MI-STEP), the International Trade team offers financial assistance for exporting activities to eligible Michigan small businesses, enabling access to global markets and buyers while increasing the dollar value of Michigan exports.
The MEDC International Trade Program has a new allocation of State Trade Expansion Program (STEP) funds available for eligible small business concerns. On September 12, 2019, the U.S. Small Business Administration (SBA) awarded Michigan the maximum state award of $900,000 in MI-STEP funds for FY20. With additional state match funding, total funds available are $2.1 million.
The program has three primary objectives:
- Increase the number of Michigan small businesses that export
- Increase the dollar value of Michigan exports
- Increase the number of Michigan small businesses exploring significant new trade opportunities
MSF Awardee Relief Initiative
The MSF Awardee Relief Initiative program authorizes emergency relief to businesses and community projects that have previously received grants, loans, or other forms of economic assistance from the Michigan Strategic Fund.
Capital Access Program
Michigan Economic Development Corporation works to increase the availability of capital for companies in Michigan at every stage of development. MEDC can help connect your business with capital providers – federal grants, venture capitalists, banks, and others – as well as offer programs that can expand the reach of those capital providers.
As small and medium-sized businesses across the state are negatively impacted by the COVID-19 outbreak, existing programs within Capital Access provide opportunities to access financing that may not otherwise be available. Any business that has been affected by COVID-19 is eligible to receive support through the Collateral Support and Loan Participation programs.
Pandemic Unemployment Assistance Program
Congress authorized a new Pandemic Unemployment Assistance program that covers those who do not qualify for regular Unemployment Insurance benefits, such as independent contractors and self-employed people. The program was authorized but must be created by the states, so Minnesota must build out this program before it can be implemented. More information will be available soon, however it could be several weeks before payments begin. We expect the program to begin making payments by the end of April 2020.
Minnesota Small Business Emergency Loan Program
Current loan requests have exceeded funding availability. Please visit this site regularly to learn if the legislature has made additional loan funds available.
Minnesota Small Business Emergency Loans are made through an approved lender. These loans are for $2,500 to $35,000 and at a 0% interest rate. There is a total of $30 million available for this program.
Minnesota Small Business Loan Guarantee Program
This program provides a 80% loan guarantee for loans up to $250,000 made by a qualified economic development lender within this program. This program is intended to incent the private market to make loans to small businesses and provides the guarantee for those loan dollars. The state is providing a loan guarantee of $10 million which is likely to leverage between $20 and $25 million in lending by private banks.
Unemployment Insurance Shared Work Program
The Shared Work program offers an alternative to layoffs for employers facing a temporary downturn in business. Administered by DEED’s Unemployment Insurance Division, the program allows employers to divide available hours of work among a group of employees instead of implementing a full layoff. These employees may then receive partial unemployment insurance benefits while working reduced hours. The purpose of Shared Work is to avoid a layoff, not to subsidize wages.
Back to Business Mississippi Grant Program
On May 20, 2020, Governor Tate Reeves signed SB2772 into law, establishing the Back to Business Mississippi Grant Program.
The grants will be used to help businesses in Mississippi with 50 or fewer employees recover from the economic impact of COVID-19, including operating expenses and salaries.
The Mississippi Development Authority soon will begin accepting applications on this site from small businesses. For a complete list of qualifications go to backtobusinessms.org/eligibility.
$2,000 grant from the Mississippi Department of Revenue
Small businesses across Mississippi that were forced to close to slow the spread of COVID-19 could see some financial relief. The state House and Senate approved the appropriation of $300 million for the small business relief package of the federal coronavirus disaster relief funds.
Of those total funds allocated, $60 million is set aside for businesses that were forced to temporarily close down under orders from state and local government. These businesses would directly receive immediate payments of $2,000 and would not have to apply for the money.
Businesses that fall under this program are gyms, barber shops, hair salons and dance studios. The Department of Revenue and the Department of Finance and Administration will administer this program.
The remaining $240 million will go to businesses that have faced an interruption in business from the virus. Additionally, $40 million of these funds will go toward minority-owned or disadvantaged businesses. These businesses will have to apply for the funds that would be available, which would range from $1,500 to $25,000. All of the funds would be available through grants and businesses would not have to repay the money.
The bill defines eligible businesses as having no more than 50 employees, being in good standing with the secretary of state’s office and having existed in the state as of March 1.
Governor Steve Bullock has extended the payment and filing deadlines for 2019 individual income taxpayers to July 15 in accordance with the new federal filing deadline.
Montana Business Adaptation Program, administered by the Montana Department of Natural Resources and Conservation
The Montana Business Adaptation Program will provide reimbursement for COVID-19 expenses related to keeping staff and customers safe – from the purchase of personal protective equipment to resources needed for staff to work remotely. Eligible small business must be Montana-based, employ 50 or less, have incurred eligible adaptation expenses since Feb. 15 due to COVID-19, and be in good standing with the Secretary of State or local tribal government. Nonprofit entities are eligible. Eligible expenses include costs related to communication, remote work equipment, cleaning supplies, tools to enhance social distancing and sanitation, travel and hotel costs related to quarantining workers. Total funding available is $20 million, the maximum reimbursement amount per business is $5,000. 1.800.755.6672.
Montana Department of Commerce, Montana Business Stabilization Program
The Montana Business Stabilization Grant program will provide working capital for small businesses to support payroll, rent, accounts payable, debt service and expenses related to shifts in operations in order to retain existing businesses, retain current employees or retain business viability for future re-employment. Eligible small business must be Montana-based, employ 50 or less, have sustained a loss of revenue since Feb. 15 due to COVID 19, and be in good standing with the Secretary of State or local tribal government. Nonprofit entities are not eligible. Total funding available is $50 million, the maximum award amount per business is $10,000. 1.800.755.6672
Governor’s Office of Economic Development, Montana Innovation Grant Program
The Montana Innovation Grant program is intended to help companies scale up, improve capabilities, or drive expanded distribution of products or services developed in response to COVID-19. Projects should demonstrate significant impact in improving public health, safety, and economic impact. Eligible companies include non-profit and for-profit businesses of less than 150 employees that have created an innovative product or service intended to directly confront the COVID-19 emergency. Applicants must have primary operations based in Montana, be in good standing with the Montana Secretary of State and must not be debarred from receiving federal or state funds. Total funding available is $5 million with a maximum award amount of $25,000.
Montana Department of Agriculture, Montana Food and Agriculture Adaptability Program
Grants are available to food and agriculture businesses to help increase community resilience amid the COVID 19 pandemic and other economic disruptions. The need for such innovations must be driven by the COVID 19 pandemic. Total funding available is $500,000, with a maximum application amount of $10,000. email@example.com
Montana Facility Finance Authority, Emergency Loan Program
The Emergency Loan Program makes short-term loans to eligible institutions at competitive interest rates during periods of declared emergency.
Montana Facility Finance Authority, Emergency Forbearance Program
The Emergency Forbearance Program is limited to current Direct and Trust Fund Loan clients of the Authority. The program can only be activated when the State or Federal government declares an emergency for all or part of the State of Montana.
Montana Department of Commerce, MicroBusiness Finance Program
Montana-based businesses with fewer than ten full-time equivalent employees and gross annual revenues of less than $1,000,000 can apply for a microbusiness loan up to $100,000 by contacting a MicroBusiness Development Corporation (MBDC).
Small Business Stabilization Grant
Small businesses and livestock producers across the state have been impacted by COVID-19, with many experiencing closures, occupancy restrictions, the loss of consumer traffic and decreased demand. This has translated into dramatic reductions in revenue. Small businesses and ag are the lifeblood of the Nebraska economy, and their continued survival and growth are paramount. The Nebraska Small Business Stabilization (SBS) Grant allocates $330 million in working capital to help cover operating expenses for Nebraska small businesses and livestock producers.
Workforce Retraining Initiative
The key to a thriving economy is a skilled workforce with ample opportunities to succeed. The Workforce Retraining Initiative allocates $16 million to help unemployed and underemployed Nebraskans acquire new or improved skillsets and obtain rewarding careers. DED will employ the state’s community college system, with its training infrastructure and connections to the business sector, to enable this workforce program to assist individuals whose livelihoods have been impacted by COVID-19.
Rural Broadband Remote Access Grant
Rural broadband access is essential to attracting, supporting and maintaining quality job creators throughout the state of Nebraska. But apart from being an indispensable business commodity for the 21 st century, high speed internet enables important opportunities such as remote work, telehealth and education, entertainment, telecommunications and other quality of life amenities that create thriving communities. The Broadband Grant allocates $40 million to provide broadband to unserved and underserved communities in Nebraska, supporting the mission to increase the state’s overall connectivity.
Gallup Business Leadership Training Grant
The Gallup Business Leadership Training Grant program is designed to provide Nebraska business leaders with the training to achieve organizational goals and drive organic growth through human development. Management teams will participate in a 30-week online course to learn techniques for leading teams through unprecedented challenges while preparing for a strong future. The program allocates $1 million to enable senior managers to complete a comprehensive training program offered by Gallup.
City of Las Vegas Business Preparedness Grant (Ongoing)
A new Business Preparedness Grant has been created by the city of Las Vegas using $4 million in CARES Act funds. To be eligible a business must have an active business license, three to 25 full-time equivalent employees and be committed to upholding all of the recommendations and/or comply with any mandates for reopening from the state of Nevada and the Southern Nevada Health District. Attempts will be made, so that 50 percent of approved applications are located within distressed census tracts and otherwise underserved areas. Grants will be a maximum of $4,000 and will need to go to fund expenses associated with personal protective equipment, facility retrofit for health and safety measures or other expenses reasonably needed to prepare the business for reopening or expanded reopening. Grant funds are available on a first come, first served basis and are awarded at the sole discretion of the city of Las Vegas.
Counseling & Training
If you, like many Nevada small business owners, need a business counselor to help guide you through this uncertain time, you can seek guidance from a local Small Business Development Center (SBDC), Women’s Business Center (WBC), or SCORE mentorship chapter. These resource partners, and the associations that represent them, will receive additional funds to expand their reach and better support small business owners with counseling and up-to-date information regarding COVID-19. There will soon be a joint platform that consolidates information and resources related to COVID-19 in order to provide consistent, timely information to small businesses.
Business Finance Authority
Business loan programs administered by the BFA include small-business loan guarantees, the Capital Access Program, the Guarantee Asset Program, and the Working Capital Line of Credit Guarantee. In addition, the BFA offers finance programs designed to help local or regional economic development organizations recapitalize or expand to stimulate business movement to the state.
Community Development Finance Authority (CDFA)
Grants, Loans and Tax Credits to assist municipalities, nonprofits and businesses to meet their current and ongoing needs, up to $500,000.
NJEDA Emergency COVID-19 Relief Programs
The Administration is committing $50 million in CARES Act funding to the EDA to develop programs to support small businesses impacted by the COVID-19 pandemic. The funds will primarily be used to provide grants that will serve as a vital lifeline for the thousands of small businesses struggling during these unprecedented times.
A package of initiatives from the New Jersey Economic Development Authority includes a grant program for small businesses, a zero-interest loan program for mid-size companies, support for private-sector lenders and Community Development Financial Institutions (CDFIs), funding for entrepreneurs, and a variety of resources providing technical support and marketplace information.
Taken together, they will provide more than $75 million of State and private financial support, with the opportunity to grow to more than $100 million if additional philanthropic, State, and federal resources become available. The initiatives will support between 3,000 and 5,000 small and midsize enterprises and are meant to complement recently announced federal economic recovery initiatives.
Small Business Emergency Assistance Grant Program, Phase 1 – A $5 million program that will provide grants up to $5,000 to small businesses in retail, arts, entertainment, recreation, accommodation, food service, and other services – such as repair, maintenance, personal, and laundry services – to stabilize their operations and reduce the need for layoffs or furloughs. The NJ EDA will soon be using an additional $5 million to fund businesses that were waitlisted during Phase 1.
Small Business Emergency Assistance Grant Program, Phase 2 – $45 million in federal CARES Act funding will provide grants up to $10,000 to a significantly broader range of businesses than were previously eligible. Those applicants on the oversubscribed list are encouraged to apply for the expanded second round program. Applications will be available soon.
Small Business Emergency Assistance Loan Program – A $10 million program that will provide working capital loans of up to $100,000 to businesses with less than $5 million in revenues. Loans made through the program will have ten-year terms with zero percent for the first five years, then resetting to the EDA’s prevailing floor rate (capped at 3.00%) for the remaining five years.
NJ Entrepreneur Support Program – A $5 million program that will encourage continued capital flows to new companies, often in the innovation economy, and temporarily support a shaky market by providing 80 percent loan guarantees for working capital loans to entrepreneurs.
Small Business Emergency Assistance Guarantee Program – A $10 million program that will provide 50 percent guarantees on working capital loans and waive fees on loans made through institutions participating in the NJEDA’s existing Premier Lender or Premier CDFI programs.
Traditional NJEDA Programs
The NJEDA encourages businesses to explore the following programs.
Micro Business Loan Program: Through this program, the NJEDA makes financing of up to $50,000 available to for-profit New Jersey businesses, which can use the financing for working capital or to purchase equipment. To ensure that the financing is accessible to the early-stage and micro businesses that need it most, to qualify, a business must have annual revenues of less than $1,500,000 in the most current fiscal year and cannot have more than 10 full-time employees at time of application.
Small Business Fund: The Small Business Fund offers loans of up to $500,000 for qualifying creditworthy small, minority- or women-owned businesses in New Jersey with up to $3 million in revenue that have been in operation for at least one full year and may not have the ability to get bank financing. Not-for-profit corporations that have been operating for at least three full years may also be eligible for assistance under the Small Business Fund.
Direct Loans: Direct loans are available up to $2 million for fixed assets, and $750,000 for working capital. New Jersey businesses in need of financing and committed to job creation/retention may be eligible for direct loans through the NJEDA when conventional financing is not available. NJEDA’s direct loan financing offers competitive interest rates and terms.
Premier Lender Program: In partnership with two dozen banks throughout New Jersey, The Premier Lender Program offers up to a $2 million loan participation or $1.5 million loan guarantee for fixed assets, and up to a $750,000 loan participation or $1.5 million guarantee for term working capital. Line of credit guarantees of up to $750,000 are also available.
COVID-19 Business Loan Guarantee Loan program
The Economic Development Department (EDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19. EDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000. Loan proceeds are flexible and can be used for (and not limited to) the following: working capital, inventory, and payroll.
Lenders and borrowers can apply online, for more information contact EDD-Finance@state.nm.us, 505-469-6204 or firstname.lastname@example.org, 575-562-0327.
LEDA 0% Interest Loans through NMEDD
- Company must be a qualified entity (manufacturer, non-retail service business with more than 50% of revenue generated out of state)
- Limited to expenditures for land, building and infrastructure; can be used for lease abatement or mortgage assistance
- All loans will be required to provide security equal to the amount of the loan
- Contact your NMEDD Regional Rep.
If you are a larger organization which employs more than 40 employees, you may be eligible for the New Mexico Recovery Fund. Companies seeking a loan from the New Mexico Recovery Fund must meet the following four criteria.
- Have forty (40) or more New Mexico employees
- Demonstrate an intent to retain as much of the company’s headcount as possible over the life of the loan (with flexibility to allow for unforeseen business situations)
- Demonstrable negative COVID-19 economic impact (loss of customers, loss of revenue, etc.)
- Commit to spending at least 80% of loan proceeds in New Mexico (spending 100% of loan proceeds in New Mexico preferred)
The New Mexico Small Business Investment Corporation (NMSBIC), at its March 23, 2020 meeting, committed up to $25 million to its lending partners to assist New Mexico businesses that have been impacted by market disruption related to the Coronavirus (COVID-19) crisis.
Businesses should not contact the NMSBIC because it only provides capital to its lending partners, who in turn make individual loan decisions. To inquire about a loan, please contact:
- The Loan Fund: a nonprofit organization that offers business loans and lines of credit up to $500,000 throughout New Mexico. Visit www.loanfund.org. Call (505) 243-3196 or email@example.com.
- DreamSpring: a nonprofit organization that increases access to business credit, offers loans, and provides training throughout New Mexico. Visit www.dreamspring.org for details. Call (800) 508-7624 or firstname.lastname@example.org.
- LiftFund: a nonprofit organization, provides education and capital up to $500,000 to business owners and entrepreneurs in Southern New Mexico. Visit www.liftfund.com. Call (888) 215-2373 or email@example.com.
- Homewis: a nonprofit organization, provides business real estate loans up to $375,000 in Santa Fe and Albuquerque. Visit www.homewise.org. Call (505) 469-6195 or firstname.lastname@example.org.
Taxpayers will have until July 15 to file and pay any taxes due. The deadline for 2019 corporate income taxes also will be extended until July 15. In addition, the state is extending deadlines for employers to remit withholding taxes.
New York Forward Loan Fund (NYFLF)
The New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
For small businesses and nonprofits that are in industries and regions that have not yet reopened, you are encouraged to prepare your pre-application in advance.
- Small businesses and nonprofits must employ 20 or fewer full-time equivalent (FTE) employees;
- Small businesses must have gross revenues of less than $3 million per year;
- Nonprofits must provide direct services and have an annual operating budget of less than $3 million per year; and
- Have not received a loan from either SBA Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loan (EIDL) for COVID-19 in 2020.
Technical Assistance Programs for Businesses
- Business Mentor NY
- Entrepreneurship Assistance Centers
- New York Manufacturing Extension Partnership
- Procurement Assistance Program
- NYS-Certified Business Incubator and Innovation Hot Spot Program
North Carolina small businesses and family farms can receive a rapid recovery loan from state sources, to bridge the gap between the start of the crisis and the time when other sources of relief are available.
The North Carolina COVID-19 Rapid Recovery Lending program helps small businesses bridge the gap between when a crisis strikes and when federal loans, insurance payouts, and other relief funds are approved, or businesses have time to recover. NC COVID-19 Rapid Recovery loans are not designed to be a singular source of assistance for small businesses. Repayment of the loan is expected, either from more permanent funding sources that later come online or from the future cash flow from your business.
As of April 16, 2020, applications received for this program are in excess of the current funding available. Applications already submitted are being processed in the order they were received. Businesses are welcome to continue with an application, and it will be reviewed as additional funding becomes available.
As a business, your federal income tax filing due date has been automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest.
As a business, your state income tax filing due date has also been automatically extended from April 15, 2020, to July 15, 2020, mirroring the federal change.
Counseling and Advice
North Carolina’s small business service providers are here to help you navigate the COVID-19 situation in our state. This experienced group of organizations has a long history of helping businesses prepare for and then recover from disasters.
- Receive one-on-one counseling and professional advice and programming from the experts at the Small Business & Technology Development Center (SBTDC).
- Receive advice and access webinars, on-demand content, and articles from the N.C. Community Colleges’ Small Business Center Network (SBCN).
- If your business is at risk of laying off significant numbers of workers, consider participating in a consultation and assistance program designed to help minimize job losses.
- Public health guidance for businesses and restaurants is available.
North Dakota Department of Commerce is partnering with North Dakota Insurance Department to monitor the insurance industry to assess the impacts of COVID-19 on various types of insurance, individual companies, and consumers.
COVID-19 PACE Recovery (CPR) Program
The COVID-19 PACE Recovery (CPR) Program assists local financial institutions in providing low interest loans to support North Dakota businesses in their economic recovery due to negative impacts from the COVID-19 pandemic. Note: BND continues to work through the details for this program based on feedback. Website and fact sheet content will be modified as parameters are determined.
Small Employer Loan Fund (SELF)
The Small Employer Loan Fund (SELF) assists local financial institutions and certified development corporations (CDC’s) in providing loans to assist very small North Dakota businesses in their recovery from the negative impacts caused by the COVID-19 pandemic.
Aid for businesses with five or fewer employees via the Urban Renewal Authority
Businesses with five or fewer employees located within designated Urban Renewal Areas may apply for a grant at ocura-ok.org for up to $10,000 through the Urban Renewal Authority Small Business Grant Program.
Grant funds may be used for future payroll, rent or mortgage, utilities, business equipment, inventory, small business training, technical assistance and other necessary business expenses. Expenses paid or incurred prior to the award of the grant are not eligible.
Eligible businesses must:
- Have five or fewer employees (including the owner), including sole proprietorships.
- Be located in a designated Urban Renewal Area. There’s a link to a map at ocura-ok.org.
- Be owned by someone of low- or moderate-income as defined by the U.S. Department of Housing and Urban Development (HUD)’s CDBG guidelines; OR be located in a census tract where at least 51 percent of the residents are low- or moderate-income as defined by HUD’s CDBG guidelines.
- Have appropriate licenses and permits before funds can be disbursed. Businesses may apply for the grant without the necessary licenses and permits and as a benefit of the program, will receive help in obtaining them.
To apply for a grant, go to ocura-ok.org. The application can be downloaded, completed and returned by mail or email. Call (405) 604-6780 if you need an application by mail. The first review period will begin after close of business on May 25. Applications submitted after May 25 will be reviewed every two weeks until funding runs out.
Businesses who are temporarily closed due to COVID-19 will be granted Relief From Charges, and your tax rate will not be increased because of COVID-19-related claims.
The PA Department of Labor & Industry has programs to assist businesses impacted by COVID-19. The Shared-Work program can help keep employees attached to your workplace by allowing an employer to temporarily reduce work hours rather than resorting to layoffs. You can reach the Shared-Work team at email@example.com.
If you are a business that has had to close either temporarily, consider layoffs, or is financially at-risk for permanent closure our Rapid Response Team is available to assist you with a variety of services and resources. Please contact the team directly at RA-LI-BWPO-Rapid@pa.gov and a member of the team will be in touch within 48 hours.
Local Assistance Partners
Businesses have a vast network of services that they can contact to discuss the impact of the Coronavirus on their daily operations and the future of their business. DCED staff and local partner networks are available to help businesses through this challenging time. The following contacts and resources are available to assist affected businesses.
- PA Small Business Development Centers (SBDC) The PA Small Business Development Centers are the only statewide, nationally accredited program that provides high quality one-on-one consulting, training and information resources to empower new and existing businesses. he SBDC program is a public/private partnership with the U.S. Small Business Administration, the Pennsylvania Department of Community and Economic Development and 18 universities and colleges across the Commonwealth. Offices are conveniently hosted at 18 universities and their 90 outreach centers across Pennsylvania.
- Pennsylvania Business One-Stop Shop The Pennsylvania Business One-Stop Shop is a state government office equipped with knowledge, information, and resources for businesses both large and small. Serving as the first point of contact for Pennsylvania business development concerns, the team helps connect and guide businesses through all stages of development — from planning and startup to operating and expanding. Email: firstname.lastname@example.org
- Partnerships for Regional Economic Performance (PREP) The Partnerships for Regional Economic Performance network of trained and experienced business experts offer one-on-one counseling, specialized workshops, online training, and financial incentives to support the growth and resiliency of Pennsylvania businesses.
The State of Rhode Island is working to keep as many businesses open as possible, we are asking businesses operate within strict parameters to prevent the spread of COVID-19 and for non-critical retail, entertainment and other close-contact businesses to close.
Financial Institution Pledge
More than 20 financial institutions, from our state’s largest banks to our valued credit unions, have pledged to offer significant and much-needed relief to Rhode Island homeowners.
- 90-Day Grace Period for All Residential Mortgage Payments: Financial institutions will offer, consistent with applicable guidelines, mortgage payment forbearances of up to 90 days to residential borrowers economically impacted by COVID-19.
- No Negative Credit Impacts Resulting from Relief: Financial institutions will not report derogatory tradelines (e.g., late payments) to credit reporting agencies, consistent with applicable guidelines, for residential borrowers taking advantage of COVID-19-related relief.
- Moratorium on Initiating Foreclosure Sales or Evictions: For at least 60 days, financial institutions will not initiate foreclosure sales or evictions, consistent with applicable guidelines.
- No Fees or Charges: For at least 90 days, financial institutions will waive or refund at least the following for customers who have requested assistance- Mortgage-related late fees; and other fees, including early CD withdrawals (subject to applicable federal regulations and up to institution limits).
The State hopes that borrowers, upon receiving the relief from financial institutions, will provide similar assistance to their residential tenants during this difficult time
If you still have questions about your business, please call the Department of Business Regulation at 401-889-5550 or submit your questions online on the Department of Business Regulation’s website.
Tennessee Business Relief Program
On June 2, 2020, Governor Bill Lee announced the use of federal Coronavirus Relief Funds to assist Tennessee small businesses impacted by the COVID-19 crisis. Governor Lee has directed the Tennessee Department of Revenue to issue business relief payments through the Tennessee Business Relief Program to small businesses for costs incurred as a result of mandatory business closures.
The department will publish details about the Tennessee Business Relief Program payment amounts and timing on this website in the coming days. Tennessee businesses that were closed via Executive Order are encouraged to update their mailing addresses by logging into TNTAP at https://tntap.tn.gov/eservices.
This is a program to reimburse small businesses for costs incurred as a result of mandatory closures. Specific types of small businesses impacted by the crisis are eligible for a business relief payment through the Tennessee Business Relief Program.