Pandemic Support

Here is a list of resources for federal, state, and local government assistance programs that your business, or YOU as a business, may be eligible for. 

 

We will continue to monitor and update this page as new information and resources become available. 

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If you have have links to other resources please email them to ideas@weildco.com.  We welcome your contribution.

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FEDERAL RESOURCES

Coronavirus Aid, Relief, and Economic Security (CARES) Act,   See below for most relevant provisions for SMB customers:

• $350 billion allocated for Small Business Interruption Loans, which provide up to $10 million to businesses of fewer than 500 employees in order to make payroll and cover other eligible expenses.

• A portion of this loan will be forgiven if the business meets certain criteria around retaining employees. The amount that is forgiven will be calculated by comparing the number of employees for the 8 weeks following the beginning of the loan to the business's prior number of employees - this can be measured either by looking at an average of early 2019 or early 2020. The forgiven amount will also be decreased by any reduction in pay affecting any employee making less than $100,000, and whose pay was reduced by over 25%.

• For individuals, there will be a recovery rebate for individual taxpayers and enhanced unemployment insurance.

Economic Injury Disaster Loan Program, U.S. Small Business Administration (SBA) 

• The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19) in all U.S. states and territories.

• SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

• These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

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Paycheck Protection Program and other Loan Resources, U.S. Small Business Administration (SBA)

• The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

• Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

• Under the Paycheck Protection Program:

  • Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.

  • Loan payments will be deferred for six months.

  • If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.

• Self-Employment, 1099s, and the Paycheck Protection Program, Bench Online Bookkeeping Services for Small Businesses

• PPP Loans for 1099 Independent Contractors, SBA.com 

• Paycheck Protection Program Loan Forgiveness Application, U.S. Small Business Administration (SBA)

• 88 Small Business Grants for 2020, Finimpact

Federal Student Loan Relief, Department of Education

• COVID-related guidance: If you’re having trouble making payments, contact your loan servicer as soon as possible. If you have a federal Perkins Loan, contact your school. You can easily avoid the consequences of delinquency or default by staying in touch with your servicer or school.

• Your servicer or school can provide information about deferment or forbearance options that allow you to temporarily stop making payments on your loans. You may also be able to change to a different repayment plan that would give you a lower monthly payment.

 

INFORMATION RESOURCES

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Centers for Disease Control and Prevention (CDC)

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• CDC Home Page

• Statistics on COVID-19 in the US

 

World Health Organization (WHO)

 

• WHO Information and Guidance on COVID-19

• WHO COVID-19 Dashboard with live updates 

 

Federal Government - COVID-19 Webpage

 

FINRA - COVID-19 Guidance

 

SEC

 

• SEC COVID-19 Guidance 

• SEC Press Release on impacts of COVID-19 and regulatory relief

 

US Chamber of Commerce

 

• Coronavirus Small Business Survival Guide

• Everything You Need to Know About Coronavirus Federal Small Business Stimulus Aid Programs

• Emergency Loans Small Business Guide and Checklist

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US Department of Labor (DOL)

 

• DOL COVID-19 Guidance 

• DOL Occupational Safety and Health Administration COVID-19 Guidance 

 

US Small Business Administration (SBA)

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• US SBA Disaster Loan Assistance Dashboard

• Business Loan Program Temporary Changes; Paycheck Protection Program – Additional Eligibility Criteria and Requirements for Certain Pledges of Loans

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Investopedia

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• Government Stimulus Efforts to Fight the COVID-19 Crisis

• Paycheck Protection Program (PPP): What Is It and How to Apply

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Industrious

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• COVID-19 Business Assistance Resource Page

• Guide to Small Business Assistance offered by the CARES Act

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401K Withdrawals

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• Short Overview of Temporary Rules on 401k Withdrawals, Forbes

• Guide to Temporary Rules on 401K Withdrawals, Thomson Reuters

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Entertainment

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• Everything you need to know to stay healthy and entertained while stuck at home, CNET

• 100 things to do while stuck inside due to a pandemic, USA Today

• Creative ways to stay entertained while at home during the COVID-19 pandemic, ABC

• Giant list of things to do and watch with your kids during the pandemic, KUTV
   

US Senate Committee on Small Business & Entrepreneurship - Guide to the CARES Act 

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DLA Piper - Coronavirus Resource Center

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CreditCards.com - Guide to Financial Support Available to Self-Employed Individuals

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US Equal Employment Opportunity Commission - COVID-19 Guidance 

 

IRS - News Release on Tax Relief as a response to COVID-19

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Department of State - Guidance on travel amid the pandemic

 

America’s Small Business Development Corporation - Overview of the CARES Act and the resources available to small business

 

Forbes - List of Small Business Relief Programs 

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NY Times - FAQ on Stimulus Checks, Unemployment, and the Coronavirus Plan

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Pryor Cashman (Legal Firm) - Overview of loan and relief programs for small businesses impacted by COVID-19

 

National Institutes of Health - Guidance on COVID-19, Prevention, Symptoms, and News Updates

 

InsideCharity - Guidance on Relief Provided by the CARES Act for Nonprofits

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Center for American Entrepreneurship - Guide to the CARES Act with a Focus on the Paycheck Protection Program

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Chase Bank - COVID-19 Business Update​

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American Express - COVID-19: Government Advisories and Carrier Bans

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PayCor - CARES Act: What SMBs Need to Know

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While At Home - COVID-19 Resource Hub

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Visual Capitalist - Visual Breakdown of CARES Act Stimulus

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KPMG - COVID-19 Resilience Readiness Site

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Withum (Tax Advisory Firm) - State Economic Development Grants by State

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CALIFORNIA 

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• Jump Start Loan Program, California Infrastructure and Economic Development Bank 

• Tax Delay, State of California

• State Government COVID-19 Home Page, California State Government

• Disaster Assistance Offered to California Businesses, California Governor’s Office of Emergency Services

• Resource Guide for California Businesses During the Pandemic, California Chamber of Commerce

• State Government COVID-19 Home Page, California State Government

  Los Angeles

• COVID-19 LA County Response Fund, California Community Foundation

• Los Angeles City Small Business Emergency Microloan Program, Los Angeles Economic and Workforce Development Department

 

  San Diego

• Small Business Relief Fund, City of San Diego

 

  San Francisco

• San Francisco COVID-19 Small Business Resiliency Fund, San Francisco Office of Economic and Workforce Development

• Deferment of Business Taxes and Licensing Fees, San Francisco Office of Economic and Workforce Development

 

COLORADO

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• Directory of Relief/Loan Programs in Colorado, Colorado Office of Economic Development & International Trade

  Denver

• Denver Small Business Emergency Relief Program, Denver Economic Development & Opportunity Department

 

  Boulder

• Boulder County COVID-19 Home Page for Health / Well Being Guidance, Boulder County Government

• Boulder Chamber COVID-19 Small Business Relief Fund, Boulder Chamber

 

CONNECTICUT

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• Connecticut Mortgage Relief During COVID-19 Outbreak, State of Connecticut Department of Banking

• COVID19 CT Business Resource Center, Connecticut Small Business Development Center

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Fairfield

• Fairfield COVID-19 Relief Fund, Town of Fairfield Connecticut

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FLORIDA

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• The Florida Small Business Emergency Bridge Loan Program, Florida Disaster Loan Program

• Tax Assistance, Florida Department of Revenue

• Florida Executive Order - Mortgage Foreclosure and Eviction Relief, State of Florida, Office of the Governor

• FL COVID-19 Information and Resources, Florida Division of Emergency Management

• FL COVID-19 Business Disaster Revocery Assistance, Florida Small Business Development Center

 

ILLINOIS

  Chicago

• Chicago Small Business Resiliency Fund, City of Chicago

 

MARYLAND

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• Maryland Small Business COVID-19 Emergency Relief Loan Fund, Maryland Department of Commerce

 

MINNESOTA

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• Small Business Emergency Loan, Minnesota Office of Employment and Economic Development

• Tax Delay, Minnesota Department of Revenue

 

NEW JERSEY

• What New Jersey Employers and Businesses should Know about the COVID-19 Crisis, New Jersey Department of Labor & Workforce Development

• NJ Residential Mortgage Relief, New Jersey Department of Banking & Insurance

• Resources for NJ Non-Profits, Center for Non-Profits 

• NJ Economic Relief Package, New Jersey Economic Development Authority

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NEW YORK

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• Tax Relief, New York State Department of Taxation and Finance

• New York COVID-19 Home Page, New York State Government

• Executive Order – Temporary Suspension and Modification of Laws, Governor of New York

• New York Individual Rights During the Pandemic, New York State Government

• COVID-19 Relief for New York Businesses, New York Small Business Development Center

  New York City

• NYC Employee Retention Grant Program

• NYC Small Business Continuity Loan Fund

• NYC Small Business Continuity Loan Program

• NYC COVID-19 Data and Health / Well Being Guidance, City of New York

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NORTH CAROLINA

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• North Carolina COVID-19 Rapid Recovery for Small Businesses, Golden Leaf Foundation

 

OHIO

  Columbus

• Nonprofit Emergency Assistance Program, The Columbus Foundation

 

OREGON

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• Jade District-Oldtown COVID-19 Small Business Response Fund, Asian Pacific American Network of Oregon 

• Tax Relief, State of Oregon

 

PENNSYLVANIA

 

Pennsylvania Business Resources for Coronavirus, PA Chamber of Business and Industry

  Philadelphia

• Philadelphia COVID-19 Small Business Relief Fund, City of Philadelphia

 

TEXAS

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• Texas COVID-19 Home Page, Texas State Government

• Texas COVID-19 Electricity Relief Program, Public Utility Commission of Texas

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UTAH

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• Utah Small Business Assistance, Utah Governor's Office of Economic Development

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  Salt Lake City

• Salt Lake City’s Emergency Loan Program, Salt Lake City Economic Development

• Salt Lake City Business Resources for COVID-19, Salt Lake City Department of Economic Development

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VIRGINIA

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• Tax Relief, State of Virginia

• Emergency Layoff Aversion Assistance Program, Alexandria/Arlington Regional Workforce Council

 

WASHINGTON

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• Business Relief During COVID-19 Pandemic, Washington State Department of Revenue

• Neighborhood Small Business Relief Fund, Amazon

 

  Seattle

• Small Business Stabilization Fund, Seattle Office of Economic Development

 

WASHINGTON D.C.

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• Tax Relief, District of Columbia

 

WISCONSIN 

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• Small Business 20/20, Wisconsin Economic Development Corporation

 

PRIVATE PROGRAMS

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• Banking Industry Response, American Bankers Association 

• Facebook Small Business Grants Program, Facebook

• Zapier Small Business Assistance Program, Zapier

• Free Access to G Suite, Google

 

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This information is not final, subject to change, and meant for informational purposes only. Please note that nothing on this web page should be regarded as legal advice, and we encourage you to consult with your own advisers before making any business decisions. This information is solely presented as a convenience but is not meant to replace the advice of attorneys or other advisors. Furthermore, this information is provided on background and is not intended to be tax or accounting advice. Please consult with your tax attorney or accountant.