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COVID-19 Information

 

Small Business Interruption Loans Under the Coronavirus Aid Relief, Economic Security Act (CARES Act)

Payroll Protection Program has some great links:

https://home.treasury.gov/system/files/136/PPP%20--%20Overview.pdf?utm_medium=email&utm_source=govdelivery

 

Small Business Guide and checklist  

Small Business loans and do you qualify?

Answers to FAQ Questions about the $2 Trillion Funding Package

https://www.sba.gov/funding-programs/disaster-assistance

 

With the Families First Coronavirus Response Act (FFCRA) going into effect today, here is where to go to get information and answers. To stay up to date, please visit our resource page found here: https://www.dol.gov/agencies/whd/pandemic.  As input and questions from the public are submitted, these resources are being updated regularly, so please visit often.  Also please feel free to call our toll-free information and helpline, available 8 a.m. to 5 p.m. (in your time zone) at 1-866-487-9243.

 

We know you are facing challenging times in this current health crisis. The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic.

On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven.

If you wish to apply for the Advance on your EIDL, please visit www.SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application.

Also, we encourage you to subscribe to our email updates via www.SBA.gov/Updates and follow us on Twitter at @SBAgov for the latest news on available SBA resources and services. If you need additional assistance, you can find your local SBA office and resource partners at www.SBA.gov/LocalAssistance. If you have questions, you may also call 1-800-659-2955

ASSISTANCE FOR AMERICAN WORKERS AND FAMILIES

In the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE.

ASSISTANCE FOR SMALL BUSINESSES

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.

For a top-line overview of the program CLICK HERE

If you’re a lender, more information can be found HERE

If you’re a borrower, more information can be found HERE

The application for borrowers can be found HERE

PRESERVING JOBS FOR AMERICAN INDUSTRY

The CARES Act assists eligible businesses looking for payroll support to keep Americans working. For more information, CLICK HERE.

 

 

The first is from the United States Chamber of Commerce, the second is for the SBA site, and the third is specific for Minnesota.

https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

https://mn.gov/deed/business/financing-business/deed-programs/peacetime/

 

Different banks are sending us information, check with your local banks, when we have information from local banks, we will place links below.

https://www.oldnational.com/coronavirus-resources-for-business

 

CARES Act Mortgage Forbearance: What You Need to Know

https://www.consumerfinance.gov/coronavirus/cares-act-mortgage-forbearance-what-you-need-know/

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