CDC: Interim Guidance for Businesses and Employers
SBA: Small Business Guidance and Loan Resources
Score: Small Business Disaster Preparedness Resources
U.S. Chamber of Commerce: Combating the Coronavirus
FEMA: Emergency Business Continuity Plan (PDF)
WIPP: Policy Updates & Business Resources from Women Impacting Public Policy
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 trillion stimulus package aimed at addressing the impact of COVID-19. The CARES Act includes:
SBA Disaster Loans and Grants: An additional $10 billion in funding for SBA Economic Injury Disaster Loans (EIDL), with emergency grants of up to $10,000 to provide immediate relief for small business operating costs. LEARN MORE.
Paycheck Protection Program: A $350 billion loan program for small businesses and nonprofits to maintain existing workforce and help pay for other expenses like rent, mortgage, and utilities. LEARN MORE.
Debt Relief for existing SBA loans: $17 billion for the Small Business Administration (SBA) to cover 6 months of payments for small businesses with existing SBA loans, including 7(a), Community Advantage, 504, and Microloan programs. LEARN MORE.
On March 6, Congress passed a COVID-19 preparedness and response supplemental funding bill that designated COVID-19 as a disaster under the Small Business Administration (SBA) and provided $20 million to support the SBA’s administration of loan subsidies to small businesses of up to $2 million per loan. On March 27, Congress passed the CARES Act, adding $10 billion to the loan program and waiving or relaxing several loan eligibility requirements.
The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking 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. LEARN MORE.
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. We’ll share more details as they become available. LEARN MORE.
Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.
Thanks to a $2.5 million investment from Verizon, we are offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.
The current COVID-19 crisis has been a game changer for small businesses. To ensure Business for All, Hello Alice with the support of Verizon, Silicon Valley Bank, Ebay, and others is offering $10,000 emergency grants, being distributed immediately to small business owners impacted by this pandemic. LEARN MORE.
