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Business Assistance

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Here is a variety of National, State and Local resources and relief options that focus on assisting the small business community during this unprecedented crisis.  Visit our Business Recovery & Reopening section to help you plan, prepare and fund your business' reopening.

The U.S. Small Business Administration (SBA) has developed the following temporary programs, in addition to traditional SBA funding programs, to assist in overcoming the challenges created by the COVID-19 pandemic.

20.10.21 SBA CARES Act Disaster Assistance Chart

List of lenders partnering with the Small Business Administration 

The Families First Coronavirus Response Act reimburses small to midsize employers through two refundable payroll tax credit programs designed to fully reimburse employers for the cost of providing COVID-19 leave to employees.

Treasury, IRS and Labor has launched the Employee Retention Credit that is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is available for businesses financially impacted by COVID-19.

Paycheck Protection Program (PPP) Loan Forgiveness applications are available for businesses that have met the eligibility guidelines and are requesting forgiveness on loans. For more information about Loan Forgiveness or to apply for the program, click here

The U.S. Small Business Administration (SBA) is accepting new applications for COVID-19 Economic Injury Disaster Loans (EIDL). The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19. Small businesses including agricultural businesses and non-profit organizations are encouraged to apply

The SBA also announced the Restaurant Revitalization Fund presenting a grant for new and existing businesses where patrons assemble for the primary purpose of being served food or beverage. This program provides funding equal to their pandemic-related revenue loss, up to $10 million per business and no more than $5 million per physical location. To learn more about the program, eligibility, qualified expenses, grant calculation, and the next steps, click here. 

The SBA is also preparing to accept applications for the Shuttered Venue Operators Grant for eligible businesses impacted by the COVI-19 pandemic. For more information on funding guidelines and eligible businesses, click here

For latest resources, guidance and insights to protect and assist American businesses, workers and families, visit the U.S. Chamber of CommerceJoin the webinars being offered to employers discussing their most pressing business problems, solutions and support.

 

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