Small Business Resources

This will be updated as more resources become available

Below please find helpful resources for small business and entrepreneur relief options

On this page, you'll find:

FEDERAL RESOURCES

Apply for a Federal Disaster Loan from the SBA

The SBA is offering low-interest (typically less than 4%) federal disaster loans up to $2 million for small businesses affected by COVID-19.

Here’s what the Small Business Administration is saying:

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

Not all states are eligible at this time, but they are all applying, so please check in with your local news for updates if your state's disaster relief is pending. 

A list of areas eligible, and information on how to apply can be found here: SBA Disaster Assistance COVID-19

and here: COVID-19 Small Business Guidance Loan Resources

Full announcement can be found here: SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)

Apply for Unemployment Insurance

There are new options available for unemployment insurance benefits related to COVID-19.

From the Department of Labor:

The federal government is allowing new options for states to amend their laws to provide unemployment insurance benefits related to COVID-19.

For example, federal law allows states to pay benefits where:

  • An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work;
  • An individual is quarantined with the expectation of returning to work after the quarantine is over; and
  • An individual leaves employment due to a risk of exposure or infection or to care for a family member.

In addition, federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19.

For more information and to search the available UI programs, use the Unemployment Benefits Finder linked below and select your state: Unemployment Benefits Finder


UPDATE (March 30): Under the CARES economic relief package, EXPANDED UNEMPLOYMENT INSURANCE IS AVAILABLE FOR WORKERS.
This includes a $600 per week increase in benefits for up to four months, and now includes workers that are not usually eligible for unemployment insurance such as the self-employed, independent contractors and those with limited work history.  The new law also provides a 13-week extension of unemployment insurance.

Federal Government Disaster Relief

Find benefits you can access across federal government agencies in response to COVID-19 here: COVID-19 Benefits

CDC Resources

We recommend checking out this resource from the CDC with guidance for businesses on how to plan, prepare and respond to COVID-19: Interim Guidance for Businesses and Employers  and Coronavirus Response Toolkit

Mortgage Relief (if your bank supports it)

Many lenders are offering relief on repayment for those impacted by COVID-19. Please contact your mortgage lender to see if you qualify. Additionally, many areas have halted evictions and foreclosures for the time-being. Please check with your local government to see if you qualify for any of these options. 

Insurance Company ReSponses

Insurance companies are waiving copays and activating emergency plans to help patients receive access to prevention, testing and treatments related to COVID-19 - this is great information to share with your patients as they navigate this crisis. 

Health Insurance Provider Responses to COVID

 

STATE AND REGIONAL RESOURCES FOR SMALL BUSINESSES

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii (pending)

Idaho

Illinois

Indiana

Iowa

Kansas (PENDING)

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia (PENDING)

Wisconsin

Wyoming