Businesses, organizations and municipalities must alter the way they do business during the State of Emergency. Please review the business operations guidance about what steps businesses and organizations must follow when operating during the pandemic.
Businesses can consider the following options for financial assistance as it relates to the COVID-19 pandemic:
- The Paycheck Protection Program (PPP) provides cash-flow assistance through loans to employers who maintain their payroll during this emergency. The U.S. Small Business Administration (SBA) is currently offering First Draw PPP loans (for first-time program participants) and Second Draw PPP loans (for certain businesses that have previously received a PPP loan).
- An Economic Injury Disaster Loan (EIDL) from the U.S. Small Business Administration (SBA) provides assistance to small businesses and nonprofits that are experiencing a temporary loss of revenue.
- The Shuttered Venue Operators Grant (SVOG) Program includes $15 billion in grants to shuttered venues, including live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives.
- Contact your lender and regional business assistance providers for alternative loan products and funding sources as well as access to free technical assistance for help navigating options currently available including:
- The Small Business Debt Relief Program could help assist to keep up with payments on your current or potential SBA loan.
- Businesses that have been severely impacted by coronavirus (COVID-19) may qualify for two Employer Tax Credits: the Sick and Family Leave Credits and the Employee Retention Credit.