Small Business Covid-19 Resources
Congress just approved billions in emergency loans for small businesses — and borrowers who maintain or restore their payrolls may not have to pay back the loans.
Understanding the new Federal Package can be difficult, here is one of the best sources we have found to help you understand how it can be part of our business’s plan to address this crisis’s financial impacts. https://www.uschamber.com/co/start/strategy/cares-act-small-business-guide
Want to know how to apply? Check out the easy, step-by-step Small Business Coronavirus Emergency Loan Guide: https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf
At this time we recommend all businesses looking to seek Federal Assistance or Loans to contact their local bank or lender. The SBA’s 7a Loan Program (includes new forgivable loans) and the SBA Direct Disaster Loans are all tools at your disposal.
Additionally there now Payroll Tax deferments, a Paycheck Protection Program (basically a grant to help you keep or rehire employees), new tax tools, plus the date to file taxes has been moved to July 15th.
Always seek extra debt as a last resort – Many sources of help are out there please don’t be afraid to ask. Many local banks are offering extended credit, payment deferments, and other assistance that may be more beneficial than a disaster loan.
The Small Business Administration has good resources on their website: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
We are wishing you the best and here to help you. Please do not hesitate to reach out to us if you have questions! Main Street Beatrice, 402-223-3244, firstname.lastname@example.org