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Small Business

SBA Disaster Assistance:

If you are a small business owner, you can now apply for a Disaster Assistance Loan through the Small Business Administration. For more information, please visit here.

 

 

SBA COVID-19 Economic Injury Disaster Loan (EIDL)

  • This loan provides econoic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.

EIDL Advance and Supplemental Targeted Advance Programs

  • A program for the hardest hit businesses and proviate nonprofits, funds that do not need to be repaid.

Shuttered Venue Operators Grant (SVOG)

  • This grant provides emergency rental assistance for eligigble venues affected by COVID-19.

 

 

Tax Credits:

The U.S. Department of the Treasury and the Internal Revenue Service are offering small and mid-size employers more information on refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing their employees paid sick and family leave wages related to COVID-19.

The Families First Coronavirus Response Act (FFCRA),  gives businesses with fewer than 500 employees funds to provide employees with paid sick leave and family and medical leave related to COVID-19.

Eligible employers can receive a credit in the full amount of the qualified sick leave and family leave wages paid for between April 1, 2020, and December 31, 2020. 

Employers can be reimbursed immediately by reducing their federal employment tax deposits.  If there are insufficient federal employment taxes to cover the amount of the credits, employers may request an accelerated payment from the IRS.