The COVID-19 outbreak has impacted the whole country and world. Congress and federal agencies are working quickly to provide support for individuals and businesses. There are many unknown answers as to what will happen next with COVID-19. It is important to stay supportive and work together to make it through this challenging time. As quickly as information changes and updates, check back often for more details about Federal COVID-19 programs.
President Trump has extended the PPP program. The new deadline to apply for a PPP loan is August 8, 2020.
Signed by President Trump on June 5, 2020, the new PPP Flexibility Act provides flexibility towards small businesses with the PPP loan. Details of the new act include:
*As quick as details can change, this information may be revised. Please check back frequently as new information may be available. View guides below for more detailed information*
Download the PPP Forgiveness applications below!
The Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), signed by President Trump on March 27th, provided economic support towards individuals and businesses who were impacted by the COVID-19 outbreak. The Paycheck Protection Program (PPP) is intended to bring back unemployed workers and maintain payroll and expenses. The CARES Act also provides extended unemployment benefits. Download PPP guides here!
The FFCRA was the Phase II package developed and passed by Congress. This law supports the need for paid family and sick leave by providing flexibility to businesses under 500 that are impacted by COVID-19. FFCRA became effective April 1 and expires December 31, 2020. It is required that all employers provide these emergency paid leaves. Download the guides below to learn more about the FFCRA program.
The USDA has developed a guide that organizes funding opportunities identified in the CARES Act and other federal resources that can help support rural America. The matrix is organized by customer and assistance type.
The USDA-RD is providing assistance to help support rural residents, businesses and communities that have been affected by the COVID-19 outbreak. View their guide on their actions in regards to COVID-19 support. For more information about their immediate opportunities, visit their site!
Through the USDA-RD, this program offers loan guarantees to rural businesses and agricultural producers that are not eligible for USDA Farm Service Agency Loans. B&I CARES Act Program loans must be used as working capital to prevent, prepare for or respond to the effects of the coronavirus pandemic. The loans may be used only to support rural businesses, including agricultural producers, that were in operation on Feb. 15, 2020.
Farmers and ranchers that have been directly impacted by the COVID19 pandemic can apply for direct relief from the CFAOP program. This program provides financial assistance to agricultural producers that have suffered a 5% or greater price decline or have losses due to market supply chain disruptions.
The Save Small Business Fund is a grant-making initiative offering short-term relief for small employers in the US and its territories. Qualifying businesses must employ 3-20 people, be located in an economically vulnerable community, and financially harmed by COVID-19. All your business needs to apply is your business W-9 form. Due to overwhelming demand, the US Chamber of Commerce is unable to accept new applications.
The US Chamber of Commerce has developed a check list and guide for small businesses in regards to the CARES Act. This will help them through the process and answering their questions.
By accessing the Corporate Aid Tracker provided by U.S. Chamber of Commerce Foundation, you can view a large list of businesses that provide expertise and resources to assist with relief and containment efforts.
The Corporate Aid Tracker can be accessed in the button below. If you do not see your company would like to provide assistance and resources as well, please submit your information on the Corporate Aid Form.
U.S. Chamber of Commerce Foundation has developed downloadable information from the CDC in regards to how employers and employees can prepare and address the COVID-19 impacts. View downloads below:
Hosted by the U.S. Chamber of Commerce Foundation, this webinar features Dr. Nancy Messonnier from CDC and allows participants to learn about the impact of COVID-19 on the private sector and how companies should respond.
Congressman Roger Marshall has developed several handouts that provide information about provisions within the CARES Act, such as Business Tax Provisions, Unemployment Provisions, and Small Business Assistance. View his website for more details.
The Ways and Means Committee have compiled information that provide details on all Congressional COVID-19 packages, FAQs and current updates on Congress decisions.
The Committee on Small Business & Entrepreneurship created a comprehensive guide about the CARES Act for small businesses.