City and State COVID 19 Business Recovery Programs
This is a sample of reported city and state COVID 19 business recovery programs. Actual details need to gained from the cited governmental organization.
States
Alabama
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Alaska
Established the Alaska COVID-19 Emergency Business Loan Program to provide 100% state-guaranteed loans to Alaskan businesses for immediate relief and loan program will be administered by local banks and structured to meet Alaska’s unique needs.
Arizona
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Arkansas
Allocation of $4,000,000 from the Governor’s Quick Action Closing Fund, and an additional $3,000,000 from the Attorney General’s Consumer Education and Enforcement Fund for eligible companies may apply for a loan or loan guaranty of up to $250,000 with a prioritization for small to medium-sized companies that are in the supply chain of essential goods and services (including healthcare, food manufacturing, logistics) including both loan guaranties and direct lending to businesses.
Up to $12 million in CDBG assistance will be made available for COVID19 relief and recovery for grants to eligible local governments with which to provide direct economic assistance in the form of loans to companies impacted by COVID19 and grants to clinics, hospitals and other non-profits who are working hard to provide care in rural Arkansas and to vulnerable populations such as the homeless.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
California
California’s Infrastructure and Economic Development Bank (IBank) will issue loan guarantees up to 95 percent of the loan through its partner Financial Development Corporations to help small business borrowers who were impacted by disasters or public safety power shutoffs and who need term loans or lines of credit for working capital. Small businesses, including small farms, nurseries, agriculture-related enterprises and nonprofits that have suffered an economic loss Resources for Businesses and/or physical damage may apply, and this disaster program will help lenders and small businesses by providing loan guarantees of up to $1 million for small business borrowers in declared disaster areas; and
California’s IBank is offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program, IBank established the Jump Start Loan Program in 2016 as a small loan and financial literacy/technical assistance program designed for low-income small businesses in low-wealth communities, including businesses owned by women, minorities, veterans, people with disabilities and those previously incarcerated, and access to IBank’s Disaster Relief Loan Guarantee Program and Jump Start Loan Program can be made through its partner Financial Development Corporations (FDCs).
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Colorado
The Colorado Department of Labor and Employment (CDLE) published emergency rules which temporarily require employers in certain industries to provide a small amount of paid sick leave to employees with flu-like symptoms while awaiting COVID-19 testing.
If you work for a ski resort or other employer that closed or reduced your hours to help stop the spread of COVID-19, you can file or reopen an unemployment claim through the Colorado Department of Labor and Employment.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Connecticut
The Connecticut Department of Revenue Services has extended deadlines for filing and payments associated with certain state business tax returns, effective immediately, the filing deadlines for certain annual tax returns due on or after March 15, 2020, before June 1, 2020, are extended by at least 30 days, and the payments associated with these returns are also extended to the corresponding due date in June.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Delaware
Created Hospitality Emergency Loan Program to provide no-interest loans are capped at $10,000 per business per month to cover rent, utilities and other unavoidable bills but cannot be used for personnel costs, the loans have a 10-year term with payments deferred for nine months, the Delaware Division of Small Business will administer the program using existing state funds, and eligible businesses must have been in operation for at least a year, have annual revenue below $1.5 million and be in a certain hospitality-connected industries.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
District of Columbia
District of Columbia City Council created a small business grant program to assist nonprofit organizations and small contractors who do not qualify for unemployment insurance.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Florida
Florida Small Business Emergency Bridge Loan expanded for business owners with two to 100 employees located in Florida affected by COVID-19 for short-term loans up to $50,000, these loans are interest-free for up to one year and are designed to bridge the gap to either federal SBA loans or commercially available loans.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Georgia
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Hawaii
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Idaho
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Illinois
Illinois Department of Revenue is waiving any penalty and interest that would have been imposed on late Sales Tax payments from qualified taxpayers for taxpayers operating eating and drinking establishments that incurred a total Sales Tax liability of less than $75,000 in calendar year 2019.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Indiana
Indiana will align with the federal government to delay state income tax payments from April 15 to July 15 and penalties will be waived for 60 days for property tax paid after May 11.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Iowa
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Kansas
Hospitality Industry Relief Emergency fund provides eligible businesses in Kansas will be able to apply for a one-time loan of up to $20 thousand at 0% interest for a period of 36 months with be no principal or interest payments for the first four months.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Kentucky
Mirrored the federal government by delaying the tax filing deadline by three months from April 15 to July 15.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Louisiana
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Maine
Finance Authority of Maine and participating lenders will make special terms available to Maine-based businesses that have experienced interruption or hardship due to COVID-19, various benefits include: loans up to $50,000 offered at reduced interest rates; interest-only payments; up to 75% pro-rata loan insurance on loans up to $100,000; interim financing in conjunction with the SBA wherein FAME makes loan proceeds available while approved SBA borrowers await federal funding.
COVID-19 Relief Consumer Loan Program provides no-to low-interest consumer loans through a loan guarantee program involving Maine’s banks, credit unions, and FAME. Interested borrowers should contact their local bank or credit union (not FAME) to see if the lender is offering this program and to apply, the program offers loans of up to $5,000 (minus any unemployment benefits received by borrower) and a borrower may apply for up to three (3) loans, one per each 30-day period.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Maryland
Maryland business and individual income taxpayers will be given a 90-day extension for tax payments, no interest or penalty for late payments will be imposed if 2019 tax payments are made by July 15, 2020.
Comptroller extended business-related tax filing deadlines to June 1.
Businesses who paid their Maryland Sales & Use Taxes for March early may request a refund of their payment.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Massachusetts
Massachusetts offered tax relief that includes postponing the collection of regular sales tax, meals tax, and room occupancy taxes that would be due in March, April and May so that they will instead be due on June 20, all penalties and interest that would otherwise apply will be waived, businesses that paid less than $150,000 in regular sales plus meals taxes in the year ending February 29, 2020 will be eligible for relief for sales and meals taxes, and business that paid less than $150,000 in room occupancy taxes in the year ending February 29, 2020 will be eligible for relief with respect to room occupancy taxes.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Michigan
Michigan Small Business Relief Program provides both grants and loans to small businesses affected by the coronavirus starting on or around April 1, grants will be available in amounts of up to $10,000 to help cover working capital, loans will be available in amounts from $50,000 to $200,000 at interest rates of 0.25%, companies with 50 employees or fewer can qualify for grants, while loans are targeted at companies with 100 employees or fewer that can’t get credit elsewhere. In both cases, businesses must show income loss.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Minnesota
Restaurants, bars and other hospitality businesses impacted by the temporary closure order have a 30-day grace period in paying sales and use tax, during this time the Minnesota department of Revenue will not assess penalties or interest, this means that affected businesses with a monthly Sales and Use Tax payment due March 20, 2020 will have until April 20 to make that payment, and these customers should still file their return by March 20.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Mississippi
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Missouri
Income tax payment deadlines for individual and corporate income returns with a due date of April 15, 2020, are extended until July 15, 2020, applies to all individual income tax returns, income tax returns filed by C Corporations, and income tax returns filed by trusts or estates, individuals and corporations will also include estimated tax payments for tax year 2020 that are due on April 15, 2020, and penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020.
Montana
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Nebraska
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Nevada
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
New Hampshire
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
New Jersey
New Jersey Economic Development Authority (NJEDA) has a portfolio of loan, financing, and technical assistance programs available to support small and medium-sized businesses.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
New Mexico
The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19. NMEDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000. Loan proceeds are flexible and can be used for (and not limited to) the following: working capital, inventory and payroll.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
New York
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
North Carolina
N.C. Department of Revenue will not impose a penalty upon individuals and businesses who do not pay their outstanding State income tax liability on tax returns due on April 15, 2020, so long as the taxpayers pay the tax due by July 15, 2020.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
North Dakota
Loans and equity investments are available to companies certified as primary sector under the North Dakota Development Fund, evolving Rural Loan Fund and the Venture Capital Program: up to $1 million, lower than market interest rate, can be in the form of a loan or equity investment, and funding can be used for working capital, equipment or real estate.
Rural Growth Incentive Program Emergency Loans-the Department may declare an emergency and make loans to “Essential Service Companies” that includes gas stations; pharmacies; grocers and, in some cases, restaurants in communities with less than 2,500 in population are eligible, requires a dollar-for-dollar match by the city, a community can apply for $25,000 to $75,000 in matching funding, and loan terms are based on individual needs.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Ohio
Ohio is allowing businesses to forgo workers’ compensation payments for March, April and May in an effort to inject $200 M into the economy.
Ohio granted the Ohio Department of Job and Family Services (ODJFS) with the authority to accept and grant requests for unemployment compensation suspending the normal 1-week waiting period and give relief to applicants who are not offered paid leave through their job, as well as those who have been quarantined by a medical professional, their employer, or whose employers must temporarily close by exempting from the requirement that they be actively seeking work to gain unemployment benefits.
Ohio Department of Commerce is implementing a one-time liquor buyback option to support bars and restaurants closed by order of Governor DeWine.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Oklahoma
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Oregon
WaFD Bank Small Business Lifeline- bank is offering small business lines of credit up to $200,000 interest free for 90 days to businesses affected by Coronavirus (COVID-19), will expedite processing for lines of credit up to $30,000 to existing and new credit worthy clients in their regional market who have been in operation at least two years and can show a 10 percent loss in revenue due to the impact of Coronavirus.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Pennsylvania
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Rhode Island
For businesses, municipalities, K-12 and other entities, Microsoft is providing six months of Office 365 tools for free to enable remote collaboration, file sharing and video conferencing and they’re also offering free assistance to set up these tools.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
South Carolina
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
South Dakota
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Tennessee
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Texas
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Utah
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Vermont
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Virginia
Virginia Businesses impacted by COVID-19 can request to defer the payment of state sales tax due tomorrow, March 20, 2020 for 30 days, when granted, businesses will be able to file no later than April 20, 2020 with a waiver of any penalties, the Virginia Department of Taxation is extending the due date of payment of Virginia individuals and corporate income taxes, while filing deadlines remain the same, the due date for individual and corporate income tax will now be June 1, 2020, but interest will still accrue, so taxpayers who are able to pay by the original deadlines were encouraged to do so.
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Washington
Washington’s State Employment Security Department’s (ESD) Paid Family and Medical Leave program can provide paid leave benefits for Washington workers who need to take time off from work due to a serious health condition or to care for a family member with a serious health condition, and certification by a healthcare provider is required for applications for Paid Family and Medical Leave due to a serious health condition; and
If COVID-19 disrupts a Washington business and causes a mass layoff or closure, the Washington ESD and its local workforce development board partners can respond with Rapid Response services and funding to help impacted workers get connected to unemployment benefits and re-employment services, including re-training, worker support services, and referrals to other social services.
West Virginia
Small business impacted by COVID 19 without credit available elsewhere located in the state are eligible to apply for low-interest (small business 3.75 and nonprofits 2.75), long-term (up to 30 years based upon borrower’s ability to repay) loans for fixed debts payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact, of up to $2 M through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.
Wisconsin
Wisconsin Economic Development Corporation approved $5 million in funding for Small Business 20/20 that will provide grants of up to $20,000 to targeted businesses with no more than 20 employees to cover rent and to meet payroll expenses, including paid leave (including sick, family and other leave related to COVID-19).
Wyoming
Wisconsin Economic Development Corporation approved $5 million in funding for Small Business 20/20 that will provide grants of up to $20,000 to targeted businesses with no more than 20 employees to cover rent and to meet payroll expenses, including paid leave (including sick, family and other leave related to COVID-19).
Cities
Chicago
Chicago’s Small Business Resiliency Fund, starting March 31, small businesses in Chicago can apply for low-interest loans of up to $50,000 with repayment terms of up to five years, the amount of the loan you’ll qualify for depends on your revenues before business was affected by the coronavirus, applicants must demonstrate a 25% drop in revenue, have less than $3 million in revenue and fewer than 50 employees, and have no current tax liens or legal judgments.
Denver
Denver’s Small Business Emergency Relief program offers cash grants of up to $7,500 to businesses in industries particularly hard-hit by the coronavirus for small businesses that have lost the ability to operate, including restaurants, retail shops, barbershops and nail salons, grants will be distributed monthly, and the first applications will be due March 31.
Los Angeles
Los Angeles Small Business Emergency Microloan Program provides businesses and microenterprises in Los Angeles that are responsible for providing low-income jobs can get an emergency microloan of $5,000 to $20,000, loans with repayment terms of six months to one year carry an interest rate of 0% and five-year loans have interest rates of 3% to 5%, to get a loan, you must meet requirements including having “reasonable and responsible” individual credit history, committing to use the loan for working capital only and ensuring your business is located within the City of Los Angeles, and if you own 20% or more of the business, you must guarantee the loan, and Los Angeles has also instituted a moratorium on evictions of businesses impacted by the coronavirus through March 31.
New York City
New York City Employee Retention Grant Program offers small businesses with one to four employees a grant of up to $27,000 that covers 40% of payroll costs over the course of two months for companies that lost 25% of your revenue due to the coronavirus; and
New York City Small Business Continuity Fund is available for a business with fewer than 100 employees, you can get up to $75,000 in interest-free loans from the city to cover revenue losses, eligibility includes businesses within the five boroughs that have experienced at least a 25% reduction in revenue can qualify, with no tax liens or legal judgments, with a loss in revenue and able to repay the loan.
Portland
In Portland, small businesses in the Jade District and Old Town Chinatown neighborhoods can apply for emergency funding to support their businesses by March 23. Up to $190,000 total is available from local government sources. Priority will be given to Asian- and Pacific Islander-owned businesses.
San Francisco
San Francisco COVID-19 Small Business Resiliency Fund is offered for businesses with between one and five employees can apply for up to $10,000 in emergency funding to help cover rent and employee salaries, who lost 25% or more of their revenue, has less than $2.5 million in gross receipts and is properly licensed to operate in San Francisco, the city of San Francisco has also initiated a moratorium on evictions for small- and medium-sized businesses whose revenue has been affected by the coronavirus effective for 30 days starting March 17, and the mayor has the capability to extend it for another 30 days.