Access the Carson City Chamber of Commerceâs COVID-19 resource page: Preferred for personal liability protection, Complex entity with increased protections, Prevents others from registering your name, Review our customizable formation options, Manages all state and legal correspondence, IRS Tax ID used to identify your business, Outlines the rules that govern your business, Files your required report with the state, Use our templates to easily build a website, Side-by-side comparison of price & features. Prepare the following information before you apply: The deadline to apply for an Economic Injury Disaster Loan is September 30, 2020. How Long Does Coronavirus Live Outside the Body. OED continues to offer FREE assistance to small businesses and non-profits with their PPP loan and loan forgiveness applications, and has bilingual interpretation. For general inquiries, please email OED@seattle.gov or call 206-684-8090. Health and government officials are working together to maintain the safety, security, and health of the American people. Discover tips for safer gatherings and ideas for alternative ways to celebrate. English አማርኛ 繁體中文 简体中文 한국어 Soomaali Español Tiếng Việt. Find ways to contact us by phone and email along with other avenues to guiding you through our services. Call us at: 888-KEY4BIZ (539-4249). December 21, 2020. Up to 40% (previously 25%) of the loan amount can be spent on non-payroll costs, specifically rent, utilities, mortgage interest related to business on obligations in place prior to 2/15/20. SBA Express Bridge Loans; The Main Street Business Lending Program ; Traditional SBA Loans (not related to COVID-19) How to get help locally; Non-government grant options. As part of the Paycheck Protection Program, the federal government provided up to $659 billion in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Call 1-800-659-2955 | TTY/TDD: 1-800-877-8339 Monday - Sunday, 8 a.m. - 8 p.m. Our website uses cookies to make browsing convenient for you. Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can help small businesses meet financial obligations and cover operating expenses. SBA Lenders to the Rescue Banks deliver financial assistance backed by US Small Business Administration guarantees. By Phone: 1-800-659-2955 (TTY/TDD: 1-800-877-8339 ) By Email: disastercustomerservice@sba.gov. How do my employees file for unemployment? Add up total in line 5E from previous four quarters before crisis, and divide by 12 to get average monthly payroll. However, SBA will continue to provide first class ⦠CLICK HERE . In accordance with health precautions for the Coronavirus (COVID-19), the SBA will not establish a field presence to assist survivors. Alyssa Parks doesnât own a grocery store, even though the U.S. government thinks so. Forgot your password? Will be repaid in full or in part by proceeds from the EIDL loan. Neither the government nor lenders will charge small businesses any fees. The Economic Injury Disaster Loan (EIDL) is once again open to small businesses, unfortunately the loan advance of $1K,per employee up to $10K is no longer available. You may also experience a wait time while connecting to an interpreter. This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. OED is providing FREE technical assistance to small businesses and non-profits who would like to understand more about PPP and EIDL. Menu. The Small Business Administration's EIDL program offers long-term, low interest assistance for small businesses and non-profits affected by COVID-19. The Small Business Resource Center for COVID-19. Federal Contracting. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan. Here are four funding options from SBA to help you overcome the economic disruption due to the COVID-19 outbreak: Businesses and non-profits that have been impacted by COVID-19 are now eligible to apply for low‑interest working capital loans through the U.S. Small Business Administration (SBA) Economic Injury Disaster Loans program. The âSBAâ is offering grants just for small businesses affected by the coronavirus outbreak. If you have an existing loan with SBA, under the SBA Debt Relief program: The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020. These have been created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. You only need to fill out one of these applications. OED's programs are designed to: attract, welcome, and retain companies in traditional and emerging industries by promoting the advantages of doing business in Seattle, and providing one-on-one assistance to businesses; strengthen neighborhood business districts and support community-based economic development across Seattle, with special emphasis on low-income communities; assist large employers and small businesses to retain and grow Seattle's base of businesses and family-wage jobs; increase apprenticeship and training opportunities to ensure that Seattle will have skilled workers capable of meeting the region's current and future work force needs; and improve customer satisfaction for businesses accessing City services. Questions? This contains core information required by lenders and can help you understand what you need for the lender PPP application. Additionally, the icons below link to a fact sheet and news release providing more information about the SBA Economic Injury Disaster Loan and application process. Divide by 12 to get the average monthly payroll. PO Box 94708, Seattle, WA, 98124-4708 Fax: (206) 684-0379. SBA is now accepting new EIDL applications. List of SBA office locations Coronavirus (COVID-19): Relief options and Additional Resources ... Coronavirus (COVID-19): Relief options and Additional Resources. If you have questions about this application or problems providing the required information, please contact our Customer Service Center at 1-800-659-2955 or (TTY: 1-800-877-8339) ⦠OED provides technical assistance to businesses applying for SBA loans and understanding the CARES Act (Coronavirus Aids, Relief & Security). These funds are especially important to small businesses with small staffs since they can have greater non-payroll expenses. Add these costs to calculate total payroll for the year. The EZ application requires fewer calculations and less documentation for eligible borrowers. Translate SBA en español For Partners Newsroom Contact Us Register Log In. These loans are not provided directly by SBA, but through an approved lender. Collecting data online is the best way to get your application data to the SBA. Loans issued after June 5 have a maturity of 5 years. helpful phone numbers and emails for businesses to reach out to for additional information. Small Business Administration (SBA) Coronavirus (COVID-19) Guidance & Loan Resources The SBA offers a range of programs for emergency loan assistance and guidance for employers. Alternative funding options may be available. There are several companies taking the initiative to provide grants to small businesses during COVID-19. Take the following steps to calculate your average monthly payroll: 1. At least 60% of the forgiven amount must have been used for payroll. Loan payments will be deferred for six months. DISASTER LOANS INFO. Basic Overview: The SBA 7(B) EIDL Loans are low-interest, fixed-rate loans available to all businesses and private non-profits who show an economic impact as a result of disasters like COVID-19. This includes helping businesses navigate the application process and documentation. Small business owners and qualified agricultural businesses in all U.S. states and territories are currently eligible to apply. Clients using a TDD/TTY device: 1-800-539-8336. The the EIDL loan can both be accessed through the SBA Disaster loan Assistance site. No collateral or personal guarantees are required. At ZenBusiness, weâre working hard to support our customers during this difficult time. For more detailed information about forgiveness, see below under "What are the new PPP Loan forgiveness terms and how do I apply for loan forgiveness?". Deadline to apply for EIDL is September 30, 2020. The declaration covers Hennepin County and the adjacent counties of Anoka, Carver, Dakota, Ramsey, Scott, Sherburne and Wright in Minnesota. The SBA will pay the principal and interest of current 7(a) loans for a period of six months. Overview; SBA Solutions; SBA 7(a) and SBA 504; SBA Express; Additional Services; Small Business Administration (SBA) Financing Solutions . Welcome to the official federal resource website for U.S. small businesses affected by COVID-19 (Coronavirus). To help those suffering substantial economic injury due to the spread of COVID-19, Congress authorized SBA to offer up to $2 million in assistance per small business, with the option to obtain a $10,000 advance that would be disbursed within three days. For additional information, please contact the SBA disaster assistance customer service center. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. Dear SBA Customers, Vendors and Friends, We are all living through challenging and unprecedented times. For information on the status of your EIDL or PPP loan, contact SBA Office of Disaster Assistance directly at 1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov. Applications are currently closed, but you can. Coronavirus.gov: Information for the public from the Coronavirus (COVID-19) Task Force at the White House; Coronavirus Disease 2019 (COVID-19): The latest public health and safety information from the Centers for Disease Control and Prevention. Password. Call 1-866-720-5721 or email disaster@leo.gov to report fraud related to COVID-19. Below is key information to help you prepare for PPP application. For more information, please visit SBA. FAQs About Tax-Free Disaster Relief Payments During the COVID-19 Crisis. You cannot apply for EIDL Loans through SBA.com®. Access your SBA Economic Injury Disaster Loan Portal Account to review your application and track your loan status. The mission of the Office of Economic Development (OED) is to help create healthy businesses, thriving neighborhoods, and community organizations to contribute to a robust economy that will benefit all Seattle residents and future generations. What is the CARES Act? Applying for Unemployment under the CARES Act, Traditional SBA Loans (not related to COVID-19). CARES Act explained. These loans are available in amounts up to $150,000 dollars, but the amount a business will qualify for is dependent on the degree of economic injury sustained. Remote Hiring is Here to Stay. 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