SUPPORTING CAMDEN COUNTY SMALL BUSINESSES
Supporting our local businesses has never been more important!! Under each heading is a link that will take you to our google page with a listing of businesses with their new hours of operation, links to their online store and/or to purchase gift cards. We are updating this as quickly as we have the information.
Information from the Georgia Chamber:
Small Business Administration Loan Program Summary
The Small Business Administration currently has two major loan programs in response to COVID-19. A business can apply for both Economic Injury Disaster Loan program and Paycheck Protection program IF there are different use of proceeds for each program. Funds from these loans cannot be comingled.
Detailed Summary of the Federal Stimulus CARES Act
The Georgia Chamber public affairs team has compiled a detailed summary of the three phases to the Federal Stimulus CARES Act recently approved and signed into law.
Information from the U.S. Chamber of Commerce:
Save Small Business Fund:
To extend a helping hand to small businesses suffering from the impacts of the coronavirus pandemic, the U.S. Chamber of Commerce foundation is working to provide financial relief through the Save the Small Business Fund. This fund is a key pillar of the U.S. Chamber's Save Small Business Initiative.
Georgia Department of Labor Expanded Rules and Resources
This week, the Georgia Department of Labor has issued several new rules to support employees across Georgia during the COVID-19 pandemic. The new rules alongside expanded user-friendly tools like the new Claims Status Dashboard and the single upload data entry for employers are crucial in this effort.
Employer Rights in Screening Employees for COVID-19
Information from the Small Business Administration (SBA):
Paycheck Protection Program (PPP)
This is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis.This program is for any small business with less than 500 employees. It also applies to non profits. SBA will forgive loans if all employees are kept on the payroll for 8 weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Economic Injury Disaster Loans and Loan Advance
In response to the COVID-19 pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
To apply for a COVID-19 Economic Injury Disaster Loan, CLICK HERE
Guidance for Businesses and Employers
This interim guidance may help prevent workplace exposures to acute respiratory illness including COVID-19, in non healthcare settings. The guidance also provides planning considerations if there are more widespread, community outbreaks of COVID-19.
Information from the Georgia Department of Labor:
New information for unemployment, mandatory filing by employers for partial claims, and reemployment services.
Filing for Unemployment
For information on individual claims, employer filed claims, and for general information.
Information from the U.S. Senate Committee on Small Business & Entrepreneurship
Small Business Owner's Guide to the CARES Act
This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as, some additional tax provisions that are outside the scope of SBA.
Information from the National Restaurant Association: Educational Foundation
Restaurant Employee Relief Fund
Through the restaurant Employee Relief Fund, the National Restaurant Association will provide grants to restaurant industry employees who have been adversely impacted by COVID-19, financially, whether through a decrease in wages or loss of employment. Applicants can start applying Thursday, April 2, 2020.