COVID -19 Relief Options

CARES ACT FRAUD

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times. Be on the lookout for grant fraud, loan fraud, and phishing.

Read more here: https://www.sba.gov/document/report--sba-programs-scams-fraud-alerts

Download PDF

Updated 4/27/20 - Small Business Owner's Guide to the CARES Act


COVID-19 Economic Injury Disaster Loan (EIDL) - https://www.sba.gov/page/disaster-loan-applications

You apply directly to the SBA for this loan (https://covid19relief.sba.gov/#/) and initially only need to provide basic company and owner information to get the process started. After the application is processed, you will need to furnish additional information (such as tax returns, personal financial statements, projections, and liability schedules).

PPP and EIDL FAQ's (5/2020)

https://www.sba.gov/sites/default/files/2020-05/PPP_and_EIDL_Questions_Chart_Updated_042120_0.pdf


Paycheck Protection Program (PPP) - https://www.sba.gov/funding-programs/loans/paycheck-protection-program 

6/25/2020 - UPDATE - Frequently Asked Questions - FAQ #49 (Please note FAQs #12 and #20 have been revised).  Click HERE.

6/17/2020 - UPDATE - New EZ and Revised Full Forgiveness Applications:

      Click HERE for EZ Forgiveness Application

      Click HERE for Instructions to EZ Forgiveness Application           

      Click HERE for Full Forgiveness Application

      Click HERE for Instructions to Full Forgiveness Application

6/7/2020 - UPDATE - PPP Flexibility Act - Statement https://home.treasury.gov/news/press-releases/sm1026

5/19/2020 - UPDATE - Frequently asked questions for Borrowers and Lenders:  https://www.sba.gov/sites/default/files/2020-05/Paycheck-Protection-Program-Frequently-Asked-Questions_05%2019%2020.pdf

Find the application and more information here - https://home.treasury.gov/cares

You will need to work directly with your banker to facilitate this process.

SBA 7a Lender List https://www.sba.gov/sites/default/files/Most_Active_Nebraska_Lenders.pdf


Unemployment Resources


Paid Leave and Family Medical Leave - https://www.dol.gov/agencies/whd/pandemic

Starting April 1, employees affected by COVID-19 may be entitled to certain paid leave. Employers paying out this applicable leave are entitled to refundable payroll taxes to offset the cost of the leave.