E-Alert #7 | COVID-19

Stay Connected. We are advocating for you.

CARES Act | SBA Small Business Loans

March 27, 2020 | Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides $376B in relief for American workers and small businesses. See SBA’s Local Assistance Directory for help.

April 6, 2020 | Federal Reserve will establish a facility to facilitate lending to small businesses via SBA's Paycheck Protection Program (PPP) by providing term financing backed by PPP loans.

April 7, 2020 | Secretary Mnuchin spoke with Congressional leaders to secure an additional $250B for small businesses.

Please note that the Small Business Loan Info Charts (image/PDF) below was corrected to reflect information based on the latest SBA, Interim Final Rule and is subject to change upon Agency's Final Rule, when available. Comments prior to the final rule may be submitted using the eRulemaking Portal.

Paycheck Protection Program (PPP)

PPP Information & Resources:

Overview | Loan FAQs

Application Form | Interim Final Rule

Find a Lender | Lender Facts | Borrower Facts

Economic Injury Disaster Loan Emergency Advance (EIDL)

Easy EIDL E-Application

Questions:1-800-659-2955 |

disastercustomerservice@sba.gov

SBA Express Bridge Loans

Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

SBA Debt Relief

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

U.S. DOL Paid Sick Leave Guidance | NFIB Fact Sheet

Families First Coronavirus Response Act (FFCRA) | U.S. DOL released the first round of guidance and required posters for new paid leave mandates enacted by Congress in response to the coronavirus crisis. Effective from April 1, 2020 through December 31, 2020.

Employer Fact Sheet | Employee Fact Sheet | FAQs

U.S. Chamber Small Business Guide

The U.S. Chamber of Commerce created Coronavirus Small Business Guide (available at uschamber.com/sbloans or PDF) to help small businesses, independent contractors, and gig economy workers file for a coronavirus relief loan.

Chamber Access & Services

Temporary & Restricted Office Hours by Phone and Email Only

8:00 a.m. - 5:00 p.m.

Phone: 210.344.4848 | Email: membership@northsacchamber.com