Some relief is in sight for small business in Kane County.
Stay safe and stay OPEN! Learn and implement new ideas for your business during COVID-19 and resources that may mean the difference between closing your doors or keeping them open
Updated November 12, 2020
Kanab Area Chamber of Commerce –
follow their Facebook page for meeting times and updates
Our partners at the Salt Lake Chamber of Commerce have a comprehensive business resource list at www.slchamber.com/coronavirus that I wanted to share as well.
The U.S. Senate approved the Families First Coronavirus Response Act in a 90-8 vote on March 18, and President Donald Trump signed it into law a few hours later. The bill will provide free screening, paid leave and enhanced unemployment insurance benefits for people affected by COVID-19, the respiratory disease caused by the coronavirus.
SBA Disaster Assistance in Response to Coronavirus
Apply for disaster relief, the terms of the SBA loans are as follows:
3.75% interest rate for small businesses
2.75% interest rate for non-profits
Repayment terms of up to 30 years
To apply for SBA loans, please click the following link: https://www.sba.gov/funding-programs/disaster-assistance
- Small Business Administration (SBA) is instructed to provide loans to businesses and workers affected by coronavirus
- Pres. Trump requested a $50B congressional increase to the program
- The Treasury Department will defer tax payments to qualified individuals and businesses affected by the coronavirus
- Governor must request that the SBA declare an Economic Injury Disaster Loan declaration
- Loans up to $2M will be made available to small businesses and private non-profit organizations, with interest rates set at 3.75% and 2.75% respectively
- Loans may be repaid up to 30 years. Terms are determined on a case-by-case basis based on the borrower’s ability to repay
- Loans may be used to cover business operating expenses, including payroll
- For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com
EMPLOYERS – UNEMPLOYMENT INSURANCE
As an employer, if I need to shut down operations temporarily because of COVID-19 can my workers file for unemployment benefits? Yes.
Get additional help with via Rapid Response Workshop and FAQ by clicking on —-> this link.
EMPLOYEES – UNEMPLOYMENT AND WIC
How to Qualify for Paid Leave for Coronavirus
President Donald Trump signed legislation granting paid leave to those impacted by coronavirus. Do you qualify?