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 Disaster Loan Assistance
White House Press Release on 3/11/20 Speech
- 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
Small Business Administration Coronavirus Resources
- 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 disastercustomerservice@sba.gov
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.
https://jobs.utah.gov/ui/home/
EMPLOYEES – UNEMPLOYMENT AND WIC
If you have lost your job or had hours reduced, there is help. Click on these links —> for unemployment insurance benefits, and Utah’s WIC program.
How to Qualify for Paid Leave for Coronavirus
President Donald Trump signed legislation granting paid leave to those impacted by coronavirus. Do you qualify?