COVID-19 RESOURCES & SUPPORT
We know many local businesses are struggling as they deal with the effects of COVID-19. This page was intended to provide you with resources, funding opportunities and policy developments. We will continue to compile relevant information and post updates as they are received.
SMALL BUSINESS ASSOCIATION COVID19 BUSINESS RESOURCE CENTER
The SBA is here to assist you during these unprecedented and difficult times. This page is being continuously updated with COVID19 information relevant to small businesses, including resources, videos, and links to additional material from various government agencies. Please reach out for no-cost assistance.
Here you will find information on all COVID-19 related programs that SBA is providing, including the Paycheck Protection Program, Economic Injury Disaster Loans and Emergency Grants, and Small Business Debt Relief.
COVID-19 ECONOMIC INJURY DISASTER LOAN
In response to the Coronavirus (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.
PAYCHECK PROTECTION PROGRAM
Provides small businesses, nonprofits, and other entities with zero-fee loans of up to $10 million based on average monthly payroll costs. Up to eight weeks of average payroll, mortgage interest, rent, and utility payments can be forgiven if the business retains its employees and their salary levels.
SBA CONNECTICUT DISTRICT OFFICE
ACTIVE SBA LENDERS IN CT - sba.gov/sites/default/files/resource_files/CT_Lenders_Fiscal_Year_2020.pdf
REQUEST BUSINESS NO-COST, PROFESSIONAL ADVISING - ctsbdc.com/request-advising
The Small Business Administration (SBA) and the Department of Treasury have begun releasing the information that will guide the programs created through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. To stay up to date on the implementation of these programs, please visit the following websites:
SBA – here you will find information on all COVID-19 related programs that SBA is providing, including the Paycheck Protection Program, Economic Injury Disaster Loans and Emergency Grants, and Small Business Debt Relief.
Department of Treasury – here you will find information on the Paycheck Protection Program, as well as other tax provisions meant to help employers, including non-profits.
To help small business owners and entrepreneurs better understand the new programs that will soon be available to them, we have created a comprehensive guide to many of the small business provisions in the CARES Act that was passed by Congress on March 27. These programs and initiatives are intended to assist business owners with whatever needs they have right now.
While these programs are being implemented, you may continue to use this guide as a source of information about the major programs and initiatives that will soon be available from the SBA and Treasury. Once complete guidance has been announced for all of the programs, we will update the guide to reflect that guidance. The SBA has released an 11 page business guide to help answer questions from businesses on how the federal CARES Act impacts available assistance.
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available. Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave.The effective date is APRIL 1. LEARN MORE
CONNECTICUT DEPARTMENT OF
ECONOMIC & COMMUNITY DEVELOPMENT
DECD's COVID-19 Business Emergency Response Unit: The Connecticut Department of Economic and Community Development (DECD) has created a COVID-19 Business Emergency Response Unit dedicated to assisting businesses navigate resources and develop new resources. A dedicated phone line is available at (860) 500-2333 or email the Joint Information Center at COVID19.JIC@ct.gov to provide assistance to Connecticut's small businesses for this purpose.
CONNECTICUT SMALL BUSINESS DEVELOPMENT CENTER
This page is being continuously updated with COVID19 information relevant to small businesses, including resources, videos, and links to additional material from various government agencies. Please reach out for no-cost assistance.
CONNECTICUT DEPARTMENT OF LABOR
The Connecticut Department of Labor has issued guidance for workers and employers navigating temporary closures or absences due to quarantine or COVID19-related illness.
FILE FOR UNEMPLOYMENT - ctdol.state.ct.us/UI-online/index.htm
FAQ COVID-19 FOR WORKERS & EMPLOYERS - ctdol.state.ct.us/DOLCOVIDFAQ.PDF
ACTIVE SBA LENDERS IN CONNECTICUT - PDF
In addition to free mentoring and online workshops, SCORE is collecting resources to answer your critical questions during the COVID-19 pandemic—and afterward. SCORE is a 501(c)(3) nonprofit organization and a resource partner of the U.S. Small Business Administration (SBA). Thanks to this generous support from the SBA and because of the selfless contributions of our more than 10,000 dedicated volunteers, most offerings are of no cost.
WOMEN'S DEVELOPMENT COUNCIL
WBDC is working closely with state and federal leaders to support small businesses and their employees. Updates includes regulatory changes for employers and workers with the Department of Labor, tax changes with the Department of Revenue Services and more.
METO HARTFORD ALLIANCE
The MetroHartford Alliance is monitoring information regarding COVID-19 and compiling a list of resources available to you and the community. Use this information to help guide you through this time.
We continue to update and compile relevant information as it is received. Having something to add? Please submit your suggestions using our online form. Thank you!
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