We understand the economic impact of the COVID-19 outbreak is unknown and changing quickly. As we work with our lawmakers, we want to be prepared with the best information possible to ensure our advocacy efforts are aligned with what our members need most during this challenging time.
COVID-19: For Businesses
>> The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, veterans’ organizations, and tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
- Top-line overview of the program
- Information for lenders
- Information for borrowers
- PPP New Lender Application Form (Federally Insured Depository Institutions, Federally Insured Credit Unions, Farm Credit System Institutions)
- Paycheck Protection Program – Interim Final Rule
- Paycheck Protection Program – Interim Final Rule on Affiliation
- Paycheck Protection Program – Applicable Affiliation Rules
- Find an eligible lender
- Frequently Asked Questions
Resources for Businesses:
Ohio Department of Health (ODH): Guidance for Screening Employees for COVID-19
Federal Reserve Board: Federal Reserve announces extensive new measures to support the economy
Centers for Disease Control (CDC): Interim Guidance for Businesses and Employers
U.S. Department of Labor: Families First Coronavirus Response Act (FFCRA) Information and Resources
Greater Cleveland Partnership (GCP): Emergency Funding Options for Businesses
Cuyahoga County: Business Damage Assessment Survey
*The U.S. Small Business Administration (SBA) has provided additional guidance regarding the $10,000 forgivable loan advance in accordance with the CARES Act. To be eligible for the $10,000 forgivable loan advance, businesses need to complete the new application that launched March 30 even if they have already competed one of the prior versions of the application or if the business has already been declined for a loan.
The U.S. Chamber of Commerce: Coronavirus Emergency Loans Small Business Guide and Checklist
**A special thanks to the National Small Business Association (NSBA) and Small Business Roundtable, among others, for this opportunity.
COMMUNICATION AND MARKETING
Dix & Eaton: COVID-19 Communications Resource Center