COVID-19 Loan Options for Small Businesses
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Category Archives: COVID-19
Department of Agriculture COVID-19 Response
USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19
USDA Rural Development has taken a number of immediate actions to help rural residents, businesses, and communities affected by the COVID-19 outbreak. Rural Development will keep our customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America. Please bookmark this page and check back regularly as circumstances are changing daily and the width and depth of our responses to your questions and concerns will certainly increase.
Learn more here… https://www.rd.usda.gov/coronavirus
Small Business Owner’s Guide to the CARES Act
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.
This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
Congressman Kilmer’s team shared this resource for small businesses regarding the benefits available now that the CARES Act has been signed into law. Click here to access the 11 page PDF document on Google Drive. Continue reading
Help from the IRS in response to COVID-19.
The IRS posted this on Wednesday, March 25th, Filing and Payment Deadline Questions and Answers. These Q&As address the federal filing and payment extension to July 15 due to the COVID-19 (coronavirus) outbreak. These Q&As currently include information on the additional extension to Oct. 15, first quarter estimated tax payments, IRAs and HSAs.
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A new IRS.gov page that provides updates on mission-critical functions of the IRS. This page provides an overview of changes related to IRS operations and guidance for taxpayers during this period.
Kitsap Public Health District COVID-19 Resources and Updates
COVID-19 is spreading in Kitsap County. Everyone should take steps to protect their health and the health of those around them. Since information continues to change, here’s a link to the Kitsap Public Health District’s web page dealing with resources and updates for local residents.
If you or someone you know has symptoms, please look at this fact sheet…
Click to enlarge.
Congress Acts to Help Small Businesses
March 24, 2020
I know that these past few weeks have been challenging for many folks. The COVID-19 pandemic has undeniably impacted our economy, and this rings especially true for small businesses across our region. As someone who worked professionally in economic development before serving in Congress, I’ve always believed that small businesses are the backbone of our economy.
With that in mind, I strongly believe that Congress must take immediate action to support small business owners and their employees. I’ve taken action and wanted to share some helpful resources that small businesses like yours may find helpful.
As you may be aware, Congress authorized disaster loan assistance for small businesses in the first coronavirus response law. The U.S. Small Business Administration (SBA) provides low-interest, long-term disaster loans to small businesses, private non-profit organizations, homeowners, and renters to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. Continue reading
SBA To Help Small Businesses Impacted by Coronavirus (COVID-19)
Up to $2 Million in Disaster Assistance Loans
SBA Administrator, Jovita Carranza, issued the following statement today in response to the President’s address to the nation:
“The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make our economy the strongest in the world. Our Agency will work directly with state Governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by the situation. Additionally, the SBA continues to assist small businesses with counseling and navigating their own preparedness plans through our network of 68 District Offices and numerous Resource Partners located around the country. The SBA will continue to provide every small business with the most effective and customer-focused response possible during these times of uncertainty.”
Kitsap SCORE 