Here are some helpful resources for Small Business Owners and Employees to help you through COVID-19
Local Resources
CUMBERLAND COUNTY COVID UPDATES:
CUMBERLAND COUNTY GIS COVID RESPONSE PORTAL:
Fayetteville Public Works Commission
- Suspended utility disconnections
- Waived late fees effective March 16
- Customer service (910-483-1382) for payment plans, arrangements
State Resources
NC GOVERNORS EXECUTIVE ORDERS:
https://governor.nc.gov/news/executive-orders
(NOTE: STATEWIDE STAY AT HOME ORDER WENT INTO EFFECT ON 3/30/2020)
Text 898211 and write COVIDNC to receive Coronavirus text alerts.
Unemployment:
Obtain a working knowledge of Unemployment Insurance changes:
The Frequently Asked Questions (FAQs) at:
https://des.nc.gov/need-help/covid-19-information
Website is www.des.nc.gov and the call center is 888-737-0259.
NC COVID-19 Rapid Recovery Loan Program
The Golden LEAF Foundation announces $15 million in funding to launch a rapid recovery loan program in response to economic losses related to Coronavirus (COVID-19). Golden LEAF funding will support the NC COVID-19 Rapid Recovery Loan Program by enabling loans to be made to eligible businesses for up to $50,000 with zero interest and no payments for six months. If not repaid in six months, the loan will automatically convert to a term loan. The NC COVID-19 Rapid Recovery Loan Program (https://ncrapidrecovery.org) is managed by the NC Rural Center,
a statewide nonprofit that has been supporting small business owners for more than 30 years. $15M loan pool to assist small businesses
- Register essential industries:
o https://www.manufacturednc.com/ [manufacturednc.com]
o https://hub.bio.org/ [hub.bio.org]
Federal Resources
The Small Business Administration (SBA) released a toolkit offering guidance for businesses and employers to plan and respond to Coronavirus. Just announced! SBA’s Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses and nonprofits to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Paycheck Protection Program:
Disaster Loans:
https://www.sba.gov/disaster-assistance/coronavirus-covid-19
Coronavirus (COVID-19): Small Business Guidance & Loan Resources:
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
NOTE: Your local banker and NCCEED (https://www.ncceed.org/community-resources/) can provide assistance with your SBA Loan.
CARES Act: Summary of Coronavirus Aid, Relief, and Economic Security Act
Senate Small Business Provisions:
Section by Section Summary of the Programs: https://higherlogicdownload.s3.amazonaws.com/SAVINGPLACES/UploadedImages/67a11cfb-d556-4219-8ce3-18bb19ba4bb7/Coronavirus/200325StimulusSmallBizSectionBySection-FINAL.pdf
➢ NOTE: Federal Income Tax filing and payment deadline has been extended to 7/15/2020.