You're invited to our first ever Virtual First Friday Coffee! You will need to download the Zoom software https://zoom.us/ you do not have to create an account. We hope you can join us!
Rachel Casey is inviting you to a scheduled Zoom meeting.
Topic: Virtual First Friday Coffee
Time: Apr 3, 2020 07:30 AM Eastern Time (US and Canada)
Join Zoom Meeting
Meeting ID: 112 322 202
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Meeting ID: 112 322 202
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Hello Everyone - In case you did not see via social media, this SBA webinar has been rescheduled for April 7th, from 10:30-11:30am due to changes to SBA programs as a result of the stimulus bill. The link and call-in number will not change. If you have any questions, feel free to reach out to me directly at my email: email@example.com. Thank you.
If your business may qualify for the Small Business Association’s Economic Injury Disaster Loan Program, we encourage you to join a webinar with Alex Kohls of the SBA’s Columbus District Office on Tuesday, March 31 from 10:30 to 11:30 a.m. The purpose of this webinar is to walk through the Economic Injury Disaster Loan Program, review the application process, and answer any questions. Here is the link to join the meeting and post questions: https://www.uberconference.com/mshimp. The dial-in conference number is (937) 314-3034. No PIN needed.
AND if you are a Champaign County business owner and you haven't filled out the CEP's Business Impact Survey yet, please do so by April 1st at 5pm.
Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) published its first round of implementation guidance pursuant to the Families First Coronavirus Response Act (FFCRA). The guidance addresses critical questions such as:
The initial WHD guidance is available in three-parts:
Join Montrose Group for a webinar on Mar 27, 2020 at 10:00 AM EDT.
Companies and nonprofits impacted by COVID 19 cannot survive or thrive without adequate capital. To position these companies and nonprofits for success, the Montrose Group is hosting a webinar on Friday, March 27, 2020 at 10am Eastern time to review with national experts COVID 19 Small Business Finance Options. Topics to be discussed include the Small Business Administration $50B Economic Injury Disaster Loan Program, other SBA programs and COVID 19 state loan programs from over a dozen states. Michael Kinninger, Executive Director of the Ohio Statewide Development Corporation, and the Montrose Group team will outline not just what small business financing programs are available but how companies can access this funding from federal and state government sources.
After registering, you will receive a confirmation email containing information about joining the webinar.
Coronavirus (COVID-19) Assistance
If you are inquiring about Coronavirus (COVID-19) assistance, the U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses in designated areas suffering substantial economic injury as a result of the Coronavirus (COVID-19).
As of March 21, 2020, small businesses located in all 50 states, the District of Columbia, and the U.S. territories of American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the Virgin Islands are now eligible to apply for SBA Disaster Assistance.
If your business was economically impacted by Coronavirus (COVID-19) you may apply online at https://disasterloan.sba.gov/ela. If you are unable to apply online, you may download an application at https://disasterloan.sba.gov/ela, under the Loan Information tab.
Completed applications should be mailed to:
U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155
To find the latest information related to the Coronavirus please continue to check our website at sba.gov/disaster.
Additional information about our Economic Injury Disaster Loans:
• SBA’s Economic Injury Disaster Loans offer up to $2 million for working capital to help support small businesses overcome the temporary loss of revenue they are experiencing.
• These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses and 2.75% for non-profits.
• SBA offers long-term loans up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
• SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
Tips for completing an application
Some tips they said were to save your application number. It will populate as you are completing the application. Write it down and save in your files for future reference. You will receive an email once the application is submitted and it will have your information as well.
The loan is for “economic injury” that is being felt by the Covid-19 crisis. On the application you will see a drop down box asking why you are applying for the loan, this needs to be listed as “disaster declaration”.
If you have any additional questions, please feel free to reach back out to us via email, or call our Customer Service Center at (800) 659-2955. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.
In response to the continuing COVID-19 crisis, we have compiled a list of resources that may be helpful for business and employees as we continue navigating our present reality. Given the pace of change, this list is not exhaustive, but we will attempt to keep it as current as possible.
STATE OF OHIO
Bureau of Workers’ Compensation
Small Business Administration (SBA)
How to apply for assistance
Simply click here to fill out and submit the online application on SBA’s website.
** Please note, businesses need to check “economic injury” so that the form works. Then it should work even with a city listed.
More about SBA Disaster Recovery Loans
SBA provides low-interest disaster loans to small businesses, agricultural cooperatives, aquaculture enterprises and nonprofits affected by disaster to help meet working capital needs or normal business operating expenses through the recovery period. Businesses are eligible for these loans regardless of whether or not they have suffered property damage. The maximum loan for any combination of property damage and/or economic injury is $2 million.
Below are links to a variety of additional disaster assistance information provided by SBA:
We’re here to help.
If you have questions or need assistance, pleased do not hestitate to contact us.
Executive Director, OSDC
Ohio Statewide Development Corporation
614-481-3214 / firstname.lastname@example.org / www.osdc.net