Business Resources For Support During COVID-19

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Posted: March 25, 2020
Category: Uncategorized

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DSDC Staff will be updating this page regularly to reflect the rapidly evolving business environment and any new information that can assist you and your employees during these times.

SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)


SBA Disaster Loan Assistance Step by Step PDF

At the Governor’s request, the SBA granted a disaster declaration to small businesses across the state, allowing affected businesses to apply for low interest SBA disaster loans. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov [nam12.safelinks.protection.outlook.com]. Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 or 1-800-877-8339 or by emailing disastercustomerservice@sba.gov. Loan application forms can also be downloaded at www.disasterloan.sba.gov.

- Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities.

- 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 without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

- SBA offers loans with long-term repayments in order to keep payments affordable, 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.

Golden LEAF Foundation
The Golden LEAF Foundation has announced the NC COVID-19 Rapid Recovery Loan Program - https://www.goldenleaf.org/covid-19/. Businesses are eligible for bridge loans of up to $50,000 with six months of no interest and no payments. These loans are intended to support businesses until they are able to secure an SBA loan or other long-term assistance.

IRS Information
Businesses with less than 500 employees can get funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. To take immediate advantage of new paid leave credits, businesses can retain and access funds that they would otherwise pay to the IRS in payroll taxes. More on this and other IRS info related to COVID-19 outbreak at: https://www.irs.gov/coronavirus

Facebook Small Business Grants Program
Facebook is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses in more than 30 countries where it operates. Facebook will share more details as they become available. https://www.facebook.com/business/grants

Main Street America
https://www.mainstreet.org/howwecanhelp/resourcecenter/covid19resources

Main Street Grant
https://www.mainstreet.org/blogs/national-main-street-center/2020/01/16/the-future-of-shopping-small-grant-program

Statesville Chamber of Commerce
http://www.statesvillechamber.org/

Worker Resources - temporary layoffs and employment benefits


Unemployment: What to Know Before You Apply
https://des.nc.gov/apply-unemployment/before-you-apply


How to Apply for Unemployment in North Carolina
https://abc11.com/finance/covid-19-how-to-file-for-unemployment-in-north-carolina/6022054/

Apply for Unemployment
https://des.nc.gov/need-help/covid-19-information

General COVID-19 Resources


City of Statesville
https://www.statesvillenc.net/news/what_s_new/closings_-_changes_-_and_more

Iredell County

https://www.co.iredell.nc.us/1383/Coronavirus-COVID-19

Iredell County Health Department

https://www.co.iredell.nc.us/161/Health-Department


State Resources
The North Carolina Division of Public Health has established a call line at 1-866-462-3821 to address general questions about COVID-19 (coronavirus) from the public.

North Carolina Department of Health and Human Services: https://www.ncdhhs.gov/divisions/public-health/coronavirus-disease-2019-covid-19-response-north-carolina

General Resources
World Health Organization:  https://www.who.int/emergencies/diseases/novel-coronavirus-2019

Center for Disease Control: https://www.cdc.gov/

Additional Resources
Proper Handwashing: https://www.cdc.gov/handwashing/
Checking OSHA requirements: https://www.osha.gov/Publications/OSHA3990.pdf
Clean your car: https://www.wbtv.com/2020/03/24/how-should-you-clean-inside-your-car-stop-spread-coronavirus/
Cleaning your home: https://www.nytimes.com/2020/03/18/world/clean-home-coronavirus.html
Red Cross: https://www.redcross.org/about-us/news-and-events/news/2020/coronavirus-safety-and-readiness-tips-for-you.html
Stay Calm: https://www.nytimes.com/2020/03/18/smarter-living/coronavirus-anxiety-tips.html

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