Board of Health (508) 862-4644 health@town.barnstable.ma.us

Assistance for Businesses and Employees – Loans and Benefits available during the Coronavirus Crisis

SBA – U.S. SMALL BUSINESS ADMINISTRATION
 Don’t know where to get started? Latest Relief Options & FAQs (4/6/2020) SBA’s disaster programs spelled out in just a few clicks
 Coronavirus Loan and Debt Relief Options
 Recommended – Sign up for SBA Email alerts to all developments
Get Local SBA Assistance at Massachusetts District Office – Call 800-659-2955, Email: massachusettsdo@sba.gov

NEW – Main Street Lending Program
► Supporting small and mid-sized businesses that were in good financial standing before the crisis by offering 4-year loans to companies employing up to 10,000 workers or with revenues of less than $2.5 billion.

Two key Coronavirus Emergency Relief Loans: Emergency Injury Disaster Loan (EIDL) & Payroll Protection Program (PPP)

► Comparison of EIDL & PPP Relief Loans
► Economic Injury Disaster Loan Emergency available from SBA (EIDL)
• Offers $10,000 advance now available as a grant
• Economic Injury Disaster Loan Application
► Payroll Protection Program (PPP)
• PPP Information for Borrowers – Details & FAQs
• More FAQ’s defining PPP compliance
•  Available to Small Businesses, Independent Contractors, Self-employed persons, NonProfits & many more
• Loan Application Form (Sample) – Available from SBA approved banks
• Massachusetts Lender List

Massachusetts Assistance and Dept of Unemployment Resources

   • COVID-19 Resources and Guidance for Massachusetts Businesses
• Frequently Asked Question about COVID-19: Employee Rights & Employer Obligations

   • Benefits & Filing Claims
• Additional $600/week available under FPUC Unemployment Program
• Self-Employed & Independent Contractors eligible for up to 39 weeks Unemployment under PUA Program Assistance
• Up to 13 weeks Unemployment Extension possible under PEUC Program
   • Sign up for a town hall presentation on applying for unemployment assistance

More Useful Resources

► BUSINESS OWNERS GUIDE to the CARES Act – includes details, Q&As for:
     • Paycheck Protection Program (PPP) Loans
     • Economic Injury Disaster Loans & Emergency Economic Injury Grants
     • Small Business Debt Relief Program
     • Small Business Tax Provisions
► 12 Things You Can do Now to Help Save your Business from COVID-19
► A Way Forward for Small Businesses – Harvard Business Review
• Five recommendations based on key findings for navigating the COVID-19 Crisis

SCORE’s Online Support Is Available via Video Conference, Phone or Email

The health of small business owners, their employees and the SCORE network of volunteers remain our top priority.  In the wake of recent developments relating to COVID-19, SCORE is temporarily suspending in-person events until further notice.  However, continued support is fully available and mentoring can be scheduled by Video Conferencing, Phone or Email.  Get Help Applying for an SBA Loan – Call SCORE at 508-775-4884 or contact online