Looking for information and resources on reopening? Go here

This page consists of the following 5 sections for Coronavirus Loans, Grants & Benefits for Businesses, Employees, Self-Employed, 1099's, NonProfits & others:

► SBA - U.S. Small Business Administration Disaster Relief Loans
► Two key Coronavirus Emergency Relief Loans: Emergency Injury Disaster Loan & Payroll Protection Program
► Massachusetts Assistance and Dept of Unemployment Resources
► Other Loans & Grants
► More Useful Resources

SBA - U.S. Small Business Administration Disaster Relief Loans

 Don't know where to get started? Latest Relief Options & FAQs for 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

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

Comparison of EIDL & PPP Relief Loans
SBA EIDL and Advance Program Reopened - New 6/15/2020
    • Offers $1000 per employee up to max $10,000 advance available as a grant
    • Economic Injury Disaster Loan Application 
► Payroll Protection Program (PPP)
    •  SBA has Extended the Deadline to Apply for the PPP Loan to August 8th, 2020NEW 6/7/2020​
    •  PPP Loan Forgiveness Application - Revised 6/16/2020
    •  PPP Loan Forgiveness Application Instructions - Revised 6/16/2020
    • 60 Questions Answered on the PPP Loan and Forgiveness Program, including the new H.R. 7010 Law - New 6/11/2020
    • Latest Changes to Relaxing PPP Loan Forgiveness Rules from Forbes - New 6/5/2020
    • Interim Final Rule on PPP Loan Forgiveness - Revised 6/18/2020
    • PPP Information for Borrowers - Details & FAQs
    • How to Calculate PPP Loan Amount by Business Type
    • SBA PPP Guidance on Laid-off Employees Who Refuse to be Rehired
    • Treasury Small Business PPP Tools and Policy Issue Updates
    • SBA and Treasury FAQ's defining PPP compliance - updated 5/13/2020
    
Treasury Interim Final Rule on Loan Increases (incl. seasonal businesses) - updated 5/13/2020
    • SBA Webinar - Update on COVID-19 and PPP (Password: 0q=913%=)
      – Text Response to Webinar Questions
    •  Available to Small Businesses, Independent Contractors, Self-employed persons, NonProfits & many more
    • Loan Application Form (Sample) - Available from SBA approved banks
    • Massachusetts Lender List
    • Payroll Protection Loan Application within QuickBooks - QuickBooks® Capital created an easy method to prepare applications for a PPP loan.

Massachusetts Assistance and Dept of Unemployment Resources

   • Empowerment Grant for Small Businesses - Applicants Can Request up to $2,500
   • COVID-19 Resources and Guidance for Massachusetts Businesses
   •
WORKSHARE PROGRAM - Smart Alternative to Layoffs, Helping Companies keep Valuable Workers 
   • 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

Other Loans & Grants

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

U.S. Chamber of Commerce: Save Small Business Fund
► The Save Small Business Fund is a grantmaking initiative led by the U.S. Chamber of Commerce Foundation. The fund will offer $5,000 grants for employers across the country

NAV: Small Business Grant Contest
► NAV is giving grants to small businesses that tell a story of preservation and opportunity in the face of a past or ongoing challenge. Apply by May 30th

Facebook: $100M in Grants for Small Businesses
► Facebook is offering $100 million in grants to support over 30,000 small businesses in over 30 countries. Check if your small business is eligible

Other Useful Resources:

Reopening Resources to Help You Prepare for Your Industry 
     • One resource containing everything you need to plan for your reopening
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
► Tips from SCORE - Marketing during the COVID -19 Pandemic
IRS - Taxpayer Economic Impact Payments - Eligibility & Payment Status
► 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

 

Coronavirus Emergency Loans, Grants and Benefits for Small Business