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State and Federal Agencies:
- The recently passed CARES Act contains a lot of information relevant to small business owners and entrepreneurs. Please consult this handy guide from the US Senate Committee on Small Business and Entrepreneurship answering all questions pertaining to the bill, including how/when you can expect help.
- Through the SBA, the Federal Government provides low-interest disaster loans to help businesses and homeowners recover from declared disasters (including COVID-19). For information to see if you qualify and how to apply, please visit the SBA’s website or call (800) 659-2955.
- The State of Florida, through the Department of Economic Opportunity and the Division of Emergency Management, has established FloridaDisaster.biz to coordinate state and federal actions to provide immediate and short-term assistance to businesses. If your business has or is being been affected by COVID-19, we are encouraging all business owners to fill out the Florida Business Damage Assessment Survey, as this is the main tool to inform and communicate where governmental resources will be allocated should and when they become available. This also serves as a way for the corresponding agencies to reach out when and if resources become available in your area.
- Note the IRS has remarked to be aware of scams in relation to stimulus checks and tax proceedings. Please see updated information on their website, and stay safe!
December 12th 2020 update:
The U.S. Small Business Administration released a new simpler loan forgiveness application for the Paycheck Protection Program (PPP) loans of $50,000 or less. The new application removes calculations required on prior forms and simplifies documentation requirements.
Contact your loan provider to see if they are accepting forgiveness applications using the simpler application.
SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020. SBA will continue to process all PPP forgiveness applications in an expeditious manner.
Click here to view the simpler loan forgiveness application.
Click here to view the instructions for completing the simpler loan forgiveness application.
Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.