Small Business Financial and Operating Resources
This past weekend, the U.S. Federal Reserve Bank announced the creation of the new Main Street New Loan Facility to facilitate lending to small and mid-sized businesses by eligible lenders. This loan program is not yet accepting applications; anticipated loan application opening is month end. Interested businesses should contact their financial representative to learn more about the detailed eligibility of this program. Click here for more information.
Federal Paycheck Protection Program. There's lots of info from the Small Business Administration and U.S. Treasury about the new Paycheck Protection Program (PPP) from the CARES Act, including a Program Application Sample Form. Click here for the most up-to-date information on the SBA website.
Click here for small business disaster loan assistance
Click here to search for small business resources through the Small Business Admin website
Stimulus Check Information: Click here for the most up-to-date information.
The Economic Injury Disaster Loan (EIDL) is a forgivable advance and loan program offered through the SBA, to be utilized for fixed debts, payroll, employee benefits such as health insurance, and other expenses that cannot otherwise be paid as a result of COVID-19.
- Eligibility: “Small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.”
- Application: Click here for the ECONOMIC INJURY DISASTER LOAN APPLICATION
Governor DeSantis issued a "Phase 1 of the Safe. Smart. Step-by-Step." plan for Florida's Recovery, effective April 29th. Here is that official order. If you are a retail or commercial business, we will be held to the regulation of the Governor’s Executive Order for Miami-Dade County. Click here to read the Miami-Dade Order and see if your business is designated as essential.
Re-Employment (and Unemployment) Assistance. As your business endures these ever changing times, the Florida Department of Opportunity has prepared a Re-employment Assistance FAQ with information for employers and employees on unemployment compensation. If your business is currently experiencing a slowdown, please consider learning about the Short Time Compensation program to help retain your workforce with prorated unemployment benefits for reduced hours as an alternative to layoffs.
For individuals seeking unemployment benefits or have questions about their application status, the Department of Economic Opportunity has multiple options for claimants to seek assistance:
- Click here for a mobile friendly online application.
- Click here for a user-friendly online platform application.
- Click here for Virtual Assistance.
- Click here for Email Assistance Form.
- Click here for Reemployment Assistance.
- DEO Assistance Hotline: 1-800-204-2418
- Local Hotline: 1-866-482-4473
Click Here for a complete list of COVID-19 executive orders as well as other resources from the Governor's office.
The Business Development Board of Martin County COVID-19 BIZ Hub is an excellent source of information to help businesses navigate new financial assistance for employers and their employees.
Chambers of Commerce:
Video Conferencing/Webinar Options: Do you need to quickly move to virtual meetings" Here are three reputable options for video conferencing so you can keep work from home: Zoom, Ring Central or Webex.