We will be keeping a list of resources to help businesses during this Coronavirus Pandemic. Please check back for updates.
- Here is a great summary/checklist from the US Chamber of Commerce. It is easy to read and full of information on how to access the federal disaster loan funds: CLICK HERE
Struggling to get started? The following questions might help point you in the right direction. Do you need:
- Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you. . The PPP loan is available to sole proprietors and 1099 contractors as well. Apply through your bank.
• A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant. $10,000 emergency advance. Apply: https://disasterloan.sba.gov/ela/ - To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help. Not related to the disaster loans, they are the regular loans offered by the SBA. Apply through your bank.
• Just some quality, free counseling to help you navigate this uncertain economic time? The SBA resource partners might be your best bet. https://www.sba.gov/local-assistance/find/
COVID-19 Stimulus “Get My Payment” App Now Available
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The IRS has issued a web-based app where taxpayers can now check on the status of their stimulus payment and enter their bank account information for direct deposit. You will need information from your most recently filed tax return (2018 or 2019) in order to check the status of your payment. Use this link to access the app: https://www.irs.gov/coronavirus/get-my-payment
In certain cases, the Get My Payment app will be unable to tell you the status of your payment. You may receive this message for one of the following reasons:
- If you are not eligible for a payment (see IRS.gov on who is eligible and who is not eligible)
- If you are required to file a tax return and have not filed in tax year 2018 or 2019.
- If you recently filed your return or provided information through Non-Filers: Enter Your Payment Info on IRS.gov. Your payment status will be updated when processing is completed.
- If you are a SSA or RRB Form 1099 recipient, SSI or VA benefit recipient – the IRS is working with your agency to issue your payment; your information is not available in this app yet.
You can check the app again to see whether there has been an update to your information. Get My Payment data is updated once per day, so there’s no need to check back more frequently.
- Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you. . The PPP loan is available to sole proprietors and 1099 contractors as well. Apply through your bank.