SEEDS and the ABA held a joint webinar on March 26, 2020 regarding COVID-19. Thank you all for joining us online! Please find the financial resources discussed below. Note that the information provided on the webinar was dated so best to follow these links for current information:
Families First Coronavirus Response Act
SBA/Economic Injury Disaster Loan Program
State and Local Coronavirus Small Business Assistance
HUD provides immediate relief for homeowners amid nationwide Coronavirus response
San Francisco "COVID-19 Small Business Resilience Fund,"
In the private sector, Facebook pledged $100 million in grants for up to 30,000 eligible small businesses in over 30 countries hit hard by the COVID-19 outbreak.
Bank of America has joined other card issuers, such as Citi, Chase, Capital One, Discover, Apple, and American Express, in offering emergency support to its consumer and small business clients who are experiencing financial hardship because of the coronavirus pandemic.
$2T coronavirus package (stimulus bill)
- I will only mention one part of this bill because I think it is the part that interests or affects most of us.
- Small and medium businesses with fewer than 500 workers will be able to apply for government-backed, forgivable loans to cover the costs of their workers’ wages, as well as some other business expenses such as rent, up to a maximum of $10 million.
- As of March 26, 2020, it has passed the Senate and is waiting on the House to vote.