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SEEDS Members! 2nd Quarter 2020 Member Newsletter is out! Visit the "Members Corner" page to view newsletters and manage your SEEDS account profile.
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SEEDS / ABA Covid-19 Resources
These resources were discussed in the SEEDS Webinar (March 26, 2020).
Financial resources
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:
US Chamber
Families First Coronavirus Response Act
SBA/Economic Injury Disaster Loan Program
State and Local Coronavirus Small Business Assistance
- For the latest information, check your governor’s website for up-to-date information about relief available in your state.
- https://www.nga.org/governors/addresses/
Freddie Mac
Fannie Mae
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.
Other
- Hertz offering free car rental in NYC for healthcare workers