PAYCHECK PROTECTION PROGRAM (PPP)
- The U.S. Small Business Administration (SBA), which oversees PPP, will not be accepting applications for PPP loans after Tuesday, June 30. According to SBA, roughly $129 billion in PPP funding is still available as of June 12. Click here to access the most recent (updated May 27) PPP Loans FAQs for more information on PPP.
- The SBA, through its Economic Injury Disaster Loan (EIDL) and EIDL Advance Program, offers qualified entities working capital loans to help overcome the temporary loss of revenue. On June 15, the SBA began accepting new EIDL and EIDL Advance applications from qualified small businesses. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. Eligible small businesses may apply for the SBA EIDL and EIDL Advance here.
MAIN STREET LENDING PROGRAM
- The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
INTERNAL REVENUE SERVICE (IRS)
- The IRS extended the deadlines to file and pay 2019 federal income taxes are postponed to July 15. Get details on the new tax deadlines and additional coronavirus tax relief.
OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION (OSHA)
- Not all businesses are the same, and some workers may face different levels of risk within the same business. OSHA maintains detailed guidance in its publication, Guidelines on Preparing Workplaces for COVID-19.
CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC)
- The CDC has a dedicated page for businesses on COVID-19-related information.