Connecting Our Tenant Community with Resources and Support During COVID-19
Our team has gathered resources that are available to assist small businesses and individuals to help you navigate these challenging times. We are continuing to update this resource page so please check back on a regular basis.*
In addition to the resources below, visit our Re-Opening Resources
page for more helpful information to assist your business.
If your lender(s) cannot accept your application, below are some that may be accepting applications from businesses who do not currently bank with them.
Or click here to Find Eligible Lenders and check their status.
- UPDATE: Small business owners who haven't yet applied for forgivable PPP loans now have until August 8 to apply. Congress passed legislation extending the deadline for submitting applications for the federal Paycheck Protection Program, and President Trump signed the bill. Click here for answers to some frequently asked questions about the program.
- On June 15, 2020, the SBA announced that it was again opening up its Economic Injury Disaster Loan (EIDL) grant and loan program. This means that independent contractors, freelancers, and gig workers are eligible to receive a $1,000 grant that does not have to be repaid. Small businesses and agricultural businesses also may apply for the grant, equal to $1,000 per employee of the business up to a maximum of $10,000. Apply online or click here for more information.
- On June 8, 2020, the Federal Reserve Board announced an expansion of its Main Street Lending Program (MSLP) to allow more small and medium sized businesses to receive support. The board lowered the minimum loan amount raised the maximum loan limit, adjusted the principal repayment schedule to begin after two years, and extended the term to five years. For more information, read the press release here.
Also check out the following for more relief options:
State Resources | For Restaurants | For Women-Owned Businesses | Additional Financial Assistance
BUSINESS WEBINAR SERIES
CARES ACT - PAYCHECK PROTECTION PROGRAM (PPP)
- Check out the Video Resources at right comparing the Paycheck Protection Program to Economic Injury Disaster Loans and demonstrating how to apply for each.
- The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes a $349 billion small business loan program called the Paycheck Protection Program (PPP) designed for businesses having fewer than 500 employees to be administered through the Small Business Administration (SBA). The maximum amount of the loan is the lesser of (i) 2.5x average monthly payroll and (ii) $10 million. Subject to certain conditions, there are aspects of the loan that qualify for forgiveness. The deadline to apply for a PPP loan is June 30, 2020, and details are accessible at sba.gov and treasury.gov.
For frequently asked questions, check out the materials below from the U.S. Chamber of Commerce.
The 10 Commonly Asked Coronavirus Small Business Loan Questions
is also a great reference.
LENDERS ACCEPTING PPP LOAN APPLICATIONS
- Intuit QuickBooks: Complete your application now with QuickBooks Capital, and when they are able, they will submit your application to the Small Business Administration. Current Payroll customers should sign in to check if it is available in your product, availability may vary.
- PayPal: PayPal is accepting loan applications from current PayPal merchants for the Paycheck Protection Program (PPP). Click here to begin the application.
- Seacoast Commerce Bank: Winnsboro, South Carolina-headquartered Seacoast Commerce Bank is the 10th largest SBA lender in the nation, according to its website. It is accepting PPP loan applications through its partner Kabbage, Inc., and does not seem to be restricting applicants to existing customers.
- United Business Bank: With branches in California, Colorado, New Mexico and Washington, United Business Bank is accepting PPP loan applications from existing business clients and non-customers. For more information, including the application, visit their website or you can also contact Harrison Lee, SVP/SBA regional manager, at firstname.lastname@example.org or at 213.401.3211.
Click here for COVID-19 information listed by state, including available financial resources and state-by-state mandates and closures.
FINANCIAL RESOURCES FOR RESTAURANTS
- Rally for Restaurants Gift Card Sales: Rally for Restaurants is a grassroots initiative from restaurant technology providers, public and private companies, restaurant owners and workers, and people everywhere coming together to support the restaurant community in their time of need.
- Yelp Relief for restaurants and bars impacted by the Coronavirus: Yelp announced $25 million in relief, primarily focused on supporting independent, local restaurant and nightlife businesses, in the form of waived advertising fees and free advertising, products, and services during this period. As mentioned in Yelp’s relief program announcement, eligible small businesses in the restaurants and nightlife categories can add three upgraded features free of charge through May 25, 2020.
- Restaurant Worker Relief: The Restaurant Opportunities Centers United has compiled a list of national and local relief resources for restaurant workers.
- Bartender Emergency Assistance Program: The United States Bartenders’ Guild is offering emergency assistance grants to bartenders, their spouses, and children.
For Women-Owned Businesses
ADDITIONAL Financial Assistance
*Please note that we do not certify as to the availability of any of these resources to you or as to whether the information presented is accurate or current. Nothing herein shall be construed as legal, tax or other advice.