Small Businesses: Coronavirus Emergency Relief
Coronavirus COVID-19, quarantine response has had an unprecedented effect on small businesses across the country and in Tyrone. As a result, the Coronavirus Aid, Relief and Economic Security Act has set aside $350 billion for small businesses. The Georgia Department of Community Affairs (DCA), federal Treasury Department, the U.S. Chamber of Commerce, and the U.S. Small Business Administration (SBA) have all developed COVID-19 emergency resources, grant programs, and loan programs to distribute these funds. We urge Tyrone small businesses to review the websites and guide below so as to take full advantage of any assistance.
- Georgia Department of Community Affairs – Small Business Recovery Webinars and program comparisons.
- United States Chamber of Commerce – Click to learn more about resources!
- U.S Small Business Administration Coronavirus Guidance and Loan Resources – Click to get an overview of the SBA’s current programs!
- SBA Paycheck Protection Program – An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities.
- SBA Disaster Loan Resources – Loans designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
- SBA Express Bridge Loan – Loans designed to supplement the Disaster Loan Progam to allow independent lenders to distribute funds.