COVID-19 Business & Non-Profit Relief Resources
The U.S. Small Business Administration (SBA) is working directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been impacted by the Coronavirus (COVID-19). The SBA has several programs to support businesses and business owners as they navigate the COVID-19 crisis.
Resources | For Businesses
- Economic Injury Disaster Loan (EIDL): The SBA declared a disaster in the state of Mississippi and made Economic Injury Disaster Loans available to small businesses (including sole proprietors & non-profits).This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organizations or 501(c)(19) veterans organizations affected by COVID-19. The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.
- Paycheck Protection Program (PPP): The CARES Act created the Paycheck Protection Program, which is an expansion of the existing SBA 7(a) program. Impacted small businesses may apply for up to $2 million in working capital to pay for fixed debts, payroll, accounts payable and other bills that can’t be paid because of the COVID-19 disaster. Loan terms (3.75% interest rate for small businesses; 2.75% for nonprofits) may be extended up to 30 years to keep payments affordable. Working through a network of approved lenders, this program forgives loans to employers, independent contractors, and gig workers who maintain their payrolls. Rent, mortgage payments, and some other eligible expenses are also forgivable. Reach out to your lender or an approved SBA 7(a) lender to apply.
Please reach out to your bank or the City of Jackson’s SBDC for assistance with applying.
SBA Disaster Assistance Loans for Small Businesses
- Apply Today for an SBA Economic Injury Disaster Loan
- Apply Today for the Paycheck Protection Program
- All SBA COVID-19 Small Business Guidance and Loan Resources
- Apply to the Hope Credit Union Paycheck Protection Program
- Small Business Owner’s Guide to the CARES Act
- Paycheck Protection Program – Information Sheet for Borrowers
City of Jackson’s Small Business Development Center (SBDC)
The SBDC is providing guidance on the SBA application process. Email firstname.lastname@example.org or call (601) 960-1638 to be connected directly with a business counselor: Register for City of Jackson SBDC Disaster Assistance.
Resources | For Employers & Workers
- White House Coronavirus Guidelines issued March 16, 2020: On March 16, the White House released guidelines calling for people to avoid gatherings of 10 or more people, and work from home whenever possible. Learn more
- Centers for Disease Control & Prevention Guidance for Employers: The Centers for Disease Control has issued guidance for businesses and employers on how to plan, prepare, and respond to COVID-19.
- OSHA’s Guidance on Preparing Workplaces for COVID-19: The Occupational Safety and Health Administration (OSHA) has developed guidelines for how companies can prepare their workplace for COVID-19. Please see their COVID-19 Website for more information.
- Department of Labor Guidance on COVID-19 & Wages & Hours: Department of Labor provides information on issues related to COVID-19 and the effects on wages and hours worked under the Fair Labor Standards Act and the Family & Medical Leave Act.
Resources | For Artists & Organizations
- Americans for the Arts is providing up-to-date COVID-19 news and resources for the arts and culture field.
- The American Alliance of Museums has compiled a guide to help museums prepare internally and externally for outbreaks in their communities.
- ArtsReady, an online emergency preparedness service by and for arts/cultural nonprofits, is adding updates daily.
- The Association of Performing Arts Professionals (APAP) has pulled together resources to help you and your team prepare for and respond to the potential impact of the coronavirus (COVID-19).
- Billboard has a state-by-state listing of resources for professional musicians.
- This COVID-19 & Freelance Artists list contains general resources, advocacy links, and a growing list of funding opportunities.
- Creative Capital has a comprehensive list for artists working in all disciplines, organizations trying to steady the boat, and anyone working to create the new normal.
- The DeVos Institute of Arts Management at the University of Maryland is offering pro bono consultations to any U.S.-based non-profit arts or culture organization, between March and June 2020, as a response to the mounting effects of the coronavirus (COVID-19) pandemic.
- The Joan Mitchell Foundation has posted a COVID-19 Emergency Resources for Visual Artists listing that breaks opportunities out by regions, as well as nationally.
- NAPAMA (North American Performing Arts Managers and Agents) has posted a list of resources, including information related to airfare refund and/or cancellation policies, emergency fund and relief programs, sample communications, and more.
Economic Injury Declaration
The Mississippi Emergency Management Agency (MEMA) is gathering information on the economic loss to small businesses throughout the state as a result of the COVID-19 outbreak. This information is being collected so that Mississippi may request an Economic Injury Declaration from the Small Business Administration to aid in the economic loss suffered as a result of the COVID-19 event.
Small business owners can access instructions to complete the worksheet showing that their business has suffered economic hardship as a result of the response efforts of the COVID-19 event. After business owners complete these worksheets, they can submit them directly to the MEMA State Coordinating Officer Todd DeMuth at email@example.com, for inclusion into the SBA declaration request.
You can find more information by visiting: