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Coronavirus Business Recovery Resources & Info
Financial Resources for Business Recovery
- 2020-04-05 Replay of Paycheck Protection Program Webinar Now Available
- 2020-04-03 Apply for the Paycheck Protection Program Starting Today
- 2020-04 Trumbull Economic and Community Development Update-COVID-19 Business Recovery Resources
- 2020-03 Trumbull Economic and Community Development Update-COVID-19 Business Recovery Resources
- Mortgage Forbearance Assistance
- Small Business Debt Relief Program: This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out loans within six months of the CARES Act’s enactment.
- Economic Injury Disaster Loans & Emergency Economic Injury Grants: These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you must first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.
- Connecticut Department of Economic and Community Development Coronavirus Business Recovery
- Connecticut Small Business Development Center COVID-19 Business Resource Center
- Connecticut Recovery Bridge Loan Program
- U.S. Small Business Assistance Disaster Loans: Businesses can now apply for loans of up to $2 millionthrough the U.S. Small Business Administration (SBA). SBA also has valuable information for businesses. Here is a link to a webinar that explains how to apply for the SBA loan. There are also step by step instructions on completing the loan application. If your business needs assistance with SBA loans or any other DECD program, call the business hotline at 860-500-2333 or visit U.S. Small Business Assistance Disaster Loans.
- The U.S. Small Business Administration Paycheck Protection Program is a loan designed to help small businesses stay open and provide a direct incentive for small businesses to keep their workers on the payroll.
- SBA will forgive portions of loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
- The Paycheck Protection Program will be available April 3, through June 30, 2020.
- Visit the U.S. Small Business Administration Paycheck Protection Program for more information.
Free Technical Assistance Resources
- State of Connecticut, Department of Economic and Community Development (DECD) - Business Recovery Hotline 1-860-500-2333
- The Women’s Business Development Council (WBDC) is converting its entrepreneurial programs and business counseling to virtual classrooms via Zoom or on-demand webinars. You can find all the information you need on the website, https://ctwbdc.org. WBDC is also prepared to assist clients who will apply for the SBA Small Business Disaster Relief Loan. Please contact us at info@ctwbdc.org
- Connecticut Small Business Development Center (CTSBDC): The center has 14 Business Advisors available to assist with the SBA Economic Injury Disaster Loan application. Advisors provide no-cost, confidential assistance with forecasting loss, explaining impacting, reviewing statements, and discussing other loan and assistance options. CTSBDC continues to offer online training courses and assistance with business plans, marketing strategies, and market research. Visit CTSBDC’s COVID-19 Resource Center at https://ctsbdc.com/covid19-businessresourcecenter and register for EIDL assistance at https://ctsbdc.com/request-advising/grow-a-business/
- SCORE (Senior Corp of Retired Executives): For over 50 years, SCORE has served as America’s premier source of free business mentoring and education. As a resource partner of the U.S. Small Business Administration (SBA), SCORE has helped more than 11 million entrepreneurs through mentoring, workshops and educational resources since 1964. They are providing mentoring to help navigate business recovery resources. Connect with SCORE at https://www.score.org/.
Employee Resources
- Mortgage Forbearance Assistance
- Unemployment Insurance: Information on Filing for Unemployment Benefits If you become unemployed due to coronavirus (COVID-19), you should file for unemployment benefits. Click here for more information. For frequently asked questions about coronavirus (COVID-19) for workers and employers click here.
- Student Loans
- The WorkPlace, Inc. - The American Job Center:
- Information for employers and jobseekers due to COVID-19.
- List of online services for employers.
- Rob Hebert heads up business services in the American Job Center.
Business News & Updates
- 2020-03-31 Governor Lamont Announces Mortgage Payment Relief During COVID-19 Crisis
- 2020-03-30 Small Business Administration Update to Connecticut COVID-19 Resources
- 2020-03-30 Update from CT Department of Community and Economic Dev.
- 2020-03-27 Summary of COVID-19 Economic Stimulus Package
- 2020-03-26 Emergency Relief Funds for Small Businesses & Nonprofits Available Now
- 2020-03-26 Governor Lamont Launches Emergency No-Interest Loan Program for Connecticut Small Businesses and Nonprofits Impacted by COVID-19
- 2020-03-23 Update to Businesses on COVID-19
- Permits, Inspections and Land Use Applications Guidance - Updated Effective 03/23/2020
- 2020-03-22 Governor Lamont Releases Guidance to Businesses on Order Asking Connecticut to ‘Stay Safe, Stay Home’
- 2020-03-20 Business Exemptions for Coronavirus - Executive Order 7H
- 2020-03-20 Important Business Update and Business Resources from DECD Commissioner David Lehman
- 2020-03-19 Barbershops, Hair Salons, Nail Salons, and Beauty Salons, etc. to Close - Effective 03/20/2020
- 2020-03-17 CT Dept of Public Health Notice to Beauty Industries Businesses (PDF)
- 2020-03-17 Tax Filing Extensions: The Connecticut Department of Revenue Services has extended deadlines for filing and payments associated with certain state business tax returns
- Health Department Permits, Applications and Inspection Guidance - Effective 03/18/2020
- CT Executive Order Regarding All Restaurants and Bars - Effective 03/16/2020
- 2020-03-16 Governor Lamont Announces Connecticut Businesses Approved to Receive Disaster Assistance Due to COVID-19
- 03/16/2020 COVID-19 Letter to Local Businesses & Employers
- Frequently Asked Questions about COVID-19 for Workers and Employers (PDF)
- Small Business Administration To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans (PDF)
- Small Business Administration Office of Disaster Assistance Handout (PDF)
- Department of Labor FAQ (PDF)
- Are You Prepared? COVID-19 Transmission Prevention Business Checklist (PDF)
- Food Service Establishment COVID 19 Letter (PDF)
- Coronavirus Tips for Restaurants (PDF)