CARES ACT
Overall changes to the CARES Act:
Paycheck Protection Program Chart:
https://gnoinc.org/initiatives/coronavirus/
GNO, Inc. has created GNO Pivot to help businesses identify ways to adapt their business skills to new uses. Learn more here: https://gnoinc.org/initiatives/gnopivot-intake-form/ .
Knowledge is power! Our friends at GNO, Inc. have compiled a list of online training opportunities.
https://gnoinc.org/initiatives/coronavirus/education-and-training/
Greater New Orleans, Inc. resources
Want to maximize your time at home during the Covid emergency? Check out these opportunities for online training:
https://gnoinc.org/initiatives/coronavirus/education-and-training/
Unemployed? Here are some Frequently Asked Questions...click HERE
Small Business Administration
Delgado to offer SBA Economic Injury Disaster Loan Assistance Webinar Workshop...Register HERE
SBA COVID RESPONSE
In response to the federally declared COVID-19 emergency, the U.S. Small Business Administration is preparing to offer designated states and territories low-interest federal disaster loans for working capital to small businesses and nonprofits suffering substantial economic injury and temporary loss of income as a result of the emergency.
Governor John Bel Edwards has made the necessary request for Jefferson and Orleans parishes at this time. Loans of up to $2 million will be available at an interest rate of 3.75% for small businesses without credit available elsewhere. Businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%. Terms of up to 30 years will be negotiated on a case by case basis and on the ability of the borrower to repay. Once a declaration is made a community will be listed on www.sba.gov/disaster where businesses can also register to apply for assistance.
For additional information, please contact the SBA disaster assistance customer service center.
Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov .
Louisiana Department of Economic Development
The following link has valuable information and resources for businesses.
Federal & State Covid 19 Emergency Lending Options Simplified – Check out this chart:
https://gnoinc.org/wp-content/uploads/Coronavirus-Loan-Comparison.pdf
Louisiana Small Business Loan Guaranty Program Provides $50 Million in Aid
Save Small Business Fund
Save Small Business Fund - U.S. Chamber of Commerce Foundation. The U.S. Chamber of Commerce Foundation is offering $5000 grants to small businesses employing 3-20 employees and located in an economically vulnerable community. To register go to: https://www.savesmallbusiness.com/ and in Spanish go to:
https://www.savesmallbusiness.com/spanish
Digital Marketing Assistance
https://neworleanscitybusiness.com/blog/2020/04/01/digital-marketing-firm-has-free-consulting-sessions-for-businesses/
Advertising Assistance
JEDCO has developed & compiled a number of resources to guide Jefferson Parish businesses through these challenging times.
JEDCO CARES Act Guide
A four-page summary of the $2.2 trillion economic stimulus package and the programs most important for businesses
JEDCO CARES Act Web Conference
Full recording of the web conference hosted by JEDCO & Adams and Reese on Monday, March 30, 2020
CARES Act Binder (developed by GNO, Inc.)
Covers the CARES Act and the Paycheck Protection Program in great detail. Includes excellent FAQ section
SBA Lender List
List of SBA Lenders in Jefferson Parish that can administer the Paycheck Protection Program
Paycheck Protection Program Overview
Paycheck Protection Program Borrower's Fact Sheet
Paycheck Protection Program Fact Sheet for Lenders
Paycheck Protection Program Application
Economic Injury Disaster Loan (EIDL)
Louisiana Loan Portfolio Guaranty Program
COVID-19 Loan Program Comparison Guide
A quick guide to the SBA Economic Injury Disaster Loan, the Paycheck Protection Program and Louisiana Loan Portfolio Guaranty Program
US Chamber of Commerce Coronavirus Emergency Loans Small Business Guide & Checklist
A full list of resources can be found on JEDCO's COVID-19 Response web page, which is consistently being updated to include the latest information available for businesses. www.JEDCO.org/COVID19-updates
