Individual and Business Resources

Cares Act

Coronavirus Aid, Relief, and Economic Security Act signed into law March 27th, 2020

https://www.congress.gov/bill/116th-congress/senate-bill/3548/text

Spartanburg Chamber

Doing Business During COVID-19
Bring Back The Burg

Small Business Administration

Small Business Guidance & Loan Resources

South Carolina Association of Counties

Coronavirus (COVID-19) Information

Assistance for American Workers and Families

In the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE.

 Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

  • For a top-line overview of the program CLICK HERE
  • If you’re a lender, more information can be found HERE
  • If you’re a borrower, more information can be found HERE
  • The application for borrowers can be found HERE

Paycheck Protection Program Resources

  • SBA Paycheck Protection Program website
  • Department of the Treasury CARES Act website

IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19 (HERE)

  • The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

Treasury and IRS Release FAQs to Help Small and Midsize Businesses Navigate Paid Sick and Family Leave Tax Credits (HERE)

  • The U.S. Department of the Treasury and the Internal Revenue Service are offering small and mid-size employers more information on refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing their employees paid sick and family leave wages related to COVID-19.

Department of Labor Announces New Paid Sick Leave and Expanded Family and Medical Leave Implementation (HERE)

  • The U.S. Department of Labor today announced new action regarding how American workers and employers will benefit from the protections and relief offered by the Emergency Paid Sick Leave Act and Emergency Family and Medical Leave Expansion Act, both part of the Families First Coronavirus Response Act (FFCRA). The department’s Wage and Hour Division (WHD) posted a temporary rule issuing regulations pursuant to this new law, effective today, April 1, 2020.