Payroll Protection Program (PPP):
For small businesses with fewer than 500 employees and provides funds to cover payroll costs for up to 8 weeks. Funds can also be used to pay rents, mortgages, interest and utilities.
Information Sheet: https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf
Economic Injury Disaster Loans and Loan Advance:
Provides an advance of up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
SBA Express Bridge Loans
For small businesses that have an existing relationship with an SBA lender; may be able to access up to $25,000 quickly.
SBA Debt Relief
The SBA is providing a financial reprieve to small businesses during the pandemic.
Emergency Family and Medical Leave Expansion Act:
Expands the FMLA to add qualifying reasons for leave related to COVID-19 and applies to employers with fewer than 500 employees. Employers should understand what is now covered. https://www.dol.gov/agencies/whd/fmla/pandemic
The Florida Small Business Emergency Bridge Loan Program:
Up to $50,000 loan for eligible qualified small businesses with 2 – 100 employees. Loans are for a 1 year term with low, if not 0%, interest rates.
Short-Time Compensation Program for Employees:
Helps employers maintain their staff by reducing the hours worked during a temporary economic downturn.
Reemployment Assistance COVID-19 Frequently Asked Questions