Below, you'll find a list of financial relief measures and programs to support businesses impacted by COVID-19. Check your state governor’s website for the most recent updates. As new programs become available we’ll update this list.
Coronavirus Emergency Loans Small Business Guide and Checklist: From the U.S. Chamber of Commerce on how to apply for relief under the CARES Act, including eligibility, requirements and application guidelines. Download here.
Paycheck Protection Program Loan Businesses including eligible non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors described in the Small Business Act – with 500 or fewer employees may apply for small business loans to cover payroll and certain expenses. For a top-line overview of the program click here. Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. Contact your current lending institution to see if they are a preferred SBA lender and verify that they can help once the program has been activated. Fact sheet for borrowers and how to apply can be found here.
Economic Injury Disaster Loans and Loan Advance: The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid. To apply for a COVID-19 Economic Injury Disaster Loan, click here.
SBA Express Bridge Loans: Allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. Find an Express Bridge Loan Lender by connecting with your local SBA District Office
IRS’ Tax Relief center: Follow coronavirus-related federal tax changes and find resources for taxpayers and businesses.Learn more
State and city
Xero’s Business Continuity Hub
Visit Xero Central for tools to help your business get through unforeseen disruptions. Register for upcoming webinars, find business and mental health resources, and connect with the Xero community to share your experience. We'll continue to add useful resources and information as they become available.See Continuity Hub