Compilation of Small Business Assistance ~ (Continual Updates)

March 28, 2020

Numerous resources are available to business owners to assist with navigating the financial hardship faced by many from the current situation. In order to ensure as many local employers as possible are aware of these programs we have outlined them below for reference.

City of Lincolnton Small Business Emergency Loan Program https://www.ci.lincolnton.nc.us/561/Small-Business-Emergency-Loan-Program

TOOLS FOR BUSINESS

Many of these can be found on our Tools For Business website, you can access it at : http://www.resources4business.info/LincolnEDA/Recession.html

SBA – Coronavirus (COVID-19): Small Business Guidance & Loan Resources https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources?utm_medium=email&utm_source=govdelivery

SBA – NC DISASTER LOAN PORTAL SBA’s Small Business Disaster Loan Program is now open for North Carolina businesses to apply. The program offers low-interest federal disaster loans for working capital to North Carolina small businesses suffering substantial economic injury as a result of the Coronavirus. To learn more please go to: https://disasterloan.sba.gov/ela

FEDERAL SMALL BUSINESS GUIDE TO “CARES” PROGRAMS

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress assist business owners with whatever needs they have right now. This guide provides information about the major programs and initiatives that will soon be available (April 3) from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. https://www.americamakes.us/wp-content/uploads/sites/2/2020/03/small-business-owners-guide-to-the-cares-act-final.pdf?utm_source=NCDMM+Distribution+List&utm_campaign=39f42d790e-NCD_COVID_SBA+email28/3/20+1:58+PM&utm_medium=email&utm_term=0_333d201fe1-39f42d790e-195675717

SBTDC The Small Business & Technical Development Center (SBTDC) has sent a new link to their website for additional help and resources. http://www.sbtdc.org/coronavirus/

GOLDEN LEAF FOUNDATION Golden LEAF Foundation is providing a NC COVID-19 Rapid Recovery Loan Program. Businesses are eligible to apply for bridge loans of up to $50,000 with six months of no interest or principal payments. To learn more please go to: Update: 4-2-20 $15 Million in Loans have been received unsure if there are any additional funds at this time. https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fncrapidrecovery.org%2F&data=02%7C01%7CTed.Alexander%40ncleg.net%7C703f9c821ce54e7aa32208d7cfe754ef%7Ccdb33c844db840fbb92401791d2b9e5b%7C0%7C0%7C637206465286102788&sdata=BneFd5cTBJ%2FhDHMEV8T6a6wQ4dlvIiMffnFQUsuukRk%3D&reserved=0

SBC SMALL BUSINESS CENTER – GASTON COLLEGE Gaston College has transitioned their Free Small Business Classes to Online Learning starting with “Preparing Your Business for the Threat of Coronavirus” as well as many other business classes. Learn more at: https://www.ncsbc.net/center.aspx?center=75220&fbclid=IwAR38oiElPAbo8DF7yNQkEYWKwrIgJdWDuHW6-lqG3gWVxhhJ2U5iZJAAjXs

EDPNC Economic Development Partnership of NC ~ Business Relief Resource Guide https://edpnc.com/wp-content/uploads/2020/04/COVID-19-Business-Relief-Resources-v14-SJB-edits.pdf

United Way Lincoln County Local Community Resource Guide unitedwayoflincolncounty.org/Portals/18/COVID-19%20Lincoln%20County%20Covid%20Resource%20Guide.pdf?ver=2020-04-03-122916-957

NC Department of Commerce Employment Security – COVID 19 Unemployment Insurance Info https://des.nc.gov/need-help/covid-19-nc-unemployment-insurance-information