The Remanufacturing Industries Council is committed to helping the reman community navigate through these challenging times. We will continue to share additional information as it comes available. We value your input and ideas so please feel free to reach out to us at info@RemanCouncil.org.
DISASTER LOAN ASSISTANCE FOR SMALL BUSINESS
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
The U.S Chamber of Commerce has compiled a Coronavirus Emergency Loans Small Business Guide and Checklist to help small business owners receive aid and help keep workers employed throughout the coronavirus pandemic.
WAGES, HOURS, AND LEAVE
The Wage and Hour Division provides information on common issues employers and employees face when responding to COVID-19, and its effects on wages and hours worked under the Fair Labor Standards Act (FLSA), job-protected leave under the Family and Medical Leave Act (FMLA), and paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA).
View the latest update from the Federal government:
- The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) The CARES Act is the third federal coronavirus response package, signed by the president on March 27, to provide relief to individuals and small businesses impacted by the pandemic.
- Small Business Administration COVID-19 Small Business Guidance Loan Resources Guidance information from the SBA on 7(a) loans available under the CARES Act.
- Assistance for Small Businesses Department of Treasury one-stop for links on assistance to small businesses.
- Small Business Paycheck Protection Program FAQs on the PPP from the Department of the Treasury (updated April 23, 2020).
- Paycheck Protection Program (PPP) Information Sheet for Borrowers Useful information from the Department of the Treasury for filling out the PPP application, determining eligibility and other issues.
- Paycheck Protection Program Guidelines Shortcut to the SBA website for all of the information needed to apply for a small business loan under the CARES Act.
- Center for Disease Control and Prevention (CDC) Learn more>
- Federal Emergency Management Agency (FEMA) Learn more>
- Internal Revenue Service (IRS) Learn more>
EMPLOYEE HEALTH & SAFETY
View the latest update from the following sources:
- Occupational Health & Safety Administration (OSHA) Learn more>
- COVID-19 Guidance for the Manufacturing Industry Workforce Learn more>
- Center for Disease Control and Prevention (CDC) Learn more>
- United States Environmental Protection Agency (EPA) Learn more>
STATE & LOCAL GOVERNMENT
Birmingham: Birmingham Strong Emergency Loan Fund provides zero-interest, 180-day loans to small businesses (less than 50 employees) of no more than $25,000 (with an average loan size of $10,000) to (a) prevent staff reductions; (b) offset losses related to the Coronavirus; and (c) help companies sponsor sick pay for workers.
Chicago: Chicago Small Business Resiliency Loan Fund provides support to Chicago's small businesses that are experiencing a temporary loss of revenue as a result of the COVID-19 outbreak.
Denver: Emergency Economic Relief package for businesses and employees.
Florida: The Florida Small Business Emergency Bridge Loan Program is available to small business owners located in all Florida counties statewide that experienced economic damage as a result of COVID-19.
Iowa: The Targeted Small Businesses (TSB) program is for companies with zero employees that have been economically impacted by the COVID-19 pandemic.
Los Angeles: The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.
Maryland: Two new funds are now available to small businesses: a $50 million Emergency Relief Grant Fund that offers grant amounts up to $10,000 and a $75 million Emergency Relief Loan Fund that will provide businesses with 50 or fewer employees loans up to $50,000.
Massachusettes: The $10 million Small Business Recovery Loan Fund will provide emergency capital up to $75,000 to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits.
Michigan: The Michigan Small Business Relief Program will provide $10 million in small business grants and $10 million in small business loans to support businesses facing drastic reductions in cash flow and the continued support of their workforce.
Minnesota: Minnesota based small businesses can apply for interest-free emergency loans ranging from $2,500 to $35,000.
New Mexico: The COVID-19 Business Loan Guarantee Program aids small businesses seeking emergency loans or lines of credit. The program can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000.
New York City: The NYC Small Business Services is offering grants to businesses with fewer than five employees to cover 40% of payroll costs for two months. Businesses with fewer than 100 employees and sales decreases of 25% or more will be eligible for zero-interest loans up to $75,000.
Philadelphia: The COVID-19 Small Business Relief Fund is providing immediate relief to local small businesses in the form of grants and zero-interest loans.
Portland: Small businesses in Portland’s Jade District or Old Town Chinatown are eligible to receive support through the $190,000 emergency fund.
Sacramento: The $1 million economic relief fund provides businesses with 0% interest loans up to $25,000 per business.
Salt Lake City: The emergency loan program allows business owners based in the area to apply for 0% interest loans up to $20,000.
San Diego: The $6 million Small Business Relief Package will provide microloans ranging from $10,000 to $20,000 to local small businesses with 100 or fewer full-time employees.
Seattle: The Office of Economic Development is providing $1.5 million in grants up to $10,000 to small businesses.
Syracuse: The Syracuse Economic Development Corporation has created a $500,000 fund to provide 0%-interest, 180-day emergency loans up to $25,000 to the city’s small businesses.
Wisconsin: The Wisconsin Economic Development Corporation has created the Small Business 20/20, a $5 million grant program that giving companies with fewer than 20 employees up to $20,000.