CARES Act Informaton

For help with applications and more information, please contact:

 

SBA West Virginia District Office

The US Small Business Administration provides local assistance via 68 district offices and a nationwide network of resource partners. To find resources near you, please visit their Local Assistance page.

WV Small Business Development Center

 

PPP Application Deadline has been extended to August 8, 2020.

 

Paycheck Protection Program

The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, posted a revised, user-friendly Paycheck Protection Program loan forgiveness application implementing the PPP Flexibility Act of 2020.

In addition to revising the full forgiveness application, the SBA also published a new “EZ” version of the forgiveness application applying to borrowers who:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19 and did not reduce the salaries or wages of their employees by more than 25%

Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.

The PPP Flexibility Act of 2020, which included language championed by the bill Senator Manchin introduced, was passed by Congress in June. Click Here for the Press Release

 

Economic Injury Disaster Loan Program

On Monday, June 15, the SBA reopened the EIDL portal to allow new applications from eligible small businesses that were not able to apply for the loan/advance program earlier this year. There is no indication of how long the portal will remain open, so it’s important that interested eligible businesses apply as soon as possible. More information can be found at the link below. Read the Press Release


These documents are intended to provide guidance and does not constitute legal advice. It also does not replace official implementation from the relevant agencies. All information on this page is gathered from federal agencies and state representatives.​

SBA Coronavirus Relief Options

SBA Coronavirus Relief Options

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CARES Act Relief for Non-Profits

CARES Act Relief for Non-Profits

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CARES Act for Independent Contractors

CARES Act for Independent Contractors

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