KEY BISCAYNE CHAMBER OF COMMERCE COVID-19 BUSINESS RESOURCE GUIDE

FEDERAL RESOURCES

SMALL BUSINESS ADMINISTRATION (SBA) LOANS Florida now qualifies for low-interest federal disaster loans from the U.S. Small Business Administration (SBA). These loans are available to small businesses suffering severe economic injury due to Coronavirus (COVID-19). These loans offer up to $2 million in assistance with long-term repayments, up to 30 years. The interest rate is 3.75% for small businesses & 2.75% for non-profits. The first payment doesn’t start until 1 year after the note is issued.  What Can They Be Used For : Fixed debts, payroll, accounts payable & other bills that can’t be paid. More Information 3-Step Application Process Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail [email protected] U.S. CHAMBER FOUNDATION RESOURCES Coronavirus (COVID-19) Workplace Tipis for Employees Guidance for Employers to Plan & Respond to Coronavirus Customizable Workplace Flyer APPLICATION: SBA.gov/disaster

STATE RESOURCES

SHORT-TIME COMPENSATION PROGRAM The Short-Time Compensation program is a voluntary employer program designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees. If your employer establishes a Short-Time Compensation Plan and you meet the qualifications to file an reemployment assistance claim in the state of Florida, you will receive a partial reemployment check to supplement your reduced paycheck. APPLICATION (Employers Only) : https://bit.ly/2wvwZXt

TEMPORARY LAYOFF A temporary layoff occurs when the employee is separated from their job due to lack of work, and the employee has a return-to-work date within eight weeks of the separation. An employee that is temporarily laid off from work may be eligible for Reemployment Assistance benefits.   APPLICATION: https://bit.ly/39ig485

EMERGENCY BRIDGE LOAN PROGRAM The bridge loan program will provide short-term, interest- free loans to small businesses that experienced economic injury from COVID-19. The application period runs through May 8, 2020. These loans offer up to $50,000 per eligible small business and will be interest-free for the loan term (1 year). The Interest rate will be 12% per annum on the unpaid balance thereafter, until the loan balance is repaid in full. Loan default is subject to a normal commercial collection process. What Can They Be Used For : Intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources. More information Who Qualifies? Visit floridadisasterloan.org ; for questions regarding the Emergency Bridge Loan Program, contact the Florida Small Business Development Center Network at 866-737-7232 or email [email protected]   APPLICATION : https://bit.ly/33O9YuL

REEMPLOYMENT ASSISTANCE Reemployment Assistance provides temporary wage replacement benefits to eligible individuals who are out of work through no fault of their own. If you have a history of wages in the state of Florida, you are actively able and available to seek and accept new employment, and you are currently unemployed or work reduced hours through no fault of your own, you may be eligible to receive Reemployment Assistance benefits.  APPLICATION : floridajobs.org

THE REBUILD FLORIDA BUSINESS LOAN FUND The Rebuild Florida Business Loan Fund offered by the Florida Department of Economic Opportunity provides eligible businesses with up to $500,000 in state and federal funds to help with long term economic recovery and rebuild following a disaster. Click here for more.

DAMAGE ASSESSMENT SURVEY Governor Ron DeSantis has activated the Business Damage Assessment survey to assess the impact of COVID-19 on Florida’s local business operations. The survey, managed by DEO, will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy so actions to implement appropriate relief programs can begin. The survey can be taken online at   floridadisaster.biz .

OTHER SUPPORT INITIATIVES

Facebook Small Business Grants Save Florida Business Initiative Guidance from the Occupational Safety and Health Administration (OSHA) Information from the Florida Restaurant and Lodging Association (FRLA) Facebook Small Business Grants Program Florida Small Business Development Center (SBDC) COVID-19 Business Disaster Recovery Assistance Florida Retail Federation Florida Chamber of Commerce COVID-19 Resource Center CareerSource Florida Florida Economic Development Council

Florida Power & Light Suspending disconnections during COVID-19. Click here for more information. Comcast Xfinity WiFi Free For Everyone; Unlimited Data for 60 Days, for no Charge; No Disconnects or Late Fees; New customers will receive 60 days of complimentary Internet Essentials service. Click here for more. Baptist Health Use code CARE19 for a free visit on Baptist Health Care On Demand. Click here for more.

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