CBJ Assembly Has Funded JEDC for Emergency Loans for Juneau Businesses CBJ Assembly has funded the Juneau Economic Development Council resources for loans for small businesses in Juneau negatively impacted by Covid19. CBJ Resolution 2888 states: “The purpose of the loans administered by JEDC are to provide small businesses with working capital to bridge the time before federal or state monies are available. The absence of State or Federal assistance does not absolve the business owner for the responsibility to repay the loan.” We hope you will pass on this information to your community members (scroll down for additional details and a link to the application) and in the mean time please take a look at a round up of resources for small businesses in this special edition of the JEDC News. JEDC LINKS TO RESOURCES

FUNDING RESOURCES

JEDC Emergency Loan Program Do you fit the following criteria?   Is your business physically located in Juneau? Are you current with CBJ Sales Tax? Are you current with business property tax? Does your business have 25 employees or fewer during the onth of January 2020? Has COVID-19 adversely impacted your business? Learn More & Apply

SBA Economic Disaster Loan (EIDL) The Small Business Administration (SBA) 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). Required Forms FYI, these forms will launch an automatic download in the form of a PDF check your downloads folder to view/save the form. SBA Form 5: Business Loan Application SBA 5C: Sole Proprietor Loan Application (ONLY If you are a Sole Proprietor) SBA Form P-019 Additional Forms SBA 159 D SBA 1368 (SBA 1368 especially important when filing for an EIDL) SBA 413: Personal Financial Statement (Link to Details on How to Interpret/Fill out the SBA 413 form) 4506-T SBA Form 2202 Information Source: Accountingprose

30 Minute Video Overview "Step-By-Step Guide to Apply for and Get Approved for a Disaster Loan" **Please note this information was recorded PRIOR to the passing of the CARES Act** Details on how to apply for the EIDL

SBA Express Bridge Loan (EBL) Pilot Program The Express Bridge Loan Pilot Program (EBL) provides expedited bridge loan financing for businesses that have been affected by COVID-19. The loans are backed by the Small Business Administration (SBA). The program is a supplement to the SBA’s existing Economic Disaster Loan. Small businesses can borrow up to $25,000 for disaster-related purposes through March 13, 2021. Because it’s an express loan, the SBA has stated that you’ll receive the funds within 45 days of approval, and no later than 90 days.

Find an Express Bridge Loan provider by contacting your local SBDC office.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) On March 27, 2020 The Coronavirus Aid, Relief, and Economic Security Act (aka the CARES Act) was signed into law. The CARES Act provides financial relief to struggling small businesses in a few different ways including loans, grants, and credit programs. Information Source: Bench What is the CARES Act Paycheck Protection Program? The Paycheck Protection Program, part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides the crucial funding businesses need to keep employees paid during a time of crisis and uncertainty. Information Source: Accountingprose LINK TO JEDC RESOURCES

40 Minute Video Overview "SBA Paycheck Protection Program"

Science-Backed Tips for Settling Into Your New Work-From-Home Routine COVID-19 Has My Teams Working Remotely: A Guide For Leaders How Real Leaders Step Up to the Plate During a Crisis 14 Apps & Tools to Stave off Cabin Fever

WEBINAR RECOMMENDATIONS

[JEDC ZOOM Call] RECORDING AVAILABLE Accessing COVID-19 Business Support Programs Guests Max Mertz, CPA Jaime Kissner, Banker Ian Grant, AKSBDC

[Alaska SBDC] REGISTER HERE Daily Briefings for Small Businesses about Coronavirus Opportunities

[Main Street America] RECORDING AVAILABLE Supporting Local Safely

Community Inspiration

#hunkerdownjuneau Show the community what you are doing while in quarantine! What's your work from home set-up like? What are you cooking? What restaurants are you ordering from? What back burner house/craft projects are you finally getting done? Tag your pics, videos, recipes, small victories with hunkering down. #hunkerdownjuneau. Logo by Pixel & Plume

KTVA STORY LINK Going on a Bear Hunt Want to make your kids (and parents) in the community smile? Add a bear to your window for neighbors out for a walk. Add this to your daily creative kids activity and start by being one of the homes with a bear in your window.

KTOO FOOD GUIDE Support Local Safely KTOO has complied a well versed restaurant directory for take-out and delivery options in town. Consider supporting your favorite restaurant and tipping (really) well! 'Is Ordering Takeout Unethical?' A Medical Ethicist Answers Some of the Most Common Moral Questions Around Coronavirus

How can we help?

What information are you most intersted in? Financial Advice Select Loan Information Select Community Support Select Employment Transistion Select Federal Assistance Navigation Select Workbook for Small Business Response & Recovery Select

‌