Coronavirus Resources for Greenwich Businesses and Community
Business Resources and Updates:
Governor Lamont's Up-to-date Coronavirus Press Releases
The CARES Act
The U.S. Congress passed a groundbreaking $2 trillion stimulus package called the CARES Act. The bill allocated $350 billion specifically to assist small businesses. The key takeaway is you can access capital to keep your business running. The SBA is posting information for small business owners here. You have until June 30, 2020 to apply.
Paycheck Protection Program loan Money still available!
As of May 1, 2020, 29,559 Connecticut small businesses have been approved for $2,556,813,941 in second round of PPP funding. In total, 47,994 Connecticut small businesses will benefit from $6,708,748,392 to-date from PPP loans!
There is still loan money available to help small businesses through the Paycheck Protection Program. The process is smooth and easy and funding can be moved quickly. To find a qualified lender https://www.sba.gov/offices/district/ct/hartford
If you are having trouble finding a lender or have questions about the Paycheck Protection Program contact (860) 240-4672 or email: Connecticut_DO@sba.gov
From Connecticut Commissioner of Economic and Community Development, David Lehman, regarding newly available resources for businesses during the COVID-19 pandemic:
- $310B for Paycheck Protection Program (PPP); Forgivable loans to small businesses with less than 500 employees; apply through SBA-approved banks, credit unions or fintechs
- $60B for Economic Injury Disaster Loans and Grants (EIDL); Low-interest loans and grants up to $10,000 for small businesses and non-profits; apply for these directly through the SBA
Funding Options from the SBA website: coronavirus relief options
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.
Disaster Loan Assistance Application
Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters
SBA Paycheck Protection Program (PPP) Loan Information
An SBA loan that helps businesses keep their workforce employed during the Coronavirus crisis April 3 - June 30, 2020.
April 17, 11:00 a.m. Conversation With Senator Blumenthal and Fairfield County Chambers of Commerce
The chambers of commerce of Fairfield County and Senator Blumenthal invite you to a Zoom webinar this Friday for a conversation about the ongoing Coronavirus pandemic and the impact it is having on Connecticut’s communities. The Senator looks forward to hearing from members of the Fairfield County chambers on the challenges facing their businesses and communities and hearing about the impacts of recent federal action to deal with this crisis.
Register in advance for this webinar: https://us04web.zoom.us/webinar/register/WN_OpmFF_GyTE2gQuTFRkGNHA
Congressman Jim Himes and SBA Seminar About CARES ACT and COVID-19
Recap on April 9th Gov. Lamont Call for Businesses and Employees
Thursday, April 9th, Governor Lamont extended the closing of all non-essential businesses in the state until May 20th which coincides with how long schools are ordered closed. Social and recreational gatherings of more than five people have also been extended to May 20th.
CT Patch article: Closure Of Nonessential Businesses In CT Extended By Lamont
Below are various useful files:
- Zero percent interest rate;
- 12-month term with 6-month extension per request;
- Personal guaranty and credit score required;
- Approval contingent upon business being profitable prior to March 10, 2020 and no adverse personal credit reports 60 days past due for the last 6 months; and
- Ineligible companies include those involved in real estate, multi-level marketing, adult entertainment, cannabis, and firearms.
CT. gov Connecticut's Official State Website
Business Resources: https://portal.ct.gov/Coronavirus/Pages/Business-Resources
The State of Connecticut is continuing to take major steps to protect our businesses and residents during the coronavirus crisis. Here are some updates:
- DECD's COVID-19 Business Emergency Response Unit: The Connecticut Department of Economic and Community Development has created a COVID-19 Business Emergency Response Unit dedicated to assisting businesses navigate resources and develop new resources. A dedicated phone line is has been set up at 860-500-2333 to provide assistance to Connecticut's small businesses for this purpose.
- SBA assistance: On March 16, the U.S. Small Business Administration approved Governor Lamont's request to begin offering disaster-relief loans to Connecticut small businesses and nonprofits. Companies in the state can now apply for loans of up to $2 million through a special page on the SBA website. SBA also has more valuable information for businesses.
- Tax filing extensions: The Department of Revenue Services has extended deadlines for filing and payments associated with certain state business tax returns. Details are on DRS’s website.
- Unemployment assistance: Workers directly impacted by the coronavirus pandemic no longer must be actively searching for work to qualify for unemployment assistance. And employers who are furloughing workers can use the Department of Labor’s shared work program, which allows businesses to reduce working hours and have those wages supplemented with unemployment insurance. DOL has more information about these and other changes.
- Business Interruption Insurance: A business interruption insurance policy should list or describe the types of events it covers. Events that are not described in the policy are typically not covered. It is important to review the policy exclusions, coverage limits, and applicable deductibles with your agent, broker or insurer. The Connecticut Insurance Department has an FAQ that provides more information.
- Issues regarding supply chains, delivery of goods, or business continuity: The Connecticut Department of Consumer Protection is encouraging businesses in the state that are experiencing issues regarding supply chains, delivery of goods, or business continuity to contact the FEMA National Business Emergency Operations Center by emailing NBEOC@fema.dhs.gov. This is a 24/7 operation and they can assist in directing the inquiry to the proper contact.
CBIA CT Business & Industry Association
State, Feds Move to Mitigate Coronavirus Impact on Business
State and federal government agencies are taking steps to assist small businesses impacted by the coronavirus pandemic.
The state Department of Economic and Community Development will temporarily suspend principal and interest payments on loans to small businesses.
CBIA Small Business March 13 article
SBA U.S. Small Business Administration
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
Visit SBA for details
- Paycheck Protection Program
- Economic Injury Disaster Loan Program
- Guidance for Businesses and Employers
- SBA Products and Resources
- Government Contracting
- Local Assistance
Paycheck Protection Program (PPP)
An SBA loan that helps businesses keep their workforce employed during the Coronavirus crisis.
The Paycheck Protection Program is a loan designed to help small businesses stay open and provide a direct incentive for small businesses to keep their workers on the payroll.
- SBA will forgive portions of loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
- The Paycheck Protection Program will be available April 3, through June 30, 2020.
- This program is for any small business with less than 500 employees (including sole proprietorship's, independent contractors and self-employed persons), private non-profit organizations or 501(c)(19) veterans organizations affected by Corona-Virus/COVID-19.
- Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.
- Small businesses in the hospitality and food industry with more than one location could also be eligible at the store and location level if the store employs less than 500 workers. This means each store location could be eligible.
- You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. For a list of SBA Preferred Lenders: https://bit.ly/3aAQ0X1
- Lenders may begin processing loan applications as soon as April 3, 2020.
Economic Injury Disaster Loan Program
Find more information on the SBA’s Economic Injury Disaster Loans at SBA.gov/Disaster.
The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.
Guidance for Businesses and Employers
The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see the following:
- Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)
- Preventing Stigma Related to COVID-19
- Share Facts about COVID-19
- CDC Coronavirus Disease 2019 (COVID-19) Web page
- Information on Coronavirus Disease 2019 (COVID-19) Prevention, Symptoms and FAQ
Center For Disease Control and Prevention
What you need to know, resources and the latest updates.
Town of Greenwich
Coronavirus (COVID-19) Greenwich CT
Town of Greenwich Email alerts: Sign up here to receive COVID-19 related updates
Town of Greenwich Coronavirus (COVID-19) page
Community Connections: Sign up for "Community Connections From Fred" for timely communications and news from First Selectman Fred Camillo
Greenwich United Way
Governor Ned Lamont announced that the State of Connecticut is partnering with United Way of Connecticut to launch an information hotline for questions from the public regarding issues related to the spread of coronavirus (COVID-19).
People who have questions can call 2-1-1 or text “CTCOVID” to 898211.
Greenwich Department of Human Services: Greenwich residents seeking assistance can call 203-622-3800.
Greenwich Hospital/Yale New Haven Health: call center for any questions about the virus, can be reached at 833-275-9644.
Greenwich Public Schools: For more information on Greenwich Public School updates and food pick-up locations visit here or call: (203) 625-7400, Havemeyer Building, 290 Greenwich Avenue, Greenwich, Connecticut 06830.
More Greenwich United Way Resources
Information & Resources to Help Communities #LiveUnited During the Coronavirus Pandemic
- COVID-19 Frequently Asked Questions (FAQs)
- Financial Assistance – For Businesses
- Financial Assistance – For Individuals & Families
- Healthcare & Insurance
- Food & Nutrition
- Transportation, Utilities & Other Basic Needs
- Emotional & Family Support
About 2-1-1 Connecticut
Connecticut Press Club
Where to Get Reliable, Accurate News and Information about Coronavirus (COVID-19)
News about COVID-19 is spreading almost as quickly as the virus itself. As we confront this crisis, the Connecticut Press Club has assembled some national and statewide resources on the global coronavirus pandemic.
National and International News Sources
Connecticut News Sources