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Coronavirus Resources for Greenwich Businesses and Community

Business Resources:

Governor Lamont's Up-to-date Coronavirus Press Releases


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.
 
 
Lamont announces launch of the Connecticut Recovery Bridge Loan Program to help small businesses and nonprofits
Lamont today announced that Connecticut small businesses and nonprofits that have been negatively impacted by the global spread of the COVID-19 pandemic can now apply for one-year, no-interest loans of up to $75,000 under the launch of a new program administered by the state's Department of Economic and Community Development (DECD).
 
The Connecticut Recovery Bridge Loan Program will make $25 million available to Connecticut businesses and nonprofits that have 100 or fewer employees to assist with cash flow. Loan amounts are up to the lesser of either three months operating expenses and/or $75,000.
 
"We know that our small businesses and nonprofits have been hit hard by the public safety measures put into place to prevent the spread of this disease," Governor Lamont said. "Owners are understandably worried about their business, their employees, and their future. This program was designed to provide immediate financial assistance to help these organizations maintain operations and get through this difficult time."
 
Provisions and eligibility requirements include:
  • 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.
All eligibility and application information can be found on the state's COVID-19 website at ct.gov/coronavirus.
 
Early results of a business survey being conducted by the nonprofit organization AdvanceCT, in partnership with DECD and the Connecticut Business and Industry Association (CBIA), indicate that companies' most critical need at this time is assistance with cash flow, with 82 percent of respondents expecting a drop in revenue due to the virus.
 
"We have been in close communication with our small business and nonprofit communities throughout this crisis and certainly understand their sense of urgency," DECD Commissioner David Lehman said. "We believe this program provides the quick, short-term financial assistance they need to maintain operations and weather this storm."


Related Articles

News 8
 
CT Post

 




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
Employer Guidance

 




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 (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.
Who Can Apply
  • 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 organization 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.
How to Apply
  • 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.

More information


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.

Click here to apply.

Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.


Guidance for Businesses and Employers 

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

The President's Coronavirus Guidelines for America - 15 Days to Slow the Spread

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:

 


 

Community Resources:



Center For Disease Control and Prevention
Coronavirus (COVID-19)
What you need to know, resources and the latest updates.
Visit CDC
 


 

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
2-1-1 Connecticut's new online resource guide can help communities #LiveUnited! Staying connected to coronavirus-related information and available help can be challenging. Information is changing rapidly, families and businesses are struggling, and some traditional services are not currently operating.
 
Visit uwc.211ct.org/covid19resources to access information and resources on:
 
Looking for ways you can help?
There is a critical need for blood donations, monetary contributions, volunteers at food programs, and more. The Information & Resources to Help Communities #LiveUnited During the Coronavirus Pandemic also contains volunteer and donation opportunities.
 
Click HERE to access 2-1-1 Connecticut's Coronavirus Pandemic Resource Guide.

About 2-1-1 Connecticut
2-1-1 Connecticut is a free health and human service information and referral service, with a continuously updated database of more than 4,000 agencies and 40,000 programs and services. Free, confidential assistance is available 24 hours a day, 7 days a week, every day of the year online at 211ct.org and over the phone by dialing 2-1-1. 2-1-1 Connecticut has organizational accreditations from the Alliance of Information and Referral Systems (AIRS), and the contact center is certified by the American Association of Suicidology for crisis intervention.
 
For the latest information, executive orders, and guidance related to coronavirus visit ct.gov/coronavirus.
 



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

The New York Times is offering free access to its coverage of the coronavirus outbreak.
 
Healthline
 
Statnews

Connecticut News Sources
 
The Hartford Courant
 
New Haven Register 
 
Stamford Advocate
 
CT Public Radio