Resources For Businesses
Many businesses have had to temporarily close or make major adjustments to operations in the wake of the COVID-19 pandemic. As the State of Ohio and the country responds to these changes, there are now resources available to help small businesses and nonprofits weather the storm.
Below is a list of several organizations that are working to give support to Ohio small businesses and nonprofits during this time.
We will continue to update this list with new information and resources.
U.S. Small Business Administration (SBA)
- The U.S. Small Business Administration (SBA) has approved Ohio's request to allow small businesses and nonprofits to apply for low-interest, long-term loans of up to $2 million. The loans are through SBA's Economic Injury Disaster Loan Program. The loans may be used by small business owners in Ohio or nonprofits to pay fixed debts, payroll, accounts payable, and other bills that are unable to be paid at this time. The interest rate is 3.75 percent for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. Nonprofits will have an interest rate of 2.75 percent.
- The SBA is no longer accepting e-applications for Economic Injury Disaster Loans. Rather businesses are to complete PDF forms offline and upload them to the website. Additionally, businesses will no longer be able to look up application status. The link below leads to location of the new documents: https://disasterloan.sba.gov/apply-for-disaster-loan/index.html
- A detailed webinar has also been posted online that walks businesses and nonprofits through the process of applying for assistance.
Ohio Department of Health
- Governor Mike DeWine and ODH Director Acton announced a new website that provides real-time information about COVID-19 and Economic Support Resources for businesses and individuals.
JobsOhio
- JobsOhio has also compiled a list of resources for businesses to support them through this time. The resources posted on the department's website are meant to "make it as simple as possible" to get businesses the support they need.
- The resources listed include information about the Families First Coronavirus Response Act, IRS COVID-19 Tax Relief, and guidance from the CDC about preparing the workplace.
BusinessFirst!
- BusinessFirst! is an organization in the greater Dayton region that works to connect businesses with resources to help them grow. The organization has created a special page on its website that lists information such as layoff aversion, guidelines from the U.S. Chamber, a link to the state of Ohio's Coronavirus update page, and much more.
