Coronavirus Relief & Recovery for Small Businesses
Our thoughts are with all who have been impacted by the recent outbreak of COVID-19. We know that this creates uncertainty, not only in your personal lives, but also in the business communities. As business owners and leaders it is important to remain informed and prepared as we navigate through these challenging and unprecedented times. Public health remains to be our number one priority and while recognizing social distancing is essential during this time, we do not want to overlook the importance of supporting our local economy. We compiled a list of resources now available for small business owners impacted by COVID-19. This is a rapidly changing situation and we will continue to update this page as new resources become available.
We would like to thank you for your tenacity, creativity and positive spirit as we all adapt to this new normal. Although these are uncertain times, one thing is certain, we are Tavares Strong and we will get through this together.
Bob Tweedie, Economic Development Director
Coronavirus Relief Resources
Orlando Economic Partnership Brace Program : The Orlando Economic Partnership (the Partnership) has launched a Business Recovery Assistance and Collaborative Engagement (BRACE) program. A communications and case management platform, BRACE provides a free service that helps identify and then connect small businesses to the resources they need most.
Economic Injury Disaster Loan Information: This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.*
*Notice: Lapse in Appropriations - SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. Source: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance
**Notice: PPP Resumed April 27, 2020 - The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT. Source: SBA - Paycheck Protection Program
SBA Debt Relief: The Small Business Administration (SBA) Debt Relief Program will provide a reprieve to small businesses as they overcome the challenges created by the COVID-19 health crisis. Under this program, the SBA will pay the principal and interest of new 7(a) loans issued prior to September 27, 2020. The SBA will also pay the principal and interest of current 7(a) loans for a period of six months. More information on how to apply is coming soon.
State and Federal Resources for Employers and Individuals: The Florida Department of Economic Opportunity (DEO) has compiled a list of both state and federal resources to assist communities, businesses and Florida residents who are faced with unemployment.