covid-19 resources for small businesses
Excerpts from the “Families First Coronavirus Response Act” addressing payroll tax credits for small businesses and self-employed individuals related to paid sick and family leave, including leave resulting from childcare needs arising from school closures.
It is recommended thatl Russellville small businesses and self-employed individuals immediately share and review this attachment with the person responsible for processing payroll and/or their chosen CPA to evaluate the availability of these tax credits for your business.
Click below to access further information:
Information related to immediately available payroll tax credits for small businesses and self-employed individuals related to sick and family leave:
It is recommended that all Russellville small businesses, independent contractors, and self-employed individuals review the information at the above link which is being updated daily by the Small Business Administration and discuss the application process and timeline for accepting these applications with their local bank.
Information related to the forgivable paycheck protection loan program available to small businesses, independent contractors, and self-employed individuals
Russellville Chamber of Commerce Resources
The Russellville Area Chamber of Commerce is working to bring to our members the best resources and information possible to help you navigate the challenges of the coronavirus pandemic. One tool we’ve created is this COVID-19 Business Toolkit. Links we’ve provided will lead to a vast library specifically for small business. Contact the Chamber with your questions and needs.
We encourage you to start with your local bank with whom you already have your existing business account as many banks are, because of demand, being forced to limit application processing for PPP loans to existing customers. The S.B.A. has a search tool to help you find nearby lenders, but — again — they may not take new customers.
Some lenders have said they will work with new customers. They include Kabbage, an online lender that teamed up with a bank; NorthOne, a digital bank that is funding its loans through Radius Bank; and Ready Capital, a nonbank lender already approved to make S.B.A. loans.
Need Help Finding a Lender?
Arkansas State Chamber of Commerce Resources
State Chamber resources for businesses - including the printable sign to post at your business' entrance.