COVID-19 Stimulus Package Information

Small Businesses are one of the hardest hit by the COVID-19 Pandemic

Since Pier5’s creation in 2016 we have been dedicated to the health and survival of our business community. The C.A.R.E.S. Act is the government’s emergency stimulus program to help our economy. This program will be a lifeline for many individuals and businesses. During these difficult times we all must come together in order to get through this. Below we are including a list of direct links to help navigate the process to receive emergency money. If you need assistance or have questions about the stimulus package feel free to contact us. We are more than willing to help.  Please share this with anyone that you might think it will benifit.

Find Your Elected Officials

Best information on government programs come from the people that wrote them. Here is a link to find your elected officials.

https://www.commoncause.org/find-your-representative/addr/

For example, Senator Graham has very clear information on the C.A.R.E.S. Act on his website.

https://www.lgraham.senate.gov/public/index.cfm/coronavirus

Small Business Administration

In general, there are 4 programs to help Small Businesses.

• Paycheck Protection Program: loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
• EIDL Loan Advance: loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
• Bridge loans: Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
• SBA Debt Relief: Forgiveness of up to six months of loans issued by the SBA.
  • For more information about SBA Debt Relief, view their website here – https://www.sba.gov/funding-programs/loans/coronavirus-relief-options 
  • For a list of Eligible lenders, please view this page – https://www.sba.gov/paycheckprotection/find?address=92562&pageNumber=1

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