Thoughtful Ways to Give Back to Your Community

Thoughtful Ways to Give Back to Your Community

When a crisis strikes a community, whether local or global, there’s a lot to be said for providing aid and support for those who need it most. At the time of this writing, the world is grappling with the reality of a global pandemic as COVID-19 closes schools and restaurants indefinitely, tests the healthcare system, and puts nations into lockdown. In times like these, it’s critical for us to lean on our humanity and work through this issue together. Those in a position to give are encouraged to contribute, whether that is through time, resources, or even positive energy.

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Frequently Asked Questions About Economic Injury Disaster Loans

Frequently Asked Questions About Economic Injury Disaster Loans

These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.

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Information about Small Business Tax Provisions

Information about Small Business Tax Provisions

This provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis.

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