Business Resources (COVID-19)

Woman putting up a reopening/social distancing sign

Collier CARES

Learn more about Collier CARES.

Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing billions toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

To learn more visithome.treasury.gov/cares

Visit the following link to request business assistance: http://floridajobs.org/rebuildflorida/businessrecovery 

You can simultaneously submit applications at SBA: https://www.sba.gov/funding-programs/disaster-assistance

For assistance in completing these applications, contact your local Florida Small Business Development Center (SBDC) office at [email protected] or 239-745-3700.

Learn more about FGCU's RESTART SWFL Economic Recovery Initiative 

Resources and Services

If your business needs assistance due to the COVID-19 pandemic, the following information is intended to connect you to resources and services that are available to help. 

SBA Disaster Recovery Q&A Sessions
9/21 - 9/25 
11:00 A.M. – 12:00 P.M. (en Español)
2:00 P.M. – 3:00 P.M.

Was your small business affected by Covid-19? Are you looking for small business funding? You have questions, we have answers! Join us during our virtual hours and have your Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) questions answered by a live person. Participants may call at any time and are welcome to enter and exit at will.

Monday - Wednesday
2pm – 3pm
Join Microsoft Teams Meeting
202-765-1264; Conference ID – 191 652 154

 

Wednesday (en Español)
11am – 12pm
Join Microsoft Teams Meeting
202-765-1264; Conference ID – 919 146 391

Paycheck Protection Program (PPP) "Next Steps" Webinar

The U.S. Small Business Administration, in consultation with the Department of the Treasury, published a revised, borrower-friendly Paycheck Protection Program loan forgiveness application implementing the PPP Flexibility Act. 

Join the South Florida District Office as we explore the next steps in the PPP process.

*Eventbrite access is required to register for the events.

(en español) Monday, September 21 
11am – 12pm EST
Click here register on Eventbrite.

Monday, September 21
1pm – 2pm EST
Click here register on Eventbrite.

Tuesday, September 22
1pm – 2pm EST
Click here register on Eventbrite.

Wednesday, September 23
1pm – 2pm EST
Click here register on Eventbrite.

Click here to view the EZ Forgiveness Application.

Click here to view the Full Forgiveness Application.

Paycheck Protection Program (PPP)
Small Business Administration (SBA) with support from the Department of the Treasury (Federal)

Provides small businesses with 500 or fewer employees (and some larger than 500 in certain industries) with funds to pay up to 8 weeks of payroll costs, including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Eligibility

Businesses and entities must have been operating as of February 15, 2020. Funds are provided as forgivable loans if the employer maintains or quickly rehires employees and maintains salary levels. A full program overview is available here.

Application

You can apply via any existing SBA lender or through any federally insured depository institution, credit union, and Farm Credit institution that is participating. Other lenders will be added to the program once approved. The borrower application can be found here.

Fund Availability

Small businesses and sole proprietorship can apply starting April 3. Independent contractors and self-employed can apply starting on April 10. Businesses are encouraged to apply quickly due to a funding cap.

Website/Details

sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

The PPP Loan Forgiveness Application and instructions can be found here

Small Business Debt Relief Program
Small Business Administration (SBA) (Federal)

The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for six months and will also cover new ones issued prior to September 27, 2020. For current SBA Serviced Disaster (Home and Business) Loans, if the loan was in “regular servicing” status on March 1, the SBA is providing automatic deferments through the end of the calendar year.

Eligibility

Per the SBA, this should be directed to the applicable loan servicing office.

Application

Per the SBA, this should be directed to the applicable loan servicing office.

Fund Availability

Per the SBA, this should be directed to the applicable loan servicing office.

Website/Details

sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief

Economic Injury Disaster Loans
Small Business Administration (SBA) (Federal)

Small businesses, private non-profit organizations, homeowners, and renters can secure up to $2 million to help overcome temporary loss of revenue as a direct result of COVID-19.

Eligibility

Eligible applicants may include small businesses, small agricultural cooperatives, and most private nonprofit organizations.

Application

An application can be found here.

Fund Availability

Up to $2 million.

Website/Details

covid19relief.sba.gov

Economic Injury Disaster Loan Emergency Advance
Small Business Administration (SBA) (Federal)

This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19. Upon successful application, this loan advance will not have to be repaid.

Eligibility

Small businesses with less than 500 employees, including sole proprietorship, independent contractors, and self-employed persons. Certain employers of more than 500 are eligible for certain industries.

Application

An application for the COVID-19 Economic Injury Disaster Loan and loan advance can be found here.

Fund Availability

Up to $10,000.

Website/Details

sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance

SBA Express Bridge Loans
Small Business Administration (SBA) (Federal)

This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis for disaster-related purposes to eligible small businesses while the business applies and awaits long-term financing.

Eligibility

If a small business with an existing relationship with an SBA Express Lender has an urgent need for cash while awaiting a decision and disbursement on an Economic Injury Disaster Loan (EIDL), they may qualify for an SBA Express Disaster Bridge Loan.

Application

The expedited process is handled directly by the particular SBA Express Lender already servicing the business.

Fund Availability

Up to $25,000. Will be repaid in full or in part by proceeds from the EIDL once awarded.

Website/Details

sba.gov/sites/default/files/2020-03/Express-Bridge-Loan-Pilot-Program-Guide-FINAL-3.25.20

Florida Small Business Emergency Bridge Loan COVID-19
FL Department of Economic Opportunity (DEO) (State)

Short-term, interest-free working capital loans for FL business owners to bridge between the disaster and secured longer-term recovery resources.

Eligibility

Detailed eligibility requirements can be found here.

Application

Online and printable applications are available here. Applications accepted through May 8, 2020, contingent on the availability of funds.

Fund Availability

These funds are not grants and must be repaid from longer-term financial resources.

Website/Details

floridajobs.org/rebuildflorida/businessrecovery

Business Counseling & Training
Small Business Administration (SBA) (Federal)

This is provided by the local Small Business Development Center (SBDC), Women’s Business Center (WVC), Minority Business Development Agency’s Business Centers (MBDCs), or SCORE mentor ship chapter and provide up-to-date counseling and resources to businesses related to COVID-19.

Eligibility

N/A

Application

N/A

Fund Availability

N/A

Website/Details

sba.gov/local-assistance/find

Employee Retention Tax Credit
Department of the Treasury (Federal)

Designed to encourage businesses of any size to keep employees on their payroll.

Eligibility

Available to all employers regardless of size, including tax-exempt organizations. There are two exceptions: state and local governments (and their instrumentality) and small businesses who take Small Business Loans.

Application

No application. Based upon calculations outlined here, employers immediately reduce the amount of payroll taxes they withhold from employees’ wages that they are required to deposit with the Treasury.

Fund Availability

N/A

Website/Details

home.treasury.gov/news/press-releases/sm962

Small Business Development Center (SBDC) for SWFL
(Joint Venture of SBA, DEO, and Private Sector Entities Hosted by FL Colleges and Universities)

Providing updated information for small businesses to aid in financial decision-making during the COVID-19 pandemic. Specialists are available to help businesses develop business continuity, preparedness, and disaster recovery plans at no cost.

Eligibility

N/A

Application

Provides loan committees to review bridge loan applications.

Fund Availability

N/A

Website/Details

fsbdcswfl.org/covid-19-coronavirus-resources

Community Development Block Grant (COVID-19)
(Federal-HUD, State-DEO)

*Allocation of funds being determined by the Economic Task Force.
*Allocation of funds to be determined based on the monitoring of ongoing federal and state assistance and identification of future community needs.

Provided for infectious disease response. Grantees should coordinate with local health authorities before undertaking any activity to support state or local pandemic response.

Eligibility

Funding can be used for buildings and improvements, assistance to business, public services – including rent, and planning/capacity building/technical assistance.

Application

Local coordination and application process are currently in development.

Fund Availability

Collier County expects approx. $1.2 million to be available for COVID response supports and services.

Website/Details

https://www.hudexchange.info/programs/cdbg/

Federal Reserve Main Street Lending Program

Designed to help credit flow via registered lenders to businesses that were in sound financial condition before the pandemic but now need financing to maintain operations.

Eligibility

Small and medium-sized businesses.

Application

Registration forms for lenders and information for borrowers can be found here.

Fund Availability

The program offers 5-year loans with floating rates. Loans range from $250,000 to $300 million.
Main Street loans are not grants and cannot be forgiven.

Website/Details

General information on the program can be found here.
A comprehensive FAQ can be found here.

USDA Farm Loan Discovery Tool
(Federal – Dept. of Agriculture)

USDA offers a variety of funding opportunities to help farmers, ranchers, and forest landowners finance their businesses. This tool allows you to explore funding programs to find the appropriate support.

Eligibility

Varies based on funding programs utilized.

Application

Per fund source selected.

Fund Availability

N/A

Website/Details

farmers.gov/fund

Community Development Block Grant – Disaster Recovery (CDBG-DR) (Irma)
(Federal - HUD/State - DEO)

Supports long-term recovery efforts following Hurricane Irma. DEO’s Office of Disaster Recovery developed an action plan to guide this funding to address unmet recovery needs through housing, economic development and infrastructure programs.

Eligibility

Working with impacted communities, DEO submitted a plan detailing proposed use of funds, including criteria for eligibility, and how the use of these funds will address long-term recovery and restoration of infrastructure, housing, and economic revitalization.

Application

Housing and business recovery information, eligibility requirements, and applications can be found here.

Fund Availability

As of March 2020, Florida had been awarded $100 million in DR funding.

Website/Details

floridajobs.org

Community Development Block Grant – Mitigation (CDBG-MIT)
(Federal-HUD/State-DEO)

Available to the state of Florida for disaster mitigation projects in areas impacted by presidentially declared disasters in 2016 and 2017.

Eligibility

Units of local government, state agencies, non-profits are eligible for the General Infrastructure Program and Critical Facility Hardening Program. Along with educational institutions, the aforementioned entities are also eligible to apply for the General Planning Program. If an entity is not a unit of local government, they must apply in partnership with their local government.

Application

Currently, CDBG-MIT is not accepting any applications. DEO submitted its State Action Plan on February 3, 2020. HUD has 60 days to review and approve/disapprove the plan. If approved, the application cycle will be announced soon. Grants are anticipated to be awarded by late 2020.

Fund Availability

$633 million has been made available for Florida.

Website/Details

floridajobs.org/rebuildflorida/mitigation

Federal Transit Administration (FTA) Grant
Federal Transit Administration
(Federal)

Supports capital, operating, and expenses generally eligible under the urban and rural programs to prevent, prepare for, and respond to COVID-19. Can offset operating expenses since January 20, including expenses to maintain transit services and paying for administrative leave for transit personnel due to reduced operations.

Eligibility

Funding is provided at a 100% federal share – no local match required. More details on eligible expenses can be found here.

Application

Funding will be disbursed through FTA apportionments to its Urbanized Area and Rural Formula programs.

Fund Availability

$9,188,742 allocated to the Collier/Lee Urbanized Area apportioned at 88.79% for Collier County, 11.21% to Lee County.

Website/Details

transit.dot.gov/coronavirus

USDA Purchasing of Surplus Perishable Commodities
Dept. of Agriculture (Federal) 

During June and July, USDA will be purchasing perishable commodities from agricultural producers for nationwide distribution to community food banks and pantries.

Eligibility

You must become a USDA-approved vendor

Application

The approved-vendor application can be found here.

Fund Availability

$470 million has been made available for perishable commodity purchasing. 

Website/Details

 https://www.ams.usda.gov/selling-food

EDA Public Works & Economic Adjustment Assistance Program (including CARES Act Funding) 

Department of Commerce (Federal) 

For rural and urban areas to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. 

Eligibility

State, local, and tribal governments, special districts, non-profits. Grants and cooperative agreements made under these programs are designed to support economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities.

Application

Applications will be accepted on an ongoing basis until the publication of a new PWEAA NOFO. The application is available under the Package tab here

Fund Availability

Maximum award - $30M Minimum award - $100K

Website/Details

 https://www.grants.gov/web/grants/view-opportunity.html?oppId=321695