Gloucester County Chamber of Commerce

PPP LOAN INFORMATION

Last week, Jeff Szyperski from Chesapeake Bank held a Zoom meeting to talk about the Federal Cares Act. Here he has answer questions and bring us information about the CARES Act.

This Zoom call was held prior to the funding for the first phase of the CARE Act. We still feel this information might answer questions in regards to other loan applications during this time.

Thank you Chesapeake Bank for hosting this event and answering questions.

COVID-19 RESOURCES

Virginia Chamber of commerce

economic development agency

VIRGINIA RETAIL FEDERATION

retail alliance

U.S. Congressman rob wittman

GLOUCESTER COUNTY

GLOUCESTER WEEKLY TOWN CRIER

SUMMARY, LINKS, RESOUCES: QUICK GUIDE

The U.S. Small Business Administration has launched a new webpage for the Economic Injury Disaster Loan (EIDL) Application. Here is a link to the page. One of the key benefits of EIDL is the grant feature. The CARES Act created a new SBA Economic Injury Emergency Grant Program. 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 the EIDL. To access the advance, companies must 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.
Many companies are asking whether they are considered “essential” or “non-essential.” I am referring these companies to the Governor’s Executive Order 55 and Executive Order 53. The latter has the thorough explanation of business-types expected to close.
Resources from the U.S. Chamber of Commerce: The U.S. Chamber continues to create, update, and evolve various resources-including the Live Blog, Coronavirus Response Toolkit, Small Business Guide, Coronavirus Workplace Flyer, and more-to ensure that you and your members have the most up to date information and impactful tools to navigate this pandemic. For additional information and resources please visit the Virginia Chamber of Commerce's COVID-19 Resource Center.

Families First Coronavirus Response Act* Includes info on paid sick time, paid family leave, UI benefits, SBA vs. Business Interruption loans & Phase 3 discussions
*You can find additional small business information on the NFIB COVID-19 resource page
Department of Homeland Security Guidance on What Is Critical Infrastructure
Virginia Manufacturer Association VMA COVID-19 Resource Page
Virginia Department of Professional and Occupational Regulation COVID-19 Update Page outlines regulated non-essential businesses that must close
Many businesses are having questions about classification of Employee vs Independent Contractor. See IRS Revenue Ruling 87-41: The Twenty Factors
FEMA has a page on HOW TO HELP that gives contact information producing COVID-19 related products. *Contact the SBDC office if you want more detail on the challenges of creating/manufacturing personal protective products, and we'll put you in touch with our International Trade Manager and other subject matter experts.

Below is a pdf from the Virginia SBDC which offers a brief explanation of the SBA emergency loan programs, including COVID-related programs.

covid_-_virginia_sbdc_-_sba_loan_overview.pdf
File Size:	375 kb
File Type:	pdf

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When you buy from
a small business.
An actual person
does a happy dance.

see what
business are open?

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FOR QUESTIONS, PLEASE EMAIL THE CHAMBER @ chamberexec@glocochamber.org

MISSION STATEMENT:
The Gloucester County Chamber of Commerce supports local business and the community through advocacy, education, and promotion.

Let us be your REP!

R= REPRESENT

E= EDUCATE

P= PROMOTE

Congratulations to the recipients of this year's Gloucester County Chamber of Commerce Business and Community Awards!

The LOVE Gloucester Award - Gloucester Brewing Company - Mike Brewer and Myron Ware
Non-Profit of the Year - Gloucester Montessori School - Robin Reuter and Carlos Morales
Small Business of the Year - Kelly Marderosian Photography - Kelly Marderosian
Best New Business of the Year - Home Care Associates - Ebony Nickens
Professional of the Year - Michelle Green - Blown Away Salon