Your Business & COVID-19 in New Mexico


05 Aug
05Aug

Here is a list of resources that you might find helpful to navigate through these times to stay informed and obtain valuable information that might help your business.


NEW FREE PRINTABLE POSTERS FOR SMALL BUSINESSES OR ORGANIZATIONS.  These can help remind employees and customers the importance of wearing masks, washing hands etc.. They were provided by content writer Miri Colman


NEW COVID safe practices per Governor Grisham and State of NM Dept. of Health for reopening.

All Together New Mexico PDF - 47 pages


March 25- For employees or others facing financial hardships.  The Governor, Michelle Lujan Grisham added this page.

Information For Individuals Experiencing Financial Hardship


FEDERAL S.3548- CARES ACT BILL PASSED 3-27-2020

CARES ACT - Bill S.3548 

New Mexico Small business owners GUIDE to the CARES Act

New Mexico CARES Act Summary

New Mexico CARES Act FAQ's

Additional Indexed SUMMARY of Federal CARES Act

Learn how much each state will receive


NEW MEXICO STAY AT HOME ORDER

Mandate Document

List of Businesses Deemed Essential

3-27 New Mexico law enforcement address rumors regarding police pulling over drivers


NEW MEXICO DEPARTMENT OF HEALTH

NM Dept of Health Website

Department of Health launches online tools for COVID-19 test results

New Mexico Department of Health COVID-19 Testing Results Application


STATE OF NEW MEXICO

State of New Mexico

Governor officially extends emergency order to April 30

Governor Michelle Lujan Grisham PRESS RELEASES

March 23 State enacts Public Health Order - Stay At Home

March 23 Public Health Order: FAQs


Family Leave Act Overview (FMLA of FFCRA)- 

NEW name FAMILIES FIRST CORONAVIRUS RESPONSE ACT

This update to the Families First Response Act goes into effect on April 1st 2020.

2020-03-17 DOCUMENT- Emergency Paid Sick-Family Leave Act.pdf

Guidance Explaining Paid Sick Leave (FFCRA) from Dept of Labor

FFCRA FACT SHEET for Employees

FFCRA FACT SHEET for Employers

FFCRA QUESTION & ANSWERS

The Impact of HR-6201 for climbing gyms  (Editorial Blog Post)

Family and Medical Leave Act -Dept of Labor

FMLA Overview


BUSINESS LENDING AND GRANT PROGRAMS


6/22/20202. NEW!  MAIN STREET LENDING PROGRAM

https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm

Questions and Answers PDF

What is Mainstreet Lending Video


SBA DISASTER LOAN ASSISTANCE (CARE ACT)

Additional information about our Economic Injury Disaster Loans:

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.


(EIDL) Economic Injury Disaster Loans and Loan Advance APPLICATION

SBA.gov Disaster Loan Front Page (with link for application)

Emergency Loans Small Business Guide & Checklist PDF

SBA Disaster Loan Fact Sheet


NEW PAYCHECK PROTECTION PROGRAM AND SBA EXPRESS BUSINESS LOANS

NEW Paycheck Protection Program (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The Paycheck Protection Program will be available through June 30, 2020.

SAMPLE APPLICATION  Borrower Paycheck Protection Program Application_0.pdf

 NEW!  PayPal also processing PPP (Paycheck Protection Program) Loan applications.  APPLY HERE


SBA EXPRESS BRIDGE LOANS

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Terms

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan


Find an Express Bridge Loan Lender by connecting with local SBA office  (505) 248-8225


US Small Business Administration/Albuquerque Branch

If you currently have an SBA 504 loan, the Federal government is offering payment deferment for up to 6 months through the CDC.  

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

Under this program:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.


FEDERAL RESERVE LENDING

Federal Reserve announces extensive new measures to support the economy


CITY OF ALBUQUERQUE MICRO-BUSINESS RELIEF PROGRAM

4/3/2020 UPDATE:  Micro-Business Relief Program CLOSED  Update- City of Albuquerque Small Business Resources.pdf

City of Albuquerque (CABQ)  Micro-Business Relief Program

CABQ Micro Business Relief Program -FAQ's

CABQ Micro Business Relief APPLICATION


CABQ BUSINESS RESOURCES

CABQ Business & Organization Resources  (Has several links on page)

State of New Mexico – Help for Businesses Negatively Impacted by COVID-19


BUSINESS LOAN GUARANTEE PROGRAM from NM Economic Development For Covid-19

The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19. NMEDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000. Loan proceeds are flexible and can be used for (and not limited to) the following: working capital, inventory and payroll.

NMEDD Website

Help for Businesses Negatively Impacted by the COVID-19 Health Emergency

ONLINE application

PDF application

List of NM Lender Partners 


COVID-19 Business Loan Guarantee Program Process:

  • Borrower approaches their lending institution or locates a lender to discuss getting a loan or line of credit  
  • Lender vets project and applies to the program  
  • Lender and NMEDD sign agreement   
  • Lender makes the loan   
  • NMEDD guarantees the loan in case of default  

LEDA Zero-Percent Interest Loans 

  • Limited to expenditures for land, building and infrastructure
  • Can be used for lease abatement or mortgage assistance
  • Company must be a qualified entity (manufacturer, non-retail service business with more than 50% of revenue generated out of state)
  • All loans will be required to provide security equal to the amount of the loan

For assistance with LEDA loans, find & contact your Regional Representative, or contact Mark Roper, Mark.Roper@state.nm.us or (575) 562-0327


Other Possible Lending Sources

SIC approves creation of $100 million NM recovery fund

New Mexico Association of Grant Makers

Funding Opportunities for Non-Profit & Profit Small Business

New Mexico Main Street


GRANTS 

Facebook Small Business Grants Program

Information from their site:  “Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. We’ll share more details as they become available”.

Facebook Small Business Grants Program

Google is offering $340 million in free ads

Ladies:  Sara Blakely Is Giving $5 Million To Support Female-Run Small Businesses

Here is the link to apply:  Sara Blakely Global Giving Red Back Pack fund Link

Grant Station:  A list of different grants being offered


Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses

https://home.treasury.gov/news/press-releases/sm951


GENERAL INFORMATION STATE OF NEW MEXICO 

Her are general State of New Mexico Websites for information related to COVID-19.

http://www.newmexico.gov/

https://www.newmexico.gov/i-need-assistance/

https://www.nmmainstreet.org/coronavirus-resources/

https://www.dws.state.nm.us/COVID-19-Info


DEPARTMENT OF WORKFORCE SOLUTIONS /UNEMPLOYMENT:

The federal unemployment benefit Q & A is below the video on the page below.

Coronavirus unemployment benefits. Here's who qualifies and how much they get.


Dept of Workforce Solutions

https://www.dws.state.nm.us/Portals/0/DM/UI/COVID-19%20UI%20Fact%20Sheet.pdf

https://www.newmexico.gov/2020/03/22/income-support-division-isd-offices-are-open-but-we-urge-you-to-apply-for-benefits-online-or-by-the-phone/


AHCNM - ALBUQUERQUE HISPANO CHAMBER OF COMMERCE:

ABQ Hispano Chamber of Commerce

AHCNM Initiatives

https://www.ahcnm.org/uploads/1/0/7/8/107851765/resource_handout.pdf


GACC- GREATER ALBUQUERQUE CHAMBER OF COMMERCE:

ABQ Chamber of Commerce

https://greaterabq.com/covid-19-video-updates-for-albuquerque-area-businesses/


HBACN: HOME BUILDERS ASSOCIATION OF CENTRAL NEW MEXICO:

Home Builders Association 

http://www.hbacnm.com/march-24th-covid-19-hba-of-cnm-update/


GENERAL INFORMATION CITY OF ALBUQUERQUE

List of city services, programs and events impacted by COVID-19

City of Albuquerque website


GENERAL INFORMATION FEDERAL GOVERNMENT

Department of the Treasury


DEFERMENTS-EXTENSIONS

The IRS Says You Have Until July 15 To Make 2019 IRA Or HSA Contributions

Treasury and IRS Delay Federal Tax Day from April 15 to July 15

NM Department of Taxation and Revenue Website 

New Mexico extends income and payroll tax deadlines 

Federal Government Tax Deferment


Federal Work Safety Corona Virus Information

https://www.dol.gov/coronavirus


HEALTH INFORMATION STATE AND LOCAL

NM Dept of Health


NEW MEXICO COVID-19 TEST SITES:

New Mexico Test Sites


GENERAL US AND GLOBAL INFORMATION

Reported Cases in the United States

Center for Disease Control Website 

World Health Organization Website 

Manage Anxiety & Stress

Keeping the Workplace Safe

https://www.cdc.gov/coronavirus/2019-nCoV/index.html

https://www.who.int/emergencies/diseases/novel-coronavirus-2019/situation-reports/

https://www.dol.gov/coronavirus

https://www.cdc.gov/coronavirus/2019-ncov/community/guidance-business-response.html?CDC_AA_refVal=https%3A%2F%2Fwww.cdc.gov%2Fcoronavirus%2F2019-ncov%2Fspecific-groups%2Fguidance-business-response.html





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