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.
May 17, 2020
NEW COVID safe practices per Governor Grisham and State of NM Dept. of Health for reopening.
March 25- For employees or others facing financial hardships. The Governor, Michelle Lujan Grisham added this page.
FEDERAL S.3548- CARES ACT BILL PASSED 3-27-2020
NEW MEXICO STAY AT HOME ORDER
NEW MEXICO DEPARTMENT OF HEALTH
STATE OF NEW MEXICO
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.
The Impact of HR-6201 for climbing gyms (Editorial Blog Post)
BUSINESS LENDING AND GRANT PROGRAMS
6/22/20202. NEW! MAIN STREET LENDING PROGRAM
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.
NEW PAYCHECK PROTECTION PROGRAM AND SBA EXPRESS BUSINESS LOANS
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.
Find an Express Bridge Loan Lender by connecting with local SBA office (505) 248-8225
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:
FEDERAL RESERVE LENDING
CITY OF ALBUQUERQUE MICRO-BUSINESS RELIEF PROGRAM
4/3/2020 UPDATE: Micro-Business Relief Program CLOSED Update- City of Albuquerque Small Business Resources.pdf
CABQ BUSINESS RESOURCES
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.
COVID-19 Business Loan Guarantee Program Process:
LEDA Zero-Percent Interest Loans
Other Possible Lending Sources
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”.
Here is the link to apply: Sara Blakely Global Giving Red Back Pack fund Link
Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses
GENERAL INFORMATION STATE OF NEW MEXICO
Her are general State of New Mexico Websites for information related to COVID-19.
DEPARTMENT OF WORKFORCE SOLUTIONS /UNEMPLOYMENT:
The federal unemployment benefit Q & A is below the video on the page below.
AHCNM - ALBUQUERQUE HISPANO CHAMBER OF COMMERCE:
GACC- GREATER ALBUQUERQUE CHAMBER OF COMMERCE:
HBACN: HOME BUILDERS ASSOCIATION OF CENTRAL NEW MEXICO:
GENERAL INFORMATION CITY OF ALBUQUERQUE
City of Albuquerque website
GENERAL INFORMATION FEDERAL GOVERNMENT
Federal Work Safety Corona Virus Information
HEALTH INFORMATION STATE AND LOCAL
NEW MEXICO COVID-19 TEST SITES:
GENERAL US AND GLOBAL INFORMATION