COVID-19 RESOURCES

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Name: COVID-19 RESOURCES
Date: April 1, 2020 - July 15, 2020
Event Description:
States Page on Re-opening:  https://www.mass.gov/info-details/reopening-massachusetts

In lieu of being able to change the main page effectively or easily, this event page will be the source for links, etc. regarding State and Federal response to the COVID-19 crisis.  I will update it as quickly as I can, as information is often changing hourly; also trying to help as best I can at jkerr@mwcoc.com.

Governor Baker announced a four-phased approach to reopening the Massachusetts economy, and published Mandatory Workplace Safety Standards that will apply universally to all workplaces that are open in Phase 1, and are designed to reduce the risk of COVID-19 transmission to employees and customers. As the Lt. Governor and I have mentioned on our weekly calls, this phased reopening (driven by public health indicators and guidance) charts a course to allow some businesses, services, and activities to resume, while protecting public health and limiting a resurgence of new COVID-19 cases.

You can learn more about the four-phase approach and Mandatory Workplace Safety Standards by reading:

Suggestions shared from US Chamber of Commerce (these are not the MA state releases):
Ready to Reopen - for small business
Employee Screening Questionnaire Sample

Payroll Protection Program (PPP) - currently OPEN
EIDL - open for agricultural only
Small business and sole proprietors, Independent contractors and self-employed individuals can apply
Overview of the Program Here
Information Sheet for Borrowers Here
Application form as found on SBA and US Treasury Sites

A video about some of this HERE

SBA / PPP Find Eligible Lenders Here


Important - you have to apply for this through a bank that is a 7 (a) SBA loan originator.  Most banks are prioritizing or only servicing for their current members/clients at this time.  If your bank is not participating in this and you are trying to establish a new loan at a new bank, you will likely have to meet with someone in person; not likely to happen quickly.  ALSO - to put it euphemistically, it sounds like the banks are still looking for some guidance from SBA.  The included application link is a "sample."  Individual banks may be doing it differently and may not even be set up for it yet.  Please note:  SBA app has already changed from 4/2 to 4/3.  I hope they're updating their links.


Chamber Facebook Pages

 
Fees/Admission:
Analogies from Jon:
Day 1 of PPP:  "It's like a tidal wave hitting a wall of sandbags, being built by bank employees, but they can't really figure out where the bags are falling out of the sky from and how close they'll land."
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"It's like having your head in a waffle iron... each cranny has its own batter oozing out."
 
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