It’s been a wild ride this past month since COVID-19 has become an ever changing daily topic of our lives and impact on our small businesses. Now, with the Governor extending the stay at home order through the end of April, we feel your anxiety about the unknown especially how to navigate all the information that is out there!
This is absolutely a time to lean on YOUR BUSINESS ASSOCIATION. Kirkwood Business Owners' Association was formed to promote, advocate and connect - no matter the circumstances. During these uniquely challenging times, here is what we are doing on your behalf:
COVID-19 business impact and response surveys that convey the needs of the business community to the City of Atlanta.
Drafting a letter to the Mayor Bottoms and City Council advocating to alleviate license fees for 2020.
Weekly emails and blog posts with business resources
Members can expect a check-in call from our board of directors over the next few weeks.
Virtual meetings over the next few months.
UNEMPLOYMENT FILING & DOR TAX DEADLINES
As an Employer: Unemployment Filing for Partial Claims for your Employees
Update on Department of Revenue Tax Filing Deadlines
PUA (Pandemic Unemployment Assistance)
This includes individuals who are self-employed, gig workers, 1099 independent contractors, or those with limited work history who will not qualify for state unemployment benefits.
The GDOL is modifying its current online unemployment application adding new questions to better identify those individuals who may be eligible for PUA. This modified application is expected to be available on Monday, April 13, 2020. Once the application is received, it will take several weeks to process.
If you have already filed a claim with the GDOL and will be eligible to potentially receive benefits under this program, you do NOT have to refile your claim. These individuals will be identified and sent an email with a link to provide additional information for the Pandemic Unemployment Assistance (PUA) Program.
BUSINESS OWNERS &
CARES ACT: PPP AND EIDL
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the current circumstances they are encountering. The CARES Act provides funding for the Paycheck Protection Program, modifies the existing Economic Injury Disaster Loan (EIDL) program and provides immediate loan payment relief for current SBA 7(a) borrowers.
DOWNLOAD THE WEBINAR SLIDES
NFIB Coronavirus Part V: UPDATE – SBA’s EIDL and PPP Loan Programs
UPDATE ON INVEST ATLANTA BUSINESS CONTINUITY LOAN FUND AS OF 4.7.20
- In just over two weeks the small business continuity loan fund has over 500 inquiries and/or applicants at some point in the process.
- To date 13 loans have been approved and over 80 are under review.
- Suspending the acceptance of applications. Only complete applications will be reviewed and considered at this time.
In the process of working with philanthropy and other partners to increase the funds available, with the intention of increasing the number of small businesses that can be served through this program.
Please share that all applications in process, but not completed, will be placed on hold until additional funds are identified.
Program updates will be sent out to applicants via email.
Those who have not yet begun an application, but are interested in receiving updates, should fill out this brief survey and indicate their interest in the business continuity loan fund.