COVID-19 Resources for Businesses

Many local organizations have partnered together to provide a useful webpage of COVID-19 resources for businesses. We hope to better serve our local business community during this time of uncertainty. For the latest COVID-19 information, click the button below.

Reopening your business

Reopening Guidelines

Checklist for Phase 1

Symptom Screening Checklist

Printable Max Occupancy Sign (SPA / ENG)

Printable “Know Your Ws” Sign

General Business Resources

Surry County COVID-19 Updates

North Carolina Economic Development Partnership
NC Chamber of Commerce
U.S. Chamber of Commerce
NC Restaurant & Lodging Association
Retail Strategies for Small Business
(CDC) Centers for Disease Control and Prevention – Interim Guidance for Businesses and Employers
(CDC) Centers for Disease Control and Prevention – Disinfecting Your Facility if Someone is Sick
Occupational Safety & Health Administration (OSHA) – Guidance on Preparing Workplaces for an Influenza Pandemic
Food Safety and the Coronavirus Disease 2019

Information Regarding Face Coverings

Workplace Decision Tree
Keep employees working vs. Layoff or RIF

Supply Connector (For Manufacturers and Material Suppliers)

Financial Resources

Lights-On Covid Recovery Loan

CARES Act Economic Relief Plan

Small Business Administration (SBA) Loans

Golden LEAF Loan Info.

Facebook Small Business Grants
North Carolina Department of Revenue (NCDOR)
Internal Revenue Service (IRS) – Coronavirus Tax Relief
Aid for Small Businesses
Aid for Medium-Large Businesses

Save Small Business Fund

The Mount Airy News Media Group – Community Grant Program

Employee resources

Families First Coronavirus Response Act: Employee Paid Leave Rights
Department of Employment Security
Aid for Individuals

Frequently Asked Questions / Concerns

Included in H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act (known as Package 1), which Senator Tillis supported, is funding to enable the Small Business Administration (SBA) to make up to $7 billion worth of small business loans.

SBA Economic Injury Disaster Loan Program

• Small businesses suffering substantial economic injury from the Coronavirus (COVID-19) may be eligible to receive low-interest federal disaster loans through the SBA

• Specifically, SBA’s Economic Injury Disaster Loans offer:

o Up to $2 million in assistance to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact

o The interest rate is 3.75% for small businesses and 2.75% for non-profits

o SBA offers long-term repayment to keep payments affordable, up to a maximum of 30 years.

Terms are determined case-by-case, based upon borrower’s ability to repay

• Following a request received from a state’s or territory’s Governor, SBA will issue under its own authority, an Economic Injury Disaster Loan declaration allowing these loans to begin flowing to impacted businesses

• On March 17, 2020, Senator Tillis, along with Representatives Hudson and Price, sent a letter to SBA urging them to consider North Carolina’s request as quickly as possible: approval was granted the following day on March 18th

Additional information and available at https://www.sba.gov/page/coronavirus-covid-19-small-businessguidance-loan-resources

H.R. 6201, the Families First Coronavirus Response Act (known as Package 2) requires employers to provide temporary paid leave to employees who cannot attend work due to personal medical needs, caregiving needs, or childcare needs. Included in H.R. 6201 is a refundable payroll tax credit to reimburse employers – dollar for dollar – for expenses they incur for paid sick leave and family and medical leave as well. Additionally, small businesses under 50 employees may apply for a waiver from the Department of Labor (DOL) to exempt them from paid leave requirements if it would place them in significant financial hardship.

In a press release, Department of the Treasury Secretary Steven Mnuchin announced, “To protect businesses concerned about cash flow, the Treasury will use its regulatory authority to advance funds to employers in a number of ways. Employers will be able to use cash deposited with the IRS to pay sick leave wages. Additionally, for businesses that would not have sufficient taxes to draw from, Treasury will use its regulatory authority to make advances to small business to cover such costs.”

The paid leave requirements are designed to be temporary and with the goal of covering as many Americans as possible for the worst of the COVID-19 outbreak. Per Department of Labor (DOL) statistics, 89% of large companies (defined as 500+ employees) already have paid leave regimes in place. With this in mind, Congress

decided to focus the paid leave on medium and small-sized businesses. Small businesses (under 50 employees) were specifically provided an exemption process as they generally, have the fewest resources and redundancies to cover unexpected costs.

On March 17, 2020, Department of the Treasury Secretary Steven Mnuchin announced a three-month extension for tax filings. Specifically, this allows individuals to defer filing up to $1 million worth of earnings without incurring interest or penalties. Likewise, businesses are allowed to defer up to $10 million. This is designed to reduce burdens on small businesses and business owners, many of whom pass through their taxes on their individual returns.

The provisions passed in Package 1 and Package 2 are just the beginning, and additional help is on the way. Another round of economic stimulus, known as Package 3 is currently being considered. The Administration released their asks for Package 3 on March 17, 2020, and they include:

Small Business Interruption Loans

• Authorize and appropriate $300 billion for qualifying small business interruption loans

• Eligible borrowers: employers with 500 employees or less

• Loan amounts: 100% of 6 weeks of payroll, capped at $1540 per week per employee (approx. $80,000 annualized)

• Borrower requirement: Employee compensation must be sustained for all employees for 8 weeks from the date the loan is disbursed

• Streamlined underwriting process: Lender verifies the previous 6-week payroll amount and later verifies that the borrower has paid 8 weeks of payroll from date of disbursement

Economic Impact Payments

• Authorize and appropriate funds for two rounds of direct payments to individual taxpayers, to be administered by the IRS and Bureau of the Fiscal Service

• $250 billion to be issued beginning April 6, $250 billion to be issued beginning May 18

Payment amounts would be fixed and tiered based on income level and family size. Treasury is modeling specific option

General COVID-19 INFO

​What is COVID-19?
Coronavirus Disease 2019 (COVID-19) Response in North Carolina

Information Regarding Face Coverings

Social Media to Follow

Centers For Disease Control and Prevention (CDC) – Facebook
NC Department of Human Health Services – Facebook

This page of resources is brought to you by:

City of Mount Airy

Town of Elkin

CONTACT

Yadkin Valley Chamber

(336) 526-1111

Greater Mount Airy Chamber & Mount Airy TDA

(336) 786-6116

Surry County EDP

(336) 401-9900

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