From the NC Chamber
Small Businesses: We’ve Got Your Back
“While the COVID-19 pandemic has become the ultimate crucible of uncertainty for people worldwide, small businesses and their employees perhaps feel the greatest impact. The NC Chamber is here to support and champion businesses of all sizes during this difficult time and will provide resources particularly suited to small businesses on this page. Check back frequently as resources evolve; we are constantly consulting state and federal policymakers to ensure you have the latest tools at your disposal.”
from the Cabarrus County Chamber of Commerce
Phase 2 Openings
- Yesterday, Governor Cooper announced a modest transition to Phase 2 Safer at Home to begin on Friday, May 22 at 5 p.m., expiring on June 26, 2020 per Executive Order 141. It allows reopening for:
- Dine-in at restaurants with 50% capacity and adherence to specific sanitation guidelines
- Child care businesses to open to serve all children, as long as they follow state health guidelines
- Overnight camps to operate, following specific public health requirements and guidelines
- Personal care, grooming, massage and tattoo businesses to open with specific requirements for disinfection of equipment, face coverings for the service provider, six feet of distance between customers and at 50% reduced occupancy
- Indoor and outdoor pools to open with 50% reduced occupancy, following specific public health requirements
- Allows people to gather for social purposes, so long as they do not exceed the mass gathering limit of 10 people indoors and 25 people outdoors
Many of the Phase One recommendations continue, including teleworking when possible, wearing a face covering in public, washing your hands frequently and waiting six feet apart from other people to keep your distance.
We encourage you to read the attached Executive Order and FAQs and the specific guidelines listed for affected businesses.
Small Business Administration (SBA) Assistance Resources in light of COVID-19 Pandemic
The COVID-19 pandemic has resulted in modified and additional SBA resources to help our small businesses, small aquacultural businesses, small agricultural cooperatives and/or most private nonprofit organizations.
“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said SBA Administrator, Jovita Carranza.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Carranza added.
Economic Injury Disaster Loans (EIDLs)
The SBA has approved the North Carolina Governor’s request for a disaster declaration, and you may begin the application process. Applicants are encouraged to apply online: https://disasterloan.sba.gov/ela/
Basic info on EIDLs:
- The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
- Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).
- SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.
- Once a declaration is made, the information on the application process for Economic Injury Disaster Loan assistance will be made available to affected small businesses within the state.
- SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
- SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
- SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
- For additional information, please visit SBA.gov/disaster.
- For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com.
SBA Resources for Counseling and Training
The following SBA backed organizations provide assistance to small businesses in the state; email and phone counseling are available.
- Small Business and Technology and Development Center (SBTDC):http://www.sbtdc.org/
- SCORE: https://www.score.org/
- Women’s Business Centers:
- Asheville area: https://www.wwbcnc.org/
- Charlotte area: https://theinstitutenc.org/programs/wbcc/
- Fayetteville area: https://www.wbcfay.org/
- Raleigh-Durham area: https://theinstitutenc.org/programs/womens-business-center-of-north-carolina/
Coronavirus Information Links
Prescription home delivery:
Cannon Pharmacy: https://cannonpharmacies.com/
Harrisburg Hometown Pharmacy: https://www.harrisburgpharmacync.com/ (Cabarrus County)
Ways to Help
Donate to local food pantries
Offer assistance to at-risk neighbors
Follow directions of State and Local authorities
Planning & Preparing
We all must be proactive during this crucial time in our lives. From the simple things the CDC tells us like washing our hands with soap and water, social distancing of at least 6 ft, no large gatherings of 10 or more people and more. It is in our best interest as a community to do these things to reduce the spread of the COVID-19 virus.
It is also in our best interest to do the following as many have stated and it bears repeating: get plenty of rest, eat healthy, exercise (it lessens & removes stress), quarantine yourself if you have any symptoms and do your best to operate fearlessly. Continue to be a patron with the businesses you conduct your business with. Although it may be in a different form still support them. For example if you eat out be sure to support your local restaurant, order their take out and be sure to tip them! Get your dry cleaning, buy your products, stay insured, engage in your gyms online workouts, keep investing and more!
A dear friend of mine texted me today saying in part “…if everyone in the chain does their part – and I like what I am seeing so far with the private – public partnerships – we can pick it back up quickly…”. I agree 100% . We must all stay in business so we can keep paying our staff and roll through this!
We MUST NOT stop being Americans and supporting each other. It’s in our DNA and that’s what we do..we handle adversity well and come out even stronger.
Please see the links we have included below that could help you, encourage you and allow you to give to others. I hope these are a helpful resource.
If you own a business and have a service you can provide that will help others please let us know. We will distribute it in hopes to help you and others!
As we continue on this journey and learn things everyday please know We’re Right Here Beside You serving you and doing all we can to keep the American dream alive. We are all in this together and when we all stay together it helps us all! So we want to do our part to stay engaged and help you in any way we can. We will continue to pray for one another and all our businesses to stay healthy and whole!
Verse of the Month
I will strengthen you,Yes, I will help you,
I will uphold you with My righteous right hand.
247 Church Street NE, Concord, NC 28025