STATE PROGRAMS/RESOURCES:
- Defiance County Health Department
- Ohio Bureau of Workers Compensation
- Defiance County Job and Family Services
- Ohio: Coronavirus Resources
- Shared Work Ohio Available to Employers
- Ohio Development Services
- SharedWork Ohio is an alternative to layoffs for employers experiencing reductions in available work. The Ohio Chamber of Commerce supported the creation of this program. SharedWork allows employers to preserve employees’ jobs and retain a trained workforce during difficult economic times by reducing hours to avoid layoffs.
- Ohio’s Unemployment Hub
- Small Business Administration
- Small Business Administration Disaster Loan
- Ohio Development Services – Small Business Relief
- Coronavirus.Ohio.Gov/JobSearch to post and search. The site features a highly streamlined interface with only two main links – one for essential businesses, and one for job seekers. Applicants can search through jobs in their area, their region, and the entire state.
- Get the most recent updates from the state www.OhioChannel.org.
FEDERAL PROGRAMS/RESOURCES:
- Save Small Business Fund – providing $5,000 in short-term (grant) relief to employers across the United States.
- Main Street Lending Program – New lending program for businesses with no more than 15,000 employees.
- U.S. Small Business Administration (SBA) – the federal government has directed much of its aid to small and medium sized businesses into these low-interest loan programs:
- Economic Injury Disaster Loan Assistance Program
- U.S. Department of Treasury – FAQs for small and medium businesses to navigate paid sick and family leave tax credits
- U.S. Department of Labor
- U.S. Chamber of Commerce
- IRS Tax Relief
- Occupational Safety & Health Administration
- USDA Rural Development
- CDC
Paycheck Protection Program
The Small Business Paycheck Protection Program provides small businesses with resources needed to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead expenses.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
Find Paycheck Protection Program SBA-Approved Lenders
https://www.sba.gov/paycheckprotection/find
First Draw PPP Loans
- Payroll costs, including benefits, mortgage interest, rent, utilities, worker Covid-19 protection costs, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations
- PPP loans have an interest rate of 1%.
- No collateral or personal guarantees are required.
- Payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks).
- Loans issued prior to June 5, 2020 have a maturity of two years. Loans issued after June 5, 2020 have a maturity of five years.
- Eligibility includes businesses with 500 or fewer employees
- Non-profits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors may apply
- Deadline to apply March 31, 2021
- https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/first-draw-ppp-loans
Second Draw PPP Loans
- Payroll costs, including benefits, mortgage interest, rent, utilities, worker Covid-19 protection costs, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations
- Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
- Have no more than 300 employees
- Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
- Deadline to apply March 31, 2021
- https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/second-draw-ppp-loans
Paycheck Protection Program Loan Forgiveness
- Loans qualify for full loan forgiveness IF during 8-24 week covered period following loan disbursement:
- Employee and compensation levels are maintained
- Loan proceeds are spend on payroll costs and other eligible expenses
- At least 60 percent of the proceeds are spend of payroll cost
- https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/ppp-loan-forgiveness