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COVID-19 Information for Impacted Businesses

As we continue to work together to overcome the impacts of the Coronavirus (COVID-19) and reopen our businesses and community, the following links provide information on best practices and resources. These programs change frequently, and links will be updated as information becomes available.  

Applications for the Restaurant Revitalization Fund (RRF) became available on May 3, 2021. See details below.

 

REOPENING YOUR BUSINESS RESOURCES

Small Business Development Center (SBDC) Guidebook - small businesses may find information in this guidebook helpful as they reopen.

America's SBDC website - for small businesses affected by COVID-19.

Downtown Partners Resilience Toolkit - helping downtown Sioux City businesses impacted by COVID-19.

Addressing PPE Needs in Non-Healthcare Setting - this guidance summarizes how organizations should consider and manage their personal protective equipment (PPE) needs while ensuring protection of workers during the coronavirus pandemic response.

Small Business Best Practices - creative examples to connect with customers.

Retail Ready to Reopen Resources - tips provided by the Iowa Retail Initiative as businesses begin to reopen.
 

FEDERAL CORONAVIRUS RELIEF OPTIONS

Federal Housing Administration (FHA) Forbearance Toolkit - the U.S. Department of Housing and Urban Development is offering this toolkit to help FHA homeowners with delinquent loans an opportunity to possibly prevent the loss of their home. Relief is available until June 30, 2021.

Paycheck Protection Program (PPP) Re-opens 1/13/21 - A second round of PPP loans are elegibile for small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million. 

U.S. Department of Treasury CARES Act - information regarding loan forgiveness guidelines.


SBA Economic Injury Disaster Loans (EIDL) - The SBA is offering low interest federal disaster loans for working capital to small businesses and non-profit organizations that are suffering substantial economic injury as a result of COVID-19 in all U.S. states, Washington D.C., and territories. These loans may be used to pay debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, and that are not already covered by a Paycheck Protection Program loan. Applicants may apply online, receive additional disaster assistance information and download applications at https://SBA.gov/Disaster.

Restaurant Revitalization Fund - A grant program for restaurants, food trucks, brewpubs and taprooms, wineries, distilleries, inns, bars, caterers, coffee shops, bakeries, ice cream shops, snack bars, etc. Learn more about the $28.6 billion fund here

 



Iowa Nonprofit Recovery Fund - an extension of the Iowa Small Business Relief Grant Program, the program will provide short-term relief to nonprofit organizations that have seen reduced revenue and/or increased costs as a result of the COVID-19 pandemic.

State of Iowa Business Recovery Assistance - find the latest information regarding business and financial assistance and community resources from the State of Iowa.

 


IA Source Link -provides resources available to small business owners in Iowa. COVID-19 will affect your business in some way - from employees staying home sick, vendors unable to fill orders, and customers staying away - your small business needs to be prepared.