In response to the COVID-19 pandemic, AMSA has put together a list of federal guidance notices and additional resources you can use to monitor the situation. The summary and list provided below are not exhaustive. Further information is found at What are Government Agencies Doing in Response to COVID-19?
Issue Highlight – SBA’s Economic Injury Disaster Loan Program
The U.S. Small Business Administration (SBA) is offering low-interest Economic Injury Disaster Loans (EIDLs) to impacted businesses and non-profits. Qualifying small businesses can apply for an EIDL valued up to $2 million for working capital (fixed debts, accounts payable, payroll) at a 3.75% interest rate with long-term repayment options, up to 30 years.
To qualify, your state’s governor must submit a request for Economic Loan Assistance with the SBA. Once the declaration is approved, loan application info will be disseminated to all eligible communities within the state. Click here or the link below for additional info on EIDLs.
Additional Resources for Employers and Workers
Areas Currently Eligible for SBA Disaster Loans and Additional Info
DOL Guidance on Common Issues Employers Face on Wage and Hour Laws During COVID-19
IRS Advice for Deducting COVID-19 Costs from Your Taxes
Check Your State’s Rules on Unemployment Insurance
OSHA Guidance on Preparing Workplaces for COVID-19
Additional Resources for Health and Safety Concerns
How is Your State Responding to COVID-19?
CDC Guidance for Businesses to Plan, Prepare, Respond to COVID-19
EPA List of Disinfectants for Use Against COVID-19
Military Health System Offers Updates on Travel Restrictions for Military Members
Please contact Paul Milotte, AMSA Vice President of Government Affairs, with any questions.