COVID-19 Information & Resources
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As the impact of the COVID-19 pandemic continue to unfold, the Woodley Park Main Street is here to support small businesses. To get weekly updates sign up for our newsletter below.
Important Resources
Key Information Resources
DC’s Coronavirus Recovery Resources Page: https://coronavirus.dc.gov/recovery
DC Service Industry Assistance Programs: https://serviceaid.info/
DC Council passes COVID-19 Response Emergency Act of 2020
Provisions for small businesses include deferred February and March sales tax, allowing restaurants to sell alcohol via carry-out and delivery in closed containers, expanded unemployment benefits for employees, and the creation of a grant program to cover employee wages and other operating costs. Stay tuned for more information on eligibility and how to access the grant program.
http://lims.dccouncil.us/Legislation/B23-0718?mc_cid=6ff67f0ee3&mc_eid=ab7a6072c9
Mayor Bowser Announces DC Businesses Can Now Apply for SBA Disaster Assistance Loans
Here’s the direct link to SBA info and applications. You can also check out the SBA’s COVID-19 toolkit here.
JP Morgan Chase Makes $50 Million Philanthropic Investment
The investment will help address the immediate and long-term Impacts of COVID-19
DC Policy Center COVID-19 Impact Survey
The DC Policy Center launched a responsive, short-term survey to guide their research on how COVID-19 is affecting small businesses in the DC area—and they need your help. What you share through this survey will help the District and its policymakers make decisions that best meet the needs of local small businesses and workers. Take the survey here: DC Policy Survey.
DSLBD Director's Letter to Small Busisnesses
Check out this letter from Director Whitfield to members of the DC small business community regarding the SBA Economic Injury Disaster Loans and the steps needed to apply for them.
SBA Loan Information
SBA loans are 30 year fixed loans at 3.75% for businesses and 2.75% for non-profits. The loans are directly from SBA and are up to $2M. Funds can be used for working capital, payroll, accounts receivable and/or rent. Documents needed include: 3 years of tax returns, articles of incorporation, bylaws, certificate of good standing, personal finance information.
https://www.sba.gov/disaster-assistance/coronavirus-covid-19#section-header-48
SBA Loan Information
SBA loans are 30 year fixed loans at 3.75% for businesses and 2.75% for non-profits. The loans are directly from SBA and are up to $2M. Funds can be used for working capital, payroll, accounts receivable and/or rent. Documents needed include: 3 years of tax returns, articles of incorporation, bylaws, certificate of good standing, personal finance information.
https://www.sba.gov/disaster-assistance/coronavirus-covid-19#section-header-48