• COVID-19 Business Resources

    BUSINESS RESOURCES

    SBA Paycheck Protection Loan Overview - to view click here.

    The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

    SBA LOANS AND ASSISTANCE

    𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 / 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗢𝘄𝗻𝗲𝗿𝘀: the U.S. Small Business Administration Office of Disaster has approved the disaster declaration for the entire state of Arkansas. Businesses located in all counties in Arkansas can apply at https://disasterloan.sba.gov/ela.

    BUT, before you apply we suggest watching this ASBTDC video and slides to help you in filling out the application. We suggest that you print out the forms and gather the information before you begin the online application process.

    For Arkansas SBTDC assistance with an EIDL disaster loan:
    1-800-862-2040
    https://asbtdc.ecenterdirect.com/signup

    For SBA assistance applying for an EIDL disaster loan:
    1-800-659-2955
    disastercustomerservice@sba.gov

    Coronavirus Emergency Loans Small Business Guide and Checklist at this link

    ALSO, Quality Office has generously offered to assist.

    For any business in the Chamber of Commerce area affected by COVID-19 that needs assistance getting your Economic Injury Disaster Loan application to the Small Business Association, Quality Office is offering to print the forms you need and then upload them to the SBA site.

    Quality Office do not represent the SBA and is not to be held liable for any misinformation. We are only offering to help facilitate the application process by printing the forms you need and then uploading them to the site. It is your responsibility to make sure you qualify and then fill out the correct forms. 

    The website to read and download the forms is: https://disasterloan.sba.gov/apply-for-disaster-loan/index.html

    If you do not have a way to print these forms, we have printed the forms, along with two copies of IRS form either Form 5 or 5C and Supporting Information Document; Request for Transcript of Tax Return. The 14 page packets can be picked up at:

    Quality Office
    304 South Main
    Searcy, AR 72143
    Monday - Friday 8am - 5pm

    If you do not have a way to upload the completed forms, they can help you with that too.Complete the forms per the instructions included in the packet, return the forms to Quality Office. You will need to include your latest federal tax return along with all schedules. They will need a contact email address to provide to the SBA. 

    Again, please read and follow all instructions for your particular business type.

    They are facilitating by printing the forms and them uploading them. Quality will make every effort to handle your documents in complete confidence. If possible they ask you to wait while your documents are uploaded. The process should take 5 minutes. 

    Quality Office say there will be no charge for any of the described services.

    **Quality Office do not represent the SBA and is not to be held liable for any misinformation.

    BUSINESS RESOURCES

     

    LOANS

    SBA 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).

    SBA has been coordinating with Arkansas Department of Emergency Management and is processing Arkansas' Disaster Request for the state of Arkansas. Since the state's request has been submitted the Economic Injury Worksheets are no longer required to be collected by ADEM. If you do have a worksheet completed you can email it to Arkansas_DO@sba.gov  mailto: 20Arkansas_DO@sba.gov

    Once the declaration is finalized at disasterloan.sba/Declarations we are directing all businesses that have significant economic injury to begin the registration and application process for Economic Injury Disaster Loans.

    The Arkansas Declaration will be posted once it is finalized, allowing businesses to complete their loan application for the Declared disaster area.

    The best thing the business can do RIGHT NOW is to prepare the essential documents that will help SBA quickly analyze a complete registration. What businesses will need to have is:

     *   Tax Information Authorization (IRS Form 4506-T available in the SBA loan portal), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management
     *   Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available
     *   Personal Financial Statement completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member
     *   Schedule of Liabilities listing all fixed debts
     *
    If the most recent Federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year
     *
    A current year-to-date profit –and-loss statement

    To help support our small business community SBA has created a small business resource page dedicated to COVID-19 at SBA.gov/Coronavirus. Here you will find CDC requirements for small businesses how to access SBA loan products outside of EIDL and much, much more.

    Additionally, SBA’s Arkansas network of resource partners stand ready to assist small businesses across the state. These partners are seeing clients virtually to assist in minimizing impact exposure to COVID-19 and protect our small business communities.

    Arkansas Small Business & Technology Development Center (ASBTDC)
    ASBTDC is gearing up to be set up as a virtual emergency site to help with disaster relief lending. For more information on ASTBC, please see http://asbtdc.org/covid-19-resources where they will be putting more information disaster funding assistance. You can also call ASBTDC at 1-800-862-2040 or e-mail at leadcenter@asbtdc.org

    The webinar recording is available on YouTube at: https://youtu.be/qe6JBbJWmLA

    The webinar slides are available on DropBox at: https://www.dropbox.com/s/a0z1vcrjxirljvu/200325-ualr-singleton-edil.pdf?dl=0

    For Arkansas SBTDC assistance with an EIDL disaster loan:
    1-800-862-2040
    https://asbtdc.ecenterdirect.com/signup

    For SBA assistance applying for an EIDL disaster loan:
    1-800-659-2955
    disastercustomerservice@sba.gov

    To sign up for the SBA twice daily email updates:
    1. Visit https://www.sba.gov/offices/district/ar/little-rock
    2. Scroll down to "Connect and Stay Informed".
    3. Click the red "Get Email Updates" button.
    4. Enter your email address and click the submit button.

    Upcoming Keep Calm and Small Business ON series webinars:

    ADA and Rehabilitation Act Guidance for COVID-19
    Mar 26, 2020 2:00 PM CDT
    https://attendee.gotowebinar.com/register/8739026575460943883

    Take Your Business Online
    Apr 1, 2020 10:00 AM CDT
    https://attendee.gotowebinar.com/register/6892228571333913867

    Please register for Connecting to Capital
    Apr 2, 2020 2:00 PM CDT
    https://attendee.gotowebinar.com/register/6647357436243931147

    Please send your questions, comments and feedback to: asbtdc@gmail.com.

    Arkansas Department of Health Guidance for Employers
    If any of your employees are being monitored due to their possible exposure to coronavirus disease 2019, also referred to as COVID-19, they will be placed under home self-quarantine by the Arkansas Department of Health (ADH) for 14 days after leaving an area of concern. The areas of concern include any country with a Level 2 or higher travel advisory. If this occurs, ADH will provide the person with a letter, and they have the option of requesting a letter be provided to you as well. This letter provides additional information regarding the quarantine, including the date the employee can return to work.

    During this time, the person is expected to stay home during the entire 14-day period and not leave for any reason, except to seek any needed medical care.

    If the employee does not develop symptoms of COVID-19 prior to the end of the self-quarantine period, they will be free to resume normal activities, including school or work. They will also receive a letter stating they have completed the home quarantine period. Please call the Arkansas Department of Health at 800.803.7847 if you have any questions.

    COVID-19 Guidance for Employers

    Coronavirus Resource Page Arkansas State Chamber of Commerce/Associated Industries of Arkansas

    TELECOMMUTE/TECHNOLOGY SERVICES
    AnyWay Technologies has resources in place to assist businesses for reduced and/or free cost to have the ability to telework/work from home.  If you need more information about this, please call our office at 501-229-8688 or email us at sales@anywaytech.com. You can also visit www.anywaytech.com

    ADDITIONAL RESOURCES

    National Association of Manufacturers: Coronavirus Resources

    CDC – What You Need to Know

    CDC – What to Do If You are Sick

    CDC – Stop the Spread of Germs

    U.S. Chamber – Guidance for Employers

    OSHA - Guidance on Preparing Workplaces for COVID-19