Resources for Business Owners
Last updated on April 03, 2020
Helping our national and local economy recover from the financial impacts of this unprecedented global pandemic will take the partnership of governments at all levels. See below for important updates for business owners and how to apply for financial assistance. You can start preparing your application early and submit timely to receive potential funding available to your business.
CARES Act
Find insight on how the CARES Act, the $377 billion federal stimulus package to provide in emergency relief to small businesses in response to the COVID-19 Pandemic, affects businesses and how to take advantage of its funding opportunities.
Paycheck Protection Program
The Paycheck Protection Program allows small businesses, nonprofits, and individuals to seek loans through the Small Business Administration’s 7(a) program. The total funding allocated is $350 billion.
Small Business Debt Relief Program
This program provides immediate relief to small businesses that already have a 7(a), 504, or microloan not related to disaster relief. The total funding allocated is $17 billion.
Small Business Tax Provisions
This includes the delay of payment of employer payroll taxes and employee retention credit.
For more information on assistance for business owners, visit the City of Orlando’s COVID-19 page.