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COVID-19 Resources

We know things aren’t like they used to be. Business is slow…costs are high…and safety is the new priority.

Sweet Auburn Works (SAW) knows small business owners are essential to our community. COVID-19 has had a devastating impact in the Sweet Auburn District, and SAW wants to help you stay afloat amid the COVID-19 pandemic.


At the end of last year, Congress passed The Coronavirus Response and Relief Supplemental Appropriations Act which made several changes to the existing COVID-19 federal small business relief programs.


The U.S. Small Business Administration, in consultation with the Treasury Department, announced that the “Second Draw” Paycheck Protection Program (PPP) has reopened for new borrowers and certain existing PPP borrowers.

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations
  • The PPP provides greater flexibility for seasonal employees
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
  • Has no more than 300 employees
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

Other important changes:

  • Loan Forgiveness Reduction: If you also received an EIDL grant, your PPP loan forgiveness will no longer be reduced by the amount of the grant.
  • Loan Forgiveness Period: The period for which expenses count toward loan forgiveness will begin on the date of loan origination and end on a date of your choosing that is between 8 and 24 weeks after origination.
  • Simplified Application: If your loan was for less than $150,000, there will be a simplified one-page application process for loan forgiveness.

Learn more.

The new law resumes the government payment of monthly principal and interest on small business loans guaranteed by the SBA under the 7(a), 504, and Microloan programs.

Borrowers with loans approved by the SBA prior to the CARES Act will receive an additional three months of payments beginning in February of 2021. Those payments will be capped at $9,000 per borrower per month.

Find out if you qualify.

The new law reopens the $10,000 EIDL Grant program.

Priority for the full amount of the EIDL grant will be given to small businesses with:

  • Less than 300 employees, located in low-income neighborhoods
  • Who have experienced a 30% reduction in gross receipts during any 8-week period between March 2 and December 31, 2020, compared to a comparable 8-week period before March 2.

If you meet this description and received a grant that is less than $10,000 you can reapply to receive the difference.

Guide to SBA’s Economic Injury Disaster Loans

The official federal resource website for U.S. small businesses affected by COVID-19 (Coronavirus) for relevant federal agency resources, access the latest news, and search for a Small Business Advisor near you.

Find COVID-19 small business stimulus information.

The U.S. Chamber of Commerce is marshaling all its resources to help companies stay afloat and keep paychecks flowing to American workers and families; mobilize the business community to combat the pandemic; and help companies prepare for a safe, successful, and sustainable reopening of the economy.

Committed to helping as many businesses, families, and industries as possible endure the financial hardships caused by the pandemic and return to work in a safe and sustainable way.

Help for your small business.

Building on Main Street’s 40-year history of cultivating a strategic and comprehensive approach to problem-solving through innovative and entrepreneurial thinking, Main Street Forward features a wide range of free resources for Main Street leaders, including recovery planning tools, guidance as it relates to Four Point activities, research, advocacy efforts, and best practices and examples from around the Network.

Now more than ever, we have a crucial role to play in supporting small businesses, maintaining quality of life, and ultimately restoring the vitality of commercial districts. Together we will move Main Street Forward.

View Main Street America’s Roadmap to Recovery.