Federal grants available through your financial institution
Small businesses can qualify for 2.5 times the average payroll you had in 2019, or 2.5 times the average payroll from 3/1-6/30/19. If you are self-employed the your taxable income from your most recent tax return will be used to calculate your monthly average wage. Other calculations may apply for specific worker situations; including tips
Small businesses do not have to pay back the amount of Payroll costs, mortgage interest, rent, utility for 8-weeks from origination of loan. Interest on the entire loan will be due as defined by your financial institution.
Application and documentation requirements apply.
Sole proprietors can apply for unemployment benefits under the CARES Act
Waiting week is waived
Requirement to look for work is waived
In addition to state unemployment, federal will pay an additional $600 per week
Short term compensation and other benefits for unique situations are available
12-months no payments
3.75% interest, 2.75% for non profits
up to 30-year loan repayments
According to the Secretary of Treasury, anyone with a Federal Tax Payment related to their 2019 taxes and their tax year 2020 estimated tax payments due 4/15/20 can defer their tax payment, free of penalties and interest for 90 days for purposes of the relief.
The NE Dept of Revenue is also delaying the 2019 income tax deadline to July 15. However, anyone that is able to file/pay by April 15 is encouraged to do so.