The Federal government and state governments have established programs and guidance to provide individuals and small and mid-sized businesses with assistance to minimize the economic impact of the novel Coronavirus (COVID-19).
The information provided herein is intended for informational purposes only. We encourage you to research programs and resources that may apply to you or your business. Consult your accountant, attorney or banking professional for assistance completing loan applications.
Guides for Reopening
View and download Target’s SAFE Retail: Considerations for Retail Operations Post COVID-19 document that provides a framework and resources for opening and operations.
View and download signage to promote social distancing, wayfinding, entering/exiting and more, at your restaurant or shop.
The International Council of Shopping Centers has issued COVID-19 Re-Opening Best Practices.
Sandy Springs Perimeter Chamber of Commerce has provided guidelines for Re-Entry to the Workplace.
Georgia Stage Board of Cosmetology and Barbers has issued Safety Guidelines for Reopening Barber and Cosmetology Salons.
- Restaurant Delivery and Pickup: Restaurateurs and similar businesses can create delivery options for customers through GrubHub, DoorDash, UberEats and other delivery services. Visit Restaurant Den for more information.
- Stay Connected with Customers on Nextdoor: Create a free Nextdoor Business Page to connect with people in your community and keep them updated about your business operations during this time.
- 67% of Nextdoor users share recommendations
- 88% shop at local businesses at least once a week
- Engage Customers Through Social Media & Email: Posting regular updates to your social channels helps keep your business top-of-mind with customers. Mailchimp offers a free email marketing plan that can help you stay engaged with your customers, even if your business has been forced to temporarily close.
- Facebook has created a Business Resource Hub, providing information, guidance and resources for operating and promoting your business.
- Please keep us updated on your operations, specials and promotions, so we can share on our social channels.
Coronavirus Aid, Relief and Economic Security (CARES) Act
Paycheck Protection Program
Federally guaranteed loans to small businesses of up to $10 million per business to cover payroll expenses (including paid vacation time, sick leave and health care benefits) and certain other business obligations such as mortgage interest, rent and utilities.
- Available to businesses and churches and to some sole proprietors, independent contractors, and self-employed individuals
- Self-employed individuals can include their own compensation as payroll to qualify
- Loans have a maximum maturity of 10 years and an interest rate not to exceed 4%. No personal guarantee is required, and standard SBA fees are waived
- Eligible recipients can qualify for a loan in an amount determined by 2.5 times total monthly payroll incurred during the 12 months prior to the loan. (Special rules apply for businesses that are less than one year old.)
- Loan payments can potentially be deferred for six months
- If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover certain business expenses during the 8 week period beginning on the origination date of the loan, including payroll, rent, interest on mortgages and utilities.
Small Business Debt Relief Program: Provides immediate relief to small businesses with non-disaster SBA loans.
- SBA covers all loan payments on these loans, including principal, interest and fees, for up to six months
- Available to new borrowers who take out loans within 6 months of the CARES act going into effect
Information & Guidance
- SBA’s Local Assistance Directory can connect you to several local partners for counseling, training and mentoring.
- Business Interruption Insurance: Contact your business insurer to file a claim for business interruption insurance. The claim may be denied due to coverage restrictions; however, filing a claim now will preserve your right to insurance coverage in the event the government mandates insurance companies cover claims for loss of business due to the COVID-19 crisis.
- Consult the USI Guide to Preparing & Documenting a Business Interruption claim to help you understand the factors and documentation that will be necessary to build a claim submission.
CDC Risk Assessment
We encourage you and your employees, vendors, contractors and customers to follow all health department and CDC recommendations within your premises and on the property, including advising sick employees to stay home, and communicating closures or altered business hours to customers. Please make extra efforts to clean and sanitize common areas and equipment used for services.
Visit https://www.cdc.gov/coronavirus/2019-ncov/php/risk-assessment.html for more information