The Ashland Chamber of Commerce is deeply involved in the COVID-19 issue at the community level. We are passionate about helping you navigate the incredibly challenging times as information and resources become available to us. Through our community partnerships, we are finding access to resources and will be adding them to this page as we receive the information. Information about new regulations, tax benefits, loans, grants and more are changing rapidly. Please refer to this page for updated information frequently as we work to keep up with these rapid changes.
Small Business Financial Aid Programs- Federal:
During the month of March, the Federal Government approved three pieces of Legislation regarding COVID-19 and Relief. The following are components for small business financial relief including a program description and where to apply for support. The notes are a compilation of resources from Senator Jeff Merkley, Senator Ron Wyden and the National Federation of Independent Businesses. The information is changing quickly.
SBA Economic Injury Disaster Loan Grant (Eligibility tied to EIDL- details pending)
Loan program available through the SBA providing 3.75% interest loans of up to $2 million for small businesses and providing loans at 2.75% for non-profits.
The loan is solely based on the applicant’s credit score
30 year loans without a penalty of early payoff
Loans under $200,000 can be approved without a personal guarantee
The SBA has included a very detailed eligibility worksheet with the application on their website: https://covid19relief.sba.gov/#/
SBA Emergency Economic Injury Disaster Loan Grant
Grant program for quick access to funds of up to $10,000
Funds available within three days of application
Funds are forgivable
Funds can be used to cover: paid sick leave, maintaining payroll, meeting costs to obtain materials, rent & mortgage payments, repaying obligations that cannot be met due to revenue losses
Paycheck Protection Program Loans (Forgivable) https://www.sba.gov/funding-
New Federal Loan program for businesses, independently owned franchises, sole proprietors, independent contractors, self employed and 501c3 non-profit Organizations
Must have been in business since 2/15/2020
Borrowed amount eligibility: 2.5x average monthly payroll for previous years (up to $10 million)
♦ For seasonal employers, the average total employees shall be calculated for the period between 2/15/19 and 6/30/19
♦ Loan payments (and interest) are deferred at least six months and up to one year from when the loan originates
♦ No interest rate higher than 4%
♦ 10 year maturity
♦ SBA guarantees 100% of the loan- no collateral is required
♦ No prepayment penalty
♦ retain workers, maintain payroll
♦ make mortgage payments, lease payments, and utility payments
♦ Can only be used on expense incurred from 2/15/2020 and 6/30/2020
♦ Eligible expenses to be forgiven include:
¤ Borrowers can choose which 8 weeks they want to count towards the covered period, which can start as early as February 15, 2020
¤ Payroll costs. Note: Employers with tipped employees may receive reimbursement for additional wages paid to those employees during the outbreak.
¤ Costs related to health care benefits and insurance premiums.
¤ Employee salaries, commissions or compensations.
¤ Interest payments on mortgages (funding shall not go towards the principal).
¤ Interest on other outstanding debt obligations (incurred before the COVID outbreak, which began on February 15, 2020)
Senator Merkley’s COVID-19 Overview: http://www.ashlandchamber.com/files/20.03.27-Small-Business-Assistance.pdf
Senator Ron Wyden’s COVID-19 Overview: https://www.wyden.senate.gov/imo/media/doc/Summary%20of%20COVID-19%20bills%20and%20Available%20Resources.pdf
Department of Labor and Federal Information about Unemployment & Scheduling:
Information from the Department of Labor regarding workplace and COVID-19 https://www.dol.gov/agencies/whd/pandemic
New guidance from Bureau of Labor and Industries, particularly some clarification on how to deal with predictive scheduling in our current unpredictable times: https://content.govdelivery.com/accounts/ORSOS/bulletins/2811a3d
State of Oregon Resources:
♦ Employment Scenarios: https://www.oregon.gov/employ/Documents/EDPUB190_0320.pdf
♦ Oregon WorkShare Information- Work Share provides an alternative for employers and workers who may be facing the prospect of a lay off situation. https://www.oregon.gov/employ/Unemployment/Pages/Work-Share-Program.aspx
♦ Resources for employees who have been laid off: https://govstatus.egov.com/ORUnemployment_COVID19
Work Place Programs:
The CDC released Guidance for Businesses and Employers to Plan and Respond to COVID-19. The guidance includes recommended strategies for employers to use now, planning considerations, and recommendations for an outbreak response plan.
City of Ashland Resources:
The City of Ashland is offering a variety of programs for businesses regarding utilities, TOT and Food & Beverage: http://www.ashland.or.us/news.asp?newsID=4588
The City of Ashland has created a resource page here: https://www.ashland.or.us/SectionIndex.asp?SectionID=538.
Updates from Avista:
In the event you have made the decision to close your doors as we navigate through the period of shelter in place, here are helpful resources from Avista to save you money on your infrastructure. Click these links for more information: Building-Shutdown-Checklist and Energy Saving Tips_Closing Buildings
Tourism & Hospitality Resources:
For our tourism industry members, Travel Oregon partners with the US Travel Association and Brand USA who are committed to ensuring that travelers are provided with accurate, updated information about public health conditions in Oregon. For the latest travel alerts, visit https://www.cdc.gov/coronavirus/2019-ncov/travelers/index.html or www.Industry.TravelOregon.com.
Oregon Restaurant and Lodging Association (ORLA) has created the following resources for hospitality businesses to find out information about COVID-19 and the Governor’s “Stay Home, Save Lives” Executive Order.
US Senator Ron Wyden: https://www.wyden.senate.gov/coronavirus-resources
US Representative Greg Walden https://walden.house.gov/coronavirus
Governor Kate Brown https://www.oregon.gov/gov/Pages/coronavirus2020.aspx
♦ March 23, 2020: Link to Governor Brown’s Stay Home, Save Lives Executive Order: https://govsite-assets.s3.amazonaws.com/jkAULYKcSh6DoDF8wBM0_EO%2020-12.pdf
For State Representative Pam Marsh, please contact: email@example.com
For State Senator Jeff Golden, please contact: Sen.JeffGolden@oregonlegislature.gov
Jackson County Public Health Department:
Tell your story:
Business Needs Letter in Response o COVID-19 from Business Advocacy Organizations https://files.constantcontact.com/42052618501/d5b2b64f-9424-4c1a-8ff6-8f8c0fa08a3a.pdf
In order to meet the threshold for federal small business assistance, Oregon businesses that have been impacted need to come forward and tell their story. OBI joins other chambers and business associations in requesting that these impacts be submitted to the Governor’s Office as soon as possible. Please submit how COVID-19 is impacting your business to firstname.lastname@example.org