Our team has gathered resources that are available to assist individuals and small businesses to help you navigate these challenging times. We are continuing to update this resource page, so please check back on a regular basis.*
The Centers for Disease Control (CDC) Guidance
- General Information
- Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)
- Environmental Cleaning and Disinfection Recommendations
- Cases in the US
The World Health Organization (WHO)
State COVID-19 Websites
- CARES Act – Forbes, March 29
- CARES Act FAQ
- CARES Act Waives Required Minimum Distributions From Retirement Accounts for 2020
- CARES: What if I already took my RMD for 2020?
INTERNAL REVENUE SERVICE (IRS)
- Internal Revenue Service: The Treasury Department and Internal Revenue Service extended the deadline for federal income tax returns from April 15, 2020 to July 15, 2020.
- Document summarizing the Updates to Federal and State Tax Deadline
ADDITIONAL FINANCIAL ASSISTANCE
- American Express: Amex is evaluating accounts on a case-by-case basis under its Financial Hardship Relief program to provide support for cardholders impacted by the COVID-19 epidemic. If approved, your interest rate may be lowered to rates as low as 0%, and you may receive a waiver on late and other account fees.
- Chase: As a Chase Cardholder, you can call the number on the back of your card and ask to speak with an account representative about the possibility of relief from fees and interest. There are reports that Chase Cardholders have had success in having interest and late fees waived due to hardship related to the COVID-19 epidemic.
- Facebook: The social media company announced $100 million in grants for small businesses in a blog post on March 17. Details have yet to be announced for what businesses are eligible for the grants. There is a sign-up link in the blog post to stay updated when details are released.
- Forbes: List Of Banks Offering Relief To Customers Affected By Coronavirus (COVID-19)
- James Beard Foundation: Food and Beverage Industry Relief Fund to provide microgrants to independent food and beverage small businesses in need.
- Kiva: Offering 0% interest loans, expanding loan eligibility for more businesses in the US, increasing their maximum loan threshold from $10,000 to $15,000 and extending their grace period to up to 6 months for new borrowers.
- M&T Bank: M&T Bank is offering several options to help personal and business banking customers impacted by coronavirus, including special unsecured personal loans at a reduced APR to cover living expenses, fee relief, late fee supression, and changes to current loan payment amounts and loan length.
- Mainvest: Crowdfunding platform MainVest announced its new Main Street Initiative: a $2,000, zero-interest, 120 day loan for restaurants or other brick and mortars affected by the shutdown. Launch a capital raise on Mainvest and you may be eligible for the zero-interest $2,000 loan.
- Opportunity Fund: Opportunity Fund, which specializes in money lending to small businesses owned by women, immigrants and people of color, is collaborating with investors and nonprofits to put together a coronavirus relief fund that will provide grants and low-interest rate loans.
- PNC: PNC consumer loan and student loan customers can apply for relief through PNC's Consumer Loan Hardship Request Form and possibly receive up to 90 days in postponed payments with no late fees. PNC is also offering emergency hardship loans for qualified customers.
- The Small Business Relief Initiative: The Small Business Relief Initiative was started by GoFundMe to help small businesses that have been affected by the COVID-19 pandemic and empower their communities to rally behind them. GoFundMe has partnered with Yelp and Intuit QuickBooks to provide small business owners with the financial support and resources needed to continue running their businesses during and after the coronavirus crisis.
- US Bank: Offering a term loan between $5K and $250K with interest rates 2% lower than what a business would normally qualify for. They are also offering a line of credit in amounts $10K - $250K with interest rates 1% lower than normal.
- Fannie Mae: Fannie Mae wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work hours, illness, or other issues. Mortgage assistance and relief options are available to those with impacted by COVID-19 with single-family mortgages.
- Freddie Mac: Taking action to help make sure homeowners with Freddie Mac-owned mortgages who are directly or indirectly impacted by COVID-19 are able to stay in their homes during this challenging time. This includes offering mortgage relief options for those who are unable to make their mortgage payments due to a decline in income during this time.
*This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. You should consult your own tax, legal and accounting advisors before engaging in any transaction.