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Resources

Business Recovery Resources for COVID-19

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Nick Conte, Economic Development Manager
386-626-7021
conten@deland.org
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The City of DeLand's Economic Development Division understands local business is being impacted by COVID-19. Efforts to prevent the spread of COVID-19 is likely impacting your business. Below, please see the summary of the available recovery resources.

PPE Distribution for Businesses

Local Resources

Volusia County Small Business Reopening Grant Program
Grant Criteria

* For a list of local banks, credit unions and local lenders who can help you with SBA loans and additional business assistance programs, click here.

* For re-employment and workforce questions, visit Career Source Flagler Volusia (COVID-19).

* For the latest updates, click here: https://www.floridadisaster.biz.

State Resources

Florida Small Business Emergency Bridge Loan

The program is currently available to small business owners located in all Florida counties statewide that experienced economic damage as a result of COVID-19. These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources. You can apply here: https://floridadisasterloan.org/.

Florida Reemployment Assistance

If employment has been negatively impacted because of efforts to stop the spread of COVID-19, Floridians may be eligible to receive Reemployment Assistance. More information and application can be found here: http://floridajobs.org/job-seekers-community-services.

Federal Image

Federal Resources

The U.S. Small Business Administration (SBA) has activated the following:

SBA Economic Injury Disaster Loan (EIDL) | U.S. Small Business Administration

This program provides working capital to small businesses who have suffered “substantial economic injury” as a result of COVID-19. Substantial economic injury means “a business has been unable to meet its obligations and to pay its ordinary and necessary operating expenses.” It is important that you fill out the Business Damage Assessment to ensure this program gets implemented in Florida: https://disasterloan.sba.gov/ela/Information/EIDLLoans.

SBA Paycheck Protection Program (PPP) | U.S. Small Business Administration

*** Notice: PPP Resumes April 27, 2020 - The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT. ***

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.  SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. To learn more, consult with your local lender or see a list of local lenders (below) who can assist.  Loan processing begins April 5, 2020. The Program will be available through June 30, 2020.  Before applying, click here for a preliminary check list. To apply, click here.

IRS Employee Retention Credit | U.S. Treasury Department

The credit is available to all employers regardless of size, including tax-exempt organizations. There are only two exceptions: State and local governments and their instrumentalities and small businesses who take small business loans. Qualifying employers must fall into one of two categories: 1) The employer's business is fully or partially suspended by government order due to COVID-19 during the calendar quarter; or 2) The employer's gross receipts are below 50% of the comparable quarter in 2019. Once the employer's gross receipts go above 80% of a comparable quarter in 2019, they no longer qualify after the end of that quarter.  To apply, click here.

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