Help for Small Businesses & Workers During COVID-19
March 18, 2020FOR SMALL BUSINESSES
Disaster Loans
The U.S. Small Business Administration (SBA) has approved CT’s request asking the federal agency to issue a declaration that will enable Connecticut’s small business owners to receive economic injury disaster loans. Small businesses and nonprofit organizations in Connecticut that have been negatively impacted by the global COVID-19 outbreak are now eligible for disaster relief loans of up to $2 million from the SBA.
Small businesses can learn more about the program and apply for financial assistance at www.sba.gov/disaster or call the SBA at 1-800-659-2955.
Small businesses with questions about this SBA loan program or other assistance provided at the state-level can call 860-500-2333 to speak directly with a Department of Economic and Community Development (DECD) representative.
How to Apply For A Disaster Loan
Visit the SBA website on Disaster Loans here.
The Three-Step Process: Disaster Loans
The Three-Step Process: Disaster Loans (en Espanol)
Tax Filing Deadlines
Also of note for businesses, The CT Department of Revenue Services has extended filing deadlines for certain annual state business tax returns. More on that here: https://portal.ct.gov/DRS/News—Press-Releases/2020/2020-Press-Releases/Effective-Immediately-DRS-Extends-Filing-Deadline-for-Certain-Annual-State-Business-Tax-Returns
FOR WORKERS
The CT Department of Labor has more information on unemployment benefits and other frequently asked questions related to COVID-19 on their website at www.ctdol.state.ct.us/DOLCOVIDFAQ.PDF or visit filectui.com. This includes information for workers and information employers can share with their employees.
STAY INFORMED
For the most up-to-date information on Connecticut’s response to the coronavirus pandemic and resources visit ct.gov/coronavirus.