The Greater Miami Chamber of Commerce is working to bring you information and resources to help you and your business through the COVID-19 crisis. This page will be updated with new and relevant resources as they become available. Click here to access a pdf of our business resource guide.
Small Business Administration (SBA) Loans
Florida now qualifies for low-interest federal disaster loans from the U.S. Small Business Administration (SBA). These loans are available to small businesses suffering severe economic injury due to Coronavirus (COVID-19). These loans offer up to $2 million in assistance with long-term repayments, up to 30 years. The interest rate is 3.75% for small businesses & 2.75% for non-profits. The first payment doesn’t start until 1 year after the note is issued.
Economic Injury Disaster Loan 411
3-Step Application Process
CARES Act Update (Weiss Serota Helfman Cole & Bierman)
Paycheck Protection Program (PPP)
The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. You can apply for the Paycheck Protection Program (PPP) at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and additional lenders approved by the Department of Treasury. You can call your bank or find SBA-approved lenders in your area through SBA’s online Lender Match tool. You can call your local Small Business Development Center or Women’s Business Center and they will provide free assistance and guide you to lenders.
FAQs for Small Businesses
Department of Labor FAQ
The Wage and Hour Division provides information on common issues employers and employees face when responding to COVID-19, and its effects on wages and hours worked under the Fair Labor Standards Act (FLSA), job-protected leave under the Family and Medical Leave Act (FMLA), and paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA). More info
U.S. Food and Drug Administration Import Resources
FDA COVID-19 response and resources are a very fluid situation and center guidance can change at any time. Visit the FDA COVID-19 website to stay up-to-date on current agency activities and publications. More resources.
Report a website that you think is illegally selling human drugs, animal drugs, medical devices, biological products, foods, dietary supplements and cosmetics. Click here
Short Time Compensation Program
The Short-Time Compensation program is a voluntary employer program designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees. If your employer establishes a Short-Time Compensation Plan and you meet the qualifications to file an reemployment assistance claim in the state of Florida, you will receive a partial reemployment check to supplement your reduced paycheck.
Short Time Compensation Program 411
Emergency Bridge Loan Program
The bridge loan program will provide short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. The application period runs through May 8, 2020. These loans offer up to $50,000 per eligible small business and will be interest-free for the loan term (1 year). The Interest rate will be 12% per annum on the unpaid balance thereafter, until the loan balance is repaid in full. Loan default is subject to a normal commercial collection process.
Pandemic Unemployment Assistance
Pandemic Unemployment Assistance (PUA) provides assistance to individuals whose employment has been either lost or interrupted as a direct result of COVID-19 and those not ordinarily eligible for state Reemployment Assistance. This includes individuals who are gig workers, self-employed or contract employees. Visit floridajobs.org to apply.
A temporary layoff occurs when the employee is separated from their job due to lack of work, and the employee has a return-to-work date within eight weeks of the separation. An employee that is temporarily laid off from work may be eligible for Reemployment Assistance benefits.
Reemployment Assistance provides temporary wage replacement benefits to eligible individuals who are out of work through no fault of their own. If you have a history of wages in the state of Florida, you are actively able and available to seek and accept new employment, and you are currently unemployed or work reduced hours through no fault of your own, you may be eligible to receive Reemployment Assistance benefits.
Florida Extends Property Tax Deadline
Florida Department of Revenue Executive Director Jim Zinagle issued an emergency order Thursday that extends the usual real estate property tax deadline from March 31 to April 15. Property taxes paid on railroad, railroad terminal, private car and freight line and equipment company property are also now due April 15.
SOUTH FLORIDA RESOURCES
Countywide Mom and Pop Grants
Miami-Dade County has "mom and pop" grants that you may apply for based on your particular district within the county. There is still funding available for certain districts.
List of Districts and their availability
Meal Distribution for Students and Families
Beginning March 30, grab-and-go meals will continue to be distributed at 31 schools across the district, Monday through Friday from 4 p.m. – 7 p.m. Click here for meal distribution list.
City Launches In-Home COVID-19 Testing Service for Homebound Seniors
The City of Miami, through its Departments of Fire-Rescue community paramedicine program, is launching a COVID-19 home testing service for senior citizens who reside within the boundaries of the City of Miami and are unable to drive or otherwise arrange transportation. Homebound local seniors ages 65 and above who are experiencing symptoms associated with COVID-19 or who believe they may have been exposed to the virus should call the City's testing call center at 305-960-5050 to determine if they qualify for no-out-of-pocket cost, in-home test.
CareerSource South Florida Employment Assistance
CareerSource South Florida continues to monitor the Coronavirus pandemic and timely disseminate critical information. Click here for links for accessing virtual job search assistance.
The Conroy Martinez Group
The Conroy Martinez Group, a full-service, bilingual public relations, marketing and social media agency, has teamed with a group of infectious disease doctors and veteran healthcare executives to create the COVID-19 Business Recovery & Continuity Task Force, announced C.L. Conroy, APR, President of the firm. For more information, please visit The Conroy Martinez Group at www.conroymartinez.com and follow them on Twitter and Instagram @ConroyMartinez and Facebook at www.facebook.com/TheConroyMartinezGroup/.
U.S. CHAMBER OF COMMERCE RESOURCES
- Coronavirus Emergency Loans Small Business Guide and Checklist
- Coronavirus (COVID-19) Workplace Tips for Employees
- Guidance For Employers To Plan and Respond To Coronavirus
- Customizable Workplace Flyer
- Governor Ron DeSantis issued Executive Order 20-88 regarding re-employment of essential personnel. The governor also issued Executive Order 20-89 regarding public access restrictions in Miami-Dade County, Broward County, Palm Beach County and Monroe County.
Executive Order 20-88
Executive Order 20-89
All 2020 Executive Orders
- UPDATED: Senator Rick Scott | COVID-19: Your Questions Answered
- U.S. Department of Labor
- U.S. Equal Opportunity Commission & Covid-19
- World Health Organization
- Florida Department of Health
- Mckinsey Impact Report
- Miami Foundation's Community Recovery Fund
- Greater Fort Lauderdale Chamber of Commerce Podcast: Assistance for Employers and Employees
- South Florida Business Journal: Small Business Resource Guide