SEE BELOW FOR ADDITIONAL RESOURCES
FOR YOUR AFFECTED SMALL BUSINESS
Contact us with any questions
(337)280-5108 or firstname.lastname@example.org
- LOUISIANA ECONOMIC DEVELOPMENT is offering a loan called the Small Business Loan Guaranty Program. It offers qualifying small businesses up to $100,000 in assistance. You must apply for this loan through a participating bank. Click here for a list of participating banks.
Click here for a one sheet document explaining the Small Business Loan Guaranty Program.
- THE SMALL BUSINESS ADMINISTRATION provides business loans to qualifying business who have been or are currently being affected by the current disaster restrictions. Click here for information on SBA Disaster Loans. Follow the link below to apply for a disaster business loan.
UPDATE: Click here for a guide of the three step application process
UPDATE: To download the SBA's powerpoint presentation on Disaster Loans click here.
- THE PAYCHECK PROTECTION PLAN will provide additional relief to affected businesses in the form of a one-time, potentially forgivable loan. The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made. Small businesses and sole proprietorships can apply starting April 3rd. Independent contractors and self-employed individuals can apply starting April 10th.
TIME IS OF THE ESSENCE, as these loans are first come, first serve.
- The US Treasury just released a comprehensive guide to these loans. This is a MUST READ for anyone considering application. Read it HERE.
- Click HERE for a sample loan application.
- The U.S. Chamber of Commerce has also issued a guide to these emergency loans/grants. Click here to read more about how these loans will be structured and if your business qualifies.
- THE LOUISIANA WORKFORCE COMMISSION provides workforce assistance. To file an unemployment claim, call their claim center at 866-783-5567 or visit www.louisianaworks.net/hire. For more detailed directions, click the link below.
- LOUISIANA ECONOMIC DEVELOPMENT is focusing on business continuity aimed at safeguarding economic, as well as physical, health. This information is in addition to that found on the Governor's website; it will focus on useful resources and information for businesses and individuals.
UPDATE: LED has has launched a hotline to answer questions from the state’s business community during the Coronavirus crisis. The hotline number is (225)342-4321.
In short, most employers are now required to provide sick leave to workers affected by the COVID-19 crisis, and federal tax credits will be offered in an attempt to reimburse employers.
Here is an article that does a good job of explaining the new law.
- THE DEPARTMENT OF LABOR has also released a summary of the new Families First Coronavirus Response Act that was just passed.
- DOL Summary for Employees
- DOL Summary for Employers
- DOL Frequently Asked Questions and Answers
- DOL Press Release
- LOUISIANA BUSINESS EMERGENCY OPERATIONS CENTER uses the information you provide about the impact on your business to be used in the State's disaster response and recovery efforts. Registration only takes 10-15 minutes. Register at the link below.
- THE INTERNAL REVENUE SERVICE (IRS) has designated a special section of their website to disaster tax relief information. Follow the link below for the most accurate and up-to-date info.
UPDATE: Coronavirus-related paid leave for workers and tax credits for small to mid-sized businesses. Read more here.
UPDATE: The deadline to file income taxes has been extended to July 15th. Read more here.
- THE OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION (OSHA) has developed safety standards for employees who continue to remain at work. You can find those standards at the OSHA website at the link below.
Update: Click here for a printable handout of guidelines.
- THE ST. MARTIN ECONOMIC DEVELOPMENT AUTHORITY (SMEDA) is St. Martin Parish's resource for business help and information, and we are available to walk you through any questions you may have. Give us a call at (337)280-5108 or email us at email@example.com.
Update: Visit our Facebook page here for the most up-to-date information and developments
- ST. MARTIN PARISH GOVERNMENT has an active Facebook page that posts all updates from Parish President Chester Cedars concerning the parish. Visit their Facebook page here or go to their website at www.stmartinparish.net.