Assistance For Small Businesses, Non-profit Organizations & Communities

During these trying times, there are several resources available to help your business, your community, or yourself. Sunny505 has compiled this list of resources available either through the federal government, or the state.


FEDERAL GOVERNMENT

Small Business “Paycheck Protection Program” Offering zero interest loans for businesses with fewer than 500 employees to cover 2.5 times eight weeks of payroll costs, rent and loans. Learn more

Economic Injury Disaster Loans through the SBA provide working capital of up to $2 million to help overcome temporary loss of revenue. Learn more

Business Tax Provisions that delays payment on employer payroll taxes until 2022.

$500 billion in business loans including $425 billion through the Federal Reserve.

Families First Corona Virus Response that temporarily expands the Family & Medical Leave Act and makes available two refundable payroll tax credits for small and mid-size employers. Learn more

Stimulus Bill that offers payments up to $1,200 to individuals ($2,400 for married couple) and expanded unemployment benefits for individuals making less than $70,000 and couples making less than $99,000.


State of New Mexico sealSTATE OF NEW MEXICO

The New Mexico Small Business Investment Corp. has committed up to $25 million to its lending partners to help New Mexico businesses. Learn more

The New Mexico Coalition of Community Foundations has created the All Together NM Fund to help provide food, medical and cleaning supplies for at-risk communities, support for childcare workers supporting front-line employees, and grants to assist smaller businesses and employees. Learn more

The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit through the COVID-19. Learn more

The Department of Workforce Solutions has added information to its website about who is eligible for unemployment insurance benefits, along with information about how to apply for them. Visit their website for information about how to apply for them.


OTHER SUPPORT

The U.S. Chamber of Commerce provides a resource for small businesses: Everything You Need to Know About SBA Disaster Assistance Loans. Learn more

For individuals impacted by COVID-19, the State of New Mexico has compiled a comprehensive list of resources ranging from job loss to childcare. Learn more

Internal Revenue Service Coronavirus Updates. Learn more

Facebook is offering $100 million in cash grants for up to 30,000 eligible small businesses. Learn more

Google is offering free ads for impacted businesses. Learn more