COVID-19 Business Recovery Information
The Small Business Owner’s Guide to the CARES Act
This guide provides a helpful, brief explanation of the programs in the CARES Act to assist small business owners.
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
CARES ACT March 29, 2020
The entire final bill. 880 pages
https://assets.documentcloud.org/documents/6819239/FINAL-FINAL-CARES-ACT.pdf
PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.
PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS
All loan terms will be the same for everyone. The loan amounts will be forgiven as long as:
- 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; and
- Employee and compensation levels are maintained. Payroll costs are capped at $100,000 on an annualized basis for each employee.
Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. Loan payments will be deferred for 6 months.
Paycheck Protection Program Application Form
Paycheck Protection Program Application Form
Programs are paused due to Coronavirus
Application for the EBE Compass Accelerator Program
To apply for the program, all startup teams must apply online and complete an in-person interview before they will be admitted to the program.
Space is limited for the EBE Compass program.
The EBE Compass program is an evergreen accelerator program. Companies are accepted into the program as they are qualified. Module One of the program is offered almost every month.
We look forward to receiving your application, meeting your team and learning how we can accelerate your success.
Our Partners
Studio Next - Paused Due to Coronavirus
Studio Next - a customized program and environment
Studio Next - for experienced founders, a customized program and environment to ideate, test and launch new ventures.
The Avondale Innovation District offers entrepreneurs a customized program to learn and apply the tools used in evidence-based entrepreneurship (EBE) to ideate, test and launch new ventures. Doing this work successfully will help your team validate demand, strengthen your teams’ understanding of the problem you are solving, develop metrics to support go/ no go decisions and build your resource network.
This program may also be configured to assist funded teams to help them reach investor milestones while also focusing on the metrics and offers that prepare the team to scale the business.
Teams will receive a customized EBE training program, dedicated office space, high-speed internet, access to meeting/conference rooms and caffeine.
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