Please note: We will work hard to keep this list updated, however, with rapidly changing circumstances, information is constantly changing. Please check with programs directly for exact details.
FUNDING FOR BUSINESSES
FCDA COVID-19 Revolving Loan Funds:
In order to better assist our businesses during this time, we have made some changes to our revolving loand funds. Qualified applicants may recieve:
- Zero to low interest loans
- 6 month deferrment
- Funds can be used for working capital
Funds will be dispersed to approved applicants on a first come, first served basis until June 30th, 2020. For more information, or to obtain an application, contact the FCDA at email@example.com or by calling us at 641-456-5668.
Paycheck Protection Program: This program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Round 1 of the PPP ran out of money, but more funding will be added through the COVID 3.5 stimulus package.
To apply, visit your local SBA Lender. Lenders in Hampton include United Bank and Trust, First Bank Hampton and First Security Bank.
Economic Injury Disaster Loans (EIDL): This advance will provide economic relief to businesses that are currently experience a temporary loss of revenue. Funds will be made availble following a successful application. This loan advance will not have to be repaid.
Tax Deadlines: Tax deadlines for April 15th have been extended to July 15th. Find more information here: https://www.irs.gov/coronavirus
Employee Retention Credit: The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. For more information, click here: https://www.irs.gov/newsroom/irs-employee-retention-credit-available-for-many-businesses-financially-impacted-by-covid-19
Small Business Owners Guide to the CARES Act: To view all of the CARES Act programs in one place, click here:
The U.S. Chamber of Commerce also has a regularly updated guide on the different programs available. To view this, click here: https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf
The Center for Industrial Research and Service (CIRAS) offers free consultation to businesses for things such as supply chain issues, cash flow problems. Currently, they offer 30 hours of services for free. If you are experiencing any sort of problems, from distribution to cash flow, we highly recommend contacting CIRAS. We are also more than happy to schedule a Zoom meeting or phone call with you, CIRAS and us. We know that with everything going on, your time is limited and we are happy to do anything and everything necessary to help you!
GENERAL COVID-19 INFORMATION
For a searchable list of cleaners that kill COVID-19, click here: https://www.epa.gov/pesticide-registration/list-n-disinfectants-use-against-sars-cov-2
The State of Iowa has recently updated this website to include a table that includes current COVID-19 cases in each county, the epi curve (a chart of epidemiologic cases over time), demographics and more. The website is www.coronavirus.iowa.gov.
With ever changing circumstances, you or your employees may find yourself in need of childcare. You can find which providers have available openings here: https://iowa.maps.arcgis.com/apps/opsdashboard/index.html#/cabe69b5e2494259ab6c820c249e0f19