COVID-19 Business Resources

Government Resources

Small Business Administration:

The U.S. Small Business Administration’s West Virginia District Office continues their efforts to assist small businesses during the COVID-19 pandemic. 

West Virginia Small Business Training Opportunities

Q&A with SBA Sessions

The U.S. Small Business Administration’s West Virginia District Office hosts “Q&A with SBA” every Tuesday and Thursday of this month at 2 pm to help debunk common Paycheck Protection Program and Economic Injury Disaster Loan myths.

Join us every Thursday at 12 pm EDT for an unscripted Q&A with SBA session featuring: Kim Donahue, SBA Charleston Branch Manager, Melissa Loder, SBA WV Senior Area Business Opportunity Specialist, and Nikki Bowmar, SBA WV Public Affairs Specialist. No registration required, below is the log on information. 


SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less

October 8, 2020 | Release Number 20-81

Contact Carol R. Wilkerson at carol.wilkerson@sba.gov or 202-401-3059

WASHINGTONThe U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.

“The PPP has provided 5.2 million loans worth $525 billion to American small businesses, providing critical economic relief and supporting more than 51 million jobs,” said Secretary Steven T. Mnuchin.  “Today’s action streamlines the forgiveness process for PPP borrowers with loans of $50,000 or less and thousands of PPP lenders who worked around the clock to process loans quickly,” he continued.  “We are committed to making the PPP forgiveness process as simple as possible while also protecting against fraud and misuse of funds.  We continue to favor additional legislation to further simplify the forgiveness process.”

“Nothing will stop the Trump Administration from supporting great American businesses and our great American workers. The Paycheck Protection Program has been an overwhelming success and served as a historic lifeline to America’s hurting small businesses and tens of millions of workers. The new form introduced today demonstrates our relentless commitment to using every tool in our toolbelt to help small businesses and the banks that have participated in this program,” said Administrator Jovita Carranza. “We are continuing to ensure that small businesses are supported as they recover.”

SBA and Treasury have also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.  

SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020.  SBA will continue to process all PPP forgiveness applications in an expeditious manner.

Click here to view the simpler loan forgiveness application.

Click here to view the instructions for completing the simpler loan forgiveness application.

Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

SBA and Treasury Announce
New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, has posted a revised, user-friendly Paycheck Protection Program loan forgiveness application implementing the PPP Flexibility Act of 2020. In addition to revising the full forgiveness application, the SBA also published a new “EZ” version of the forgiveness application applying to borrowers who:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19 and did not reduce the salaries or wages of their employees by more than 25%

Details regarding the applicability of these provisions are available in the instructions to the new EZ application form. Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.

  • Click here to view the EZ Forgiveness Application.
  • Click here to view the Full Forgiveness Application.

October Newsletter l Simpler PPP Forgiveness for Loans of $50,000 or Less

WATCH ON-DEMAND: PPP Forgiveness Overview with Lender Relations Specialist Carlos Hernandez and Center for Women & Enterprise

WATCH ON-DEMAND: PPP Forgiveness Overview with Lender Relations Specialist Carlos Hernandez and Center for Women & Enterprise Do you want to get ready to apply for PPP forgiveness?
The Center for Women & Enterprise’s Beth Ann Dahan, Project Manager: COVID Business Recovery hosted a webinar with SBA MA Lender Relations Specialist Carlos Hernandez and other lending partners on Wednesday, October 14th all about the latest PPP Forgiveness process.  WATCH ON-DEMAND HERE

PP Forgiveness EZ Application Training – made easy as 1, 2, 3!

Join the U.S. Small Business Administration’s West Virginia District Office walk you through the process of filling out the Paycheck Protection Program Forgiveness EZ Application. Registration required, click here

Schedule: 

  • Tuesday, November 17, 2020 at 12pm EDT

Frequently Asked Questions on PPP Loan Forgiveness

Click here for Paycheck Protection Program (PPP) Frequently Asked Questions (FAQs) on Loan Forgiveness

Borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once it has used all loan proceeds for which the borrower is requesting forgiveness. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred and borrowers will begin making loan payments to their PPP lender.

A new PPP factsheet for borrowers has been created. Please click here to review. 


Accepting New Applications for Economic Injury Disaster Loans (EIDL)

In response to the Coronavirus (COVID-19) pandemic, small business owners and non-profit organizations in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL).  EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments.

SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications on June 15 to all qualified small businesses, including U.S. agricultural businesses.

The new eligibility for U.S. agricultural businesses is made possible by new authority granted by Congress in response to the COVID-19 pandemic. 

 If you have already applied via the streamlined application portal, please do not resubmit your application.

Eligible small businesses, private-nonprofits and agricultural businesses may apply for the EIDL here.

Join SBA’s West Virginia District Office for an information session on the Economic Injury Disaster Loan (EIDL) Reconsideration process.

EIDL Reconsideration

Join SBA’s West Virginia District Office staff for an information session on the EIDL Reconsideration process. This presentation briefly covers an EIDL overview and the reconsideration process for those if denied. The session concludes with a Q&A opportunity for attendees. To register, click here

Questions regarding an existing application can be directed to SBA’s 24/7 Customer Service Center at 800-659-2955.


To stay informed go to: https://www.sba.gov/updates and sign up for their newsletter.

To learn more about the relief options available for your business, click here.


Additional information on the CARES Act can be downloaded below:

West Virginia Tax Department COVID-19 Response Page

Keep up to date on the latest updates from our state office.  https://dhhr.wv.gov/COVID-19/Pages/default.aspx

The WV Small Business Development Center is also working to lessen the impact on WV businesses, and has put together this resource for businesses.  https://americassbdc.org/coronavirus-information/

Funding Resources

The New River Gorge Regional Development Authority received $750,000 in loan fund recapitalization for their revolving loan fund as part of the Appalachian Regional Commission COVID relief investments. This additional funding will be awarded to businesses who have been suffering during the COVID-19 pandemic. To get the application process started, click here.

Local Initiatives Support Corporation (one of the country’s largest social enterprises) and its partners are providing grants to small businesses during this challenging period. Grant applications for round 7 will be announced at a later date. This program supports small businesses and enterprises, especially those in under-served communities, including entrepreneurs of color, women and veteran owned businesses that often lack access to flexible, affordable capital. Applications will be reviewed based on criteria designed to prioritize particularly challenged businesses. For more information, click here.

The HartBeat of Main Street Grant Program was created by the Hartford Small Business Insurance and Main Street America. This initiative is designed to support brick-and-mortar businesses as they enter the next phases of reopening across the country, while also helping to revitalize and strengthen older and historic Main Street and commercial districts. As an applicant, you may apply for any amount between $5,000 and $15,000 USD. Final awards will be determined on a case by case basis. For the most current information and to apply, visit https://www.mainstreet.org/howwecanhelp/hartbeat.

Facebook is offering $100M in cash grants and ad credits through their Small Business Grants Program. Learn more.

JPMorgan pledged $50 million global philanthropic commitment to support communities and people hit hardest by this public health crisis, including $2 million to existing nonprofit partners and $8 million to assist small businesses. Learn more.

Kabbage launched an online hub to help boost sales for U.S small businesses impacted by COVID-19, including a system through which businesses can sell gift cards to consumers for use at a later date. Learn more.

The James Beard Foundation is launching a fund that will be gathering support from corporate, foundation, and individual donors to provide micro-grants to independent food and beverage businesses in need. Learn more.

MainVest, a crowdfunding platform, announced its new Main Street Initiative: a $2,000, zero-interest, 120 day loan for restaurants or other brick and mortars affected by the shutdown. Learn more.


Other Resources

CO.STARTERS Recovery Guide: This is an amazing group of resources from our training partner, Co.Starters.

COVID-19 Main Street Resources: Guidance resources for your community.