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. 


SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today (January 8, 2021) that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.  The PPP will open to all participating lenders shortly thereafter. 

Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza.  “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin.  “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19.  We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan. 

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares

Q&A with SBA

Join WV’s SBA for a Q&A session featuring: Kim Donahue, SBA Charleston Branch Manager; Melissa Loder, Senior Area Business Opportunity Specialist; Nikki Bowmar, SBA WV Public Affairs Specialist; Raychel Fitzwater, CARES Act Program Support Assistant; Rick Haney, Lender Relations Specialist; and Leo Lopez, Lender Relations Specialist. 

Thursdays at 12pm. Registration is not required. Click the link below or call in.

Join Microsoft Teams Meeting 
Phone: 202-765-1264 
Conference ID:  402791363#

PPP (CARES Act-2020) Round One Information

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

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 instructions for completing the simpler loan forgiveness application.

Click here to view 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.

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. 

Click here for full fact sheet!


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.