More Financial Relief for Businesses

Navigating the Next Round of PPP

President Trump has signed a $900 billion of relief in an emergency measure for businesses and households impacted by the pandemic. The package supplies $325 billion in relief for small businesses, including a second round of the Paycheck Protection Program. It also provides $82 billion for K-12 schools and colleges, $15 billion for independent movie theaters, live entertainment venues and cultural institutions, and $55 billion into distributing coronavirus vaccines, testing and tracing. Click here to view the final bill.


The Cobb Chamber held a Business Recovery Webinar on Dec. 7 with a panel of experts explain and answer questions on the next round of the Payroll Protection Program (PPP) for your organization. Panelists included: Jonathan Crumly, Taylor English Decisions Founding Principal; Jeff Fucito, Mauldin & Jenkins Partner in Charge; Clark Hungerford, Vinings Bank President & Chief Credit Officer; Drew Tonsmeire, UGA Small Business Development Center at KSU Area Director; John Loud, Cobb Chamber Board of Directors Chairman 2020-2021; Sharon Mason, Cobb Chamber President & CEO.

Watch the webinar recording.
View the SBDC presentation.
View the Tax Credits and Provisions presentation.

Contact the UGA Small Business Development Center at Kennesaw State University



The University of Georgia SBDC has created an overview of the various components of the most recently passed COVID Relief Act. Click here to view the Economic Aid Overview. A specific website for COVID Relief Resources has also been created, which will be updated with any new resources.

The U.S. Chamber of Commerce's executive vice president and chief policy officer Neil Bradley discusses the new package, here. The U.S. Chamber also has a Guide to Small Business COVID-19 Emergency Loans to answer many questions.

Click here to view a list of Cobb Chamber member banks participating in PPP.

SBA Loan Application Information

SBA disaster assistance is now available to the entire state of Georgia. The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Georgia small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). These loans can provide vital economic support to help small businesses overcome the temporary loss of revenue they are experiencing. Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact.
Please note the following:

  • Applicants may apply online at
  • Applicants are applying for the Economic Injury Disaster Loan (EIDL) Program, so they MUST select the Economic Injury (EIDL) Loan Option.
  • If applicants select a different option, they do not have to re-register but they will need to start the application again.
  • Click here for a PDF that explains the Three Step Loan Process.
  • Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance.
  • For more information, visit

For more on this program, view this document. Here are more details including a step-by-step walk through of the SBA Economic Injury Disaster loans:

The U.S. Chamber has prepared a Small Business Guide and Checklist regarding the SBA's disaster relief loans. Coronavirus Emergency Loans Small Business Guide and Checklist

This document offers a comparison guide for the different SBA loans.

a person standing in front of a table


COVID-19: What Small Businesses Need to Know

Summary of CARES - Coronavirus Aid, Relief and Economic Security Act
View this summary of the CARES Act, simplifying the latest federal benefits in response to the COVID-19 crisis.

The IRS has released two new FAQs on the Economic Impact Payments provided by the CARES Act. The first answers questions generally about the payments, including who qualifies and for how much. The second answers questions on the 'Get My Payment' portal the IRS application that helps Americans track their payment.

CobbWorks Offers On-the-Job Training Funds
Cobb County Government has issued $1 million in CARES Act funding to CobbWorks Inc. to provide a robust Economic Recovery and Humanitarian Assistance Project to more than 230 Cobb residents and employers. Through this project, employers can receive on-the-job training funds, which allows employers to teach new employees the skills necessary to perform a job adequately while reimbursing them for the loss of productivity during the training period. Learn more here.

Guide to the Employee Retention Tax Credit
The US Chamber created a guide for the new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19.

Free HealthMarkets Resource from UnitedHealth Group
UnitedHealth Group has recently launched its new GetCovered campaign and HealthMarkets resource which provides free services to connect individuals to insurance while providing educational information and tools to help assess options based on eligibility and affordability. Click here to learn more about the HealthMarkets resource and services.

COVID-19 Relief Loan Programs with Peach Tree Capital
Peach Tree Commercial Capital is offering flexible features and loan structures for businesses impacted by the coronavirus. Underwriting guidelines have been adjusted to allow for the first 3 months of payments to be escrowed, which allows temporary relief with no payments due until month 4. For more information, contact Jesus Martinez at 678-784-4144 or

Georgia SBDC Resources

Georgia's Small Business Development Center has published a guide for "Conquering a Business Crisis."

a close up of a sign

Paycheck Protection Program

Congress has approved $484 billion in new COVID-19 funding relief. This relief package includes money for the payment protection program. The U.S. Chamber of Commerce has provided a summary of the new CARES Act funding. The legislation is expected to be signed into law soon.

Other helpful resources:
SBA's Small Business Guidance and Loan Resources
SBA's Coronavirus Funding Relief Options

The U.S. Chamber of Commerce has released a new guide to help businesses navigate loan forgiveness under the Paycheck Protection Program: Guide to PPP Loan Forgiveness.

Paycheck Protection Program
The Paycheck Protection 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. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. You should consult with your local lender as to whether it is participating in the program. For more details, click here. Read more on the Second Round Data, here.

PPP Funds Set Aside for Low-Income Communities
The Small Business Administration and Department of Treasury announced they would set aside $10 billion of Paycheck Protection Program funding to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs are focused on bringing funding to low-income communities. More information is available here.

Main Street Business Lending Program

The banking community is recommending that businesses apply for the Federal Reserve's Main Street Business Lending Program. This program supports small and mid-sized businesses that were in good financial standing before the public health crisis. The Treasury will invest $75 billion into a special purpose vehicle (SPV) to purchase eligible loans. Click here to learn more. This lending vehicle minimum loan is $500K max loan is $25 million. Click here to learn more.

More information on the program is available here.

Minority-Owned Small Business Relief Initiative

Restore ATL Fund
In partnership with CareSource, the Metro Atlanta Chamber has launched the RESTORE ATL Fund to support black-owned small and medium-sized businesses in metro Atlanta that have been adversely impacted by the COVID-19 pandemic. The RESTORE ATL Fund was established to provide companies immediate gap assistance through the distribution of $5,000-$10,000 grants. Applications are open until July 6.

Eligibility criteria for the grant program are as follows:
• Company must be black-owned
• Company must be a for-profit business located in the Atlanta Metropolitan Statistical Area
• Company must have been in business for a minimum of 3 years before March 1, 2020
• Company must have fewer than 100 employees (full-time, part-time and contractors)

For more information on the RESTORE ATL Fund, please visit

Hispanic Small Business Relief Initiative
Prior to the COVID-19 pandemic, Hispanic small business owners in Georgia already faced significant barriers towards growth and survival. The economic & personal impacts of this crisis will be disproportionately devastating. This initiative serves to supply financial assistance & support by providing cash grants, education and technical assistance, and resources to help businesses during the crisis and toward resiliency and recovery.

You can support this initiative with a donation: To learn more, the Georgia Hispanic Chamber has issued this flyer.

If you have any questions or would like to discuss other giving solutions, please contact Norma Zúñiga-Cardoza, Certified Nonprofit Professional at

Visa and IFUNDWOMEN Grant Program for Black Women-Owned Businesses
Through this program, Visa is committed to providing Black women entrepreneurs with access to the capital, coaching and connections they need to grow their businesses during this challenging time. Ten (10) qualified recipients will each be awarded a $10K grant + a 1-year IFundWomen Annual Coaching Membership. Applications are being accepted through July 31, 2020. Click here to learn more.

Families First Coronavirus Response Act

The Families First Coronavirus Response Act expands access to emergency paid sick leave to as many as 87 million U.S. workers. Many of these workers currently have no paid leave and are being forced to choose between their paycheck, their health, and the health of the people around them. This is a critical step toward protecting families' financial security and mitigating the spread of the coronavirus.

SBA $10K Emergency Economic Injury Grant

A small business (under 500 employees) who has had a loss of revenue due to COVID-19, can follow this link to apply for the SBA Economic Injury Disaster Loan. Updated for the federal stimulus package, the CARES Act. Near the end of the form, businesses can check a box to receive a $10,000 advance (followed by fields to fill in the name of his/her bank, the routing number and the account number).
The $10K advance is the Emergency Economic Injury Grant. The grant does not have to be repaid, and is immediate cash for a small business.

It's available by legal entity too, so if a business owner owns five different businesses—as long as they are set up as different entities (LLCs, S-Corps, Sole proprietorships, etc.)—the owner can apply for this for each small business entity.

Please note: This is not the 7(a) loan that has to go through an approved SBA bank lender.

Department of Labor Assistance for Employees

Governor Brian Kemp and Labor Commissioner Mark Butler issued a statement regarding the Georgia Department of Labor Assisting Workers during this difficult time. Commissioner Butler is mandating that all employers electrically file a partial claim on behalf of their employees if the current situation has deemed it necessary for you to significantly reduce hours or temporarily lay off workers.

The benefits of partial claim filing:

  • Employers retain their workforce - this is not considered a full lay-off
  • There is no additional cost to the employer and the UI ratio will not increase due to these lay-offs during the current situation
  • Your employees will be able to begin receiving monetary benefits within days of the electronic filing which will assist them with meeting the needs of their families
  • Partial claims are temporary - they have a 6 week period (which can be extended under certain circumstances)
  • Partial Claims do not count against any full claims you may need to make in the future. Should you end up having to lay off employees, those employees would still be entitled to the full 14 week benefit (the current length of time unemployment benefits are allowed).

Please go to to begin the process.

Should you have any questions, please feel free to contact Elizabeth Scott, Region 3N Coordinator for the Georgia Department of Labor at 404.859.8907 or

Georgia Department of Labor (GDOL): Service Directory
Georgia Department of Labor (GDOL): How to File an Unemployment Claim
Georgia Department of Labor (GDOL): Employer Filed Claims Instructions
Georgia Department of Labor (GDOL): File an Unemployment Claim

The Georgia Chamber has a summary of expanded rules and resources recently announced by the GA Department of Labor as part of the state's COVID-19 response. Click here to view their resource.

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