We understand the strains that COVID-19 has created for our businesses and our community. The Hoquiam Business Association is here to support you, your business and our community during this ongoing public health situation. We have collected the resources on this page to help as we navigate through this uncertain time together.
If the HBA can be of assistance to you during this time, please contact us at email@example.com or through the chat feature on this website.
Information and guidance on COVID-19 is evolving daily. We encourage you to visit these local resources for up-to-date information and breaking news.
CARES ACT ECONOMIC RELIEF OPTIONS
The CARES Act created several new, temporary programs to address the economic challenges facing small businesses during the COVID-19 outbreak. These programs include:
The Paycheck Protection Program (PPP): a loan from the Small Business Administration (SBA) that helps businesses keep their workforce employed. This program may provide loan forgiveness for businesses who retain their employees.
Economic Injury Disaster Loan Emergency Advance (EIDL): This loan advance can provide up to $10,000 of economic relief to businesses that are experiencing temporary difficulties.
SBA Express Bridge Loans: This option may enable businesses who currently have a relationship with an SBA Express Lender to access up to $25,000.
SBA Debt Relief: The SBA is providing a financial reprieve to small businesses during the pandemic.