COVID-19
Your Bellevue Chamber of Commerce is working diligently.
With the onset of the COVID-19 health challenges, we will be updating this page daily to best serve our Community.
Please watch for more information coming from the Chamber with regards to our upcoming events. Our office is currently open with limited hours only. Please email us with questions!
Financial Assistance Information
Coronavirus Emergency Loans- Small Business Guide and Checklist
The U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan. Click Here.
Paycheck Protection Program (PPP)
The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. Applications for the Paycheck Protection Program can be filed at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and additional lenders approved by the Department of Treasury. Find local SBA assistance.
Economic Injury Disaster Loan (EIDL)
Changes have been made to the existing EIDL program administered by the SBA. Loans can now be made based solely on credit scores. Loans are now available to all non-profits, including 501(c)(6) organizations. Loans below $200,000 can be approved without a personal guarantee. Borrowers can receive $10,000 cash advances that are forgiven if spent on paid leave, maintaining payroll, increased costs due to supply chain destruction, mortgage or lease payments, or repaying obligations that cannot be met due to revenue losses. There is no obligation to repay the grant. To receive the $10,000 emergency grant, it is not necessary to have an approved EIDL loan. However, if you can secure a PPP loan, the $10,000 grant will be subtracted from the forgiveness amount.Employee Retention Tax Credit
UPDATE: April 6, 2020 – SBA announced it is implementing a $1000 per employee on the advance, up to a maximum of $10,000. So, a business with three employees, for example, would be eligible to receive only $3,000 up front, as opposed to the originally stated $10,000. To check the status of your loan application call 800-659-2955 or email disastercustomerservice@sba.gov.
Coronavirus Aid, Relief and Economic Security Act (CARES)
CARES Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19. Employers who receive a Paycheck Protection Program (PPP) loan are not eligible for a tax credit. Find out more information about the tax credits.
Employer and Employee Information
Employer Unemployment Insurance Benefits during COVID-19 Webinar
A webinar from Iowa Workforce Development specifically for employers explaining how to navigate unemployment insurance benefits during the COVID-19 pandemic. Watch this.
How to file for unemployment if you are self employed
DOL.COVID-19 Fair Labor Standards Act Questions and Answers
A FAQ guide provided by the U.S. Department of Labor covering the impact of COVID-19 on the Fair Labor Standards Act. Click Here.
Leave Policy for Employees Impacted by COVID-19 Layoffs
Iowa Workforce Development has implemented updates to its leave policy for filing unemployment insurance benefits following the enactment of the CARES Act. Effective immediately, employees who are or will be laid off, or are unable to work for reasons related to COVID-19, will no longer be required to use all paid leave prior to being eligible for unemployment insurance benefits. Find the IWD COVID-19 Information Page for more information.