Small Businesses’ Relief Resources

There are an estimated 30 million small businesses in the United States that have been impacted by COVID-19 (coronavirus). U.S. small businesses are the number one employer in the United States. The quantitative and qualitative economic impact of small businesses shutdown in our country is staggering, therefore, keeping you in business, is our business shutting down. Federal, State, Local and private organizations are providing and/or will be providing relief to small businesses.  SCORE Delaware seeks to ensure all of the diverse and small businesses in our great State either evolve or thrive during this national emergency.  Listed below are some the access capital, funding or business support services that are either now available or will be available to small businesses in the coming weeks. Also, we are providing you some resource links so that you can remain well-informed on the funds and services that are being made available to U.S. small businesses. Please keep in mind that founding sources and business support resources are changing daily, however this is the best available information as of March 22, 2020.  Please visit the following resource links for current, correct, and complete updates. We stand with you, advocate for you and are here to serve you. We welcome your questions, suggestions and requests for mentoring because we are in this together with you.  Please contact us via telephone at (302) 661-2366 or vis email at contact.0042@scorevolunteer.org.

Federal

SBA Economic Injury Disaster Loans - Delaware has been approved for an Economic Injury Disaster Declaration from the U.S. Small Business Administration. SBA Economic Injury Disaster Loans offer up to $2 million in assistance. These 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. Check if the SBA has issued a disaster declaration in your area by visiting the following website: https://disasterloan.sba.gov/ela/Declarations (Delaware does).  

2. Apply for a disaster loan by visiting the following website: https://disasterloan.sba.gov/ela/Account/Login  

3. Then login to your account and check your e-mail for updates

4. For additional assistance contact the SBA Disaster Assistance Customer Service Center at 1-800-659-2955.

5. For more information visit: https://disasterloan.sba.gov/ela/Information/Index.

Federal Income Tax Filing and Payment Deadline Extension

The federal tax return filing deadline is now July 15, 2020. For tax payments of up to $10 million, the IRS has also extended the deadline for both individuals and businesses to July 15, 2020. Estimated tax payments for 2020 originally due on April 15 will now be due on July 15. Visit www.irs.gov for more information.

Check with your State tax agency to find out if your business has more time to file or more time to pay state and local taxes this year as a result of the coronavirus. For the State of Delaware visit: https://revenue.delaware.gov/.

State of Delaware

Delaware’s Hospitality Emergency Loan Program (HELP) – Delaware’s Division of Small Business will administer the program and the application for this loan is now available at https://business.delaware.gov/coronavirus/.  For more information contact the Division of Small Business via email at business@delaware.gov  or call 302-739-4271 or visit www.delbiz.com.

Purpose: To provide financial relief for restaurants, bars and other hospitality industry businesses.

Eligibility: Businesses must have been in operation for at least a year, have annual revenue below $1.5 million and be in certain hospitality-connected industry.

Loan Amounts: No-interest loans are capped at $10,000 per business per month.

Usage: Money can be used to cover rent, utilities and other unavoidable bills but cannot be used for personnel costs.

Term and Repayment: 10-year term with payments deferred for nine (9) months.

Delaware Unemployment Benefits - Assistance is also available for Delaware workers impacted by the coronavirus outbreak. Governor Carney approved the following changes to Delaware’s unemployment benefits program for the hospitality industry:

  • The Department of Labor (DOL) will begin processing unemployment claims as they are received with the goal of benefits becoming available within a week. 
  • DOL will allow part-time income while collecting benefits as long as employees can demonstrate their decreased hours and earnings.
  • DOL will not classify tipped employees as minimum wage earners as long as their tips are reported as wages.
  • DOL offices will be closed to public access during this State of Emergency, the Delaware Department of Labor remains operational and offers the ability for Delawareans to file for unemployment benefits online at the following link: https://ui.delawareworks.com/  Questions can answered via email at uiclaims@delaware.gov or via at 302-761-8446.

Special Note: States and municipalities are adding programs by the day. Check your governor’s website for up-to-date information about relief available in your area. The National Governors Association offers a list of governors’ websites: https://www.nga.org/governors/addresses/

Website: https://governor.delaware.gov/

Lender and Corporate Small Business Assistance Programs

Delawareans with questions about COVID-19 or their exposure risk can call the Division of Public Health’s Coronavirus Call Center at 1-866-408-1899 or 711 for people who are hearing impaired from 8:30 a.m. to 8:00 p.m. Monday through Friday, and 10 a.m. to 4 p.m. Saturday and Sunday, or email DPHCall@delaware.gov.  For the latest on Delaware’s response, go to de.gov/coronavirus.