Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
This bill addresses economic impacts of, and otherwise responds to, the COVID-19 (coronavirus) outbreak and secures $300 million to provide economic relief for the fishing industry, including shellfish farmers.
Department of Treasury CARES Act Resources
Paycheck Protection Program
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
For a top-line overview of the program CLICK HERE
If you’re a lender, more information can be found HERE
If you’re a borrower, more information can be found HERE
Borrower Application Form – Updated 4/2
Lender Electronic Data Form *NEW*
Paycheck Protection Program – Interim Final Rule *NEW*
Frequently Asked Questions – Updated 4/13
Find an Eligible Lender
U.S. Department of Agriculture (USDA)
The USDA’s website has answers to “frequently asked questions” regarding their operations and their role in the federal response to the COVID-19 outbreak.
Economic Injury Disaster Loan Program
Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). Click here to apply.
Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.
The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
For up-to-date information including states or counties that are included or to apply for assistance, visit: https://www.sba.gov/disaster-assistance/coronavirus-covid-19
Department of Homeland Security
Seafood workers are “essential” and can keep working.
Regarding Foreign Labor
The Department of Labor Office of Foreign Labor Certification has released an update on DOL and H2B visas, U.S. Department of Labor: Employment and Training Administration, Office of Foreign Labor Certification – COVID19 FAQ as part of a COVID-19 update.
Coronavirus Rumor Control – FEMA
The purpose of this FEMA page is to help the public distinguish between rumors and facts regarding the response to coronavirus (COVID-19) pandemic. Rumors can easily circulate within communities during a crisis. Do your part to the stop the spread of disinformation by doing 3 easy things; don’t believe the rumors, don’t pass them along and go to trusted sources of information to get the facts about the federal (COVID-19) response.