Iowa Coronavirus Covid 19 Business Resources
Iowa small businesses are officially eligible for disaster assistance from the U.S. Small Business Administration. Businesses impacted by the COVID-19 pandemic may apply for up to $2 million in federal assistance to help overcome the temporary loss of revenue.
Below are helpful links regarding loan parameters and the application process.
If there is any way the Payteva team can serve your business during these uncertain times or if you need access to additional resources, please don’t hesitate to reach out.
IOWA SMALL BUSINESS RELIEF FUND
On Monday, March 23, Governor Reynolds announced a new Iowa Small Business Relief Program that will provide financial assistance to small businesses and tax deferrals to any Iowa businesses that have been economically impacted by the COVID-19 pandemic. Applications will be available on the Iowa Economic Development’s website on Tuesday, March 24, at 8 a.m. Application deadline is Tuesday, March 31, at 12 p.m.
SBA ISSUES DISASTER DECLARATION
The SBA issued a disaster declaration for the state of Iowa as of March 21, 2020. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor Kim Reynolds submitted a federal funding request via the SBA’s Economic Injury Disaster Loan program.
On March 17, 2020, the U.S. Small Business Administration (SBA) updated criteria on states for requesting disaster assistance loans for small businesses impacted by Coronavirus (COVID-19). The relaxed criteria allows for faster, easier qualification process for states seeking SBA disaster assistance and creates exapnded, statewide access to SBA Disaster Assistance loans.
On March 23, 2020, the SBA announced automatic deferments through December 31, 2020 for borrowers still paying back SBA loans from previous disasters.
COVID-19 IMPACT SURVEY
The Iowa Economic Development Authority (IEDA) needs to assess the impact of the pandemic in Iowa. To assist in these efforts, please complete this survey, developed by University of Northern Iowa – Institute for Decision Making, to tell us what your business is experiencing and how your business is handling the current crisis.
IEDA will use the information collected in this survey to inform its public policy in response to the crisis, as well as potential assistance to businesses. The deadline to complete this survey is Monday, March 23 at 5 p.m.
SURVEY TRACKING: Has your area been counted? Responses by county as of March 23, 2020 at 9 a.m. [PDF] and tracking map.
Iowa Small Business Relief Fund
Applications will be available on Tuesday, March 24 at 8 a.m.
SBA Disaster Assistance Loans
Apply for Funding
CDBG Grant Funds
Funds to Support Infectious Disease Response [PDF]
Iowa Workforce Development
Assistance for employees and employers affected by COVID-19 related layoffs
Office of the Governor of Iowa
Latest News and Information
Iowa Alcoholic Beverages Division
Updated Rules and Regulations for Bars & Restaurants
Iowa Utilities Board
Order Extending Winter Moratorium for Electric and Natural Gas Customers
Iowa Workforce Development
Iowa Workforce Development Response to COVID-19
State of Iowa COVID-19 Information
Internal Revenue Service
Tax Payment Deadline Extended to July 15, 2020
Association of Chamber of Commerce Executives
SBA Disaster Loan Information
CIRAS at Iowa State University
How to deal with COVID-19
Iowa Business Information on COVID-19
Iowa Small Business Development Center
How to Prepare Your Small Business for Coronavirus
Main Street America Resource Center
Guidance for Your Community
COVID-19 Resources for Economic Development Planning & Recovery
Information for Iowa Tourism Partners
U.S. Department of Homeland Security
Guidance on Essential Critical Infrastructure Workers [PDF]
Iowa Department of Public Health
Novel Coronavirus (COVID-19) Information