Resources


Resources for Businesses

On March 27th Governor Cooper Issued a Stay in Place Order effective March 30th.
To read the executive order click here

How Does North Carolina define an Essential Industry? Click Here

Is your business considered an Essential Industry?

NEW Protocol for Essential Business:   To continue operations through a restriction or curfew, your business must apply for Re-Entry Certification. The N.C. Business Emergency Operations Center offers these steps to complete that request for certification. For guidance on how U.S. Homeland Security defines “Essential Critical Infrastructure Workers,” check here.  Businesses should email beoc@ncdps.gov with the following:

  • Business name
  • Point of contact including:
  • Name
  • Email
  • Phone number(s)
  • Address
  • Nature of their business and why your operations are critical
  • Business website URL

U.S. Small Business Administration


The SBA has approved N.C. Governor Roy Cooper’s request for a disaster declaration. The COVID-19 pandemic has resulted in modified and additional Small Business Administration resources to help N.C. small businesses, small aquacultural businesses, small agricultural cooperatives and/or most private nonprofit organizations. Applicants are encouraged to apply for the Economic Injury Disaster Loans online.

Section by Section Explanation of the Corona virus Aid, Relief and Economic Stimulus. (CARES) Click Here

Paycheck Protection Program

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020

SBA Express Bridge Loan

The CARES Act, which provides additional assistance for small business owners and non-profits, includes the
opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may
be available even if your EIDL application was declined or is still pending and will be forgiven. If you wish to apply for the Advance on your EIDL, please visit SBA.gov/Disaster as soon as possible to fill out a new,
streamlined application. In order to qualify for the Advance, you need to submit this new application even if
you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow
your existing application.

Summary of the emergency appropriations for corona virus health response and agency operations. Click Here to Read

Interested in upcoming small business grant opportunities? See below

Kenan Institute: This page is a compilation of federal, state, local, and private resources available to small businesses in North and South Carolina for dealing with the effects of COVID-19. The site includes grants as well as loans. Use the filter option to customize your search.

New Grant for Small Businesses: Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers as we can. We hope these supplemental funds will help you get through the next days and weeks.
https://savesmallbusiness.com/

Facebook Small Business Grants Program

Facebook is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries due to the effects of COVID-19. Sign up for more info!

COVID-19 Community Response and Recovery Fund

United Way Worldwide has announced that it has established the COVID-19 Community Response and Recovery Fund to support affected communities and help the most vulnerable populations receive critical financial and social service support during the global crisis.

Is your business experiencing supply chain disruptions due to the impact of COVID-19?

Find the Manufacturer or Supplier your business needs at ManufacturedNC:

  • This database of suppliers contains every kind of thing produced in NC. Whether you’re a manufacturer who wants to localize your supply chain or a business searching for packaging suppliers, you’ll find exactly what you’re looking for here.
  • If you are an N.C. manufacturer, please register your business with ManufacturedNC here. Other businesses may be looking for you!

Do you need business counseling services, including layoff aversion strategies?

For all general questions, call Business Link North Carolina (BLNC) at 800.228.8443. BLNC staff are available Monday through Friday, 8:30 am – 4:00 pm.  BLNC staff will connect your business to the appropriate organization for assistance.  All inquiries will receive a response from a confidential business counselor within three (3) business days.  “Se Habla Español.”

Business Edge Services

919.814.0400 or Toll-Free: 800.562.6333 (Choose Option 2 – Business Services)

DWS_BusinessServices@nccommerce.com

Business Edge is a series of layoff aversion strategies and activities designed to help North Carolina employers prevent or minimize job losses. Through Business Edge, workforce partners collaborate with business leaders to assess the needs of, and options for, “at-risk” firms, and to deliver services that address those needs.

Are state and federal agencies offering any payment relief or extended payment deadlines to me or my business?

Federal Coronavirus Tax Relief

The U.S. Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

N.C. Department of Revenue Special Penalty Relief

N.C. Department of Revenue recently announced that they will extend the April 15 tax filing deadline to July 15 for individual, corporate, and franchise taxes to mirror the announced deadline change from the Internal Revenue Service. In addition to the filing extension, the NCDOR will not charge penalties for those filing and paying their taxes after April 15, as long as they file and pay their tax before the updated July 15 deadline.

Looking for funding resources that can provide low interest lending options?

North Carolina is home to a variety of non-profit lenders that can provide access to the capital your business needs. Each of these organizations is a Certified Community Development Financial Institution (CDFI). These include (in alpha order):

Carolina Community Impact, Inc.

919.861.5321

Carolina Community Impact, Inc. provides access to credit building and asset building techniques and services through financial education and small-dollar consumer loans.

Carolina Small Business Development Fund 

(formerly known as The Support Center)

919.803.1437

Founded in 1990 to promote economic opportunity for all, the Carolina Small Business Development Fund is passionate about supporting small businesses. Because those who go into business for themselves should never be left by themselves. Offices are located across the state.

MAY Coalition

(828) 765-8880

MAY Coalition is a nonprofit corporation whose mission is to help create high quality employment opportunities for unemployed and underemployed residents of Mitchell, Avery, and Yancey counties in North Carolina.

N.C. Community Development Initiative

919.828.5655

 Initiative Capital, the N.C. Community Development Initiative’s lending arm, provides strategic lending and investment for community economic developers and businesses that create jobs, promote economic growth and facilitate the development of affordable housing and community revitalization, particularly in low-resource areas of the state.

Self-Help Credit Union

Lending Office: 800.476.7428

Business Loan Webform

Self-Help’s mission is to create and protect ownership and economic opportunity for all. They do this by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices.  Branch locations are in Florida, North Carolina, South Carolina and Virginia. 

Thread Capital

919.212.4950

connect@threadcap.org

Launched in June 2018 by the N.C. Rural Center, Thread Capital gives N.C.’s small businesses and entrepreneurs access to the resources they need to thrive. Thread Capital provides small business loans up to $50,000 to traditionally underserved entrepreneurs in North Carolina. Thread Capital also provides disaster recovery loans up to $250,000. Rapid Recovery loans provide immediate cash to businesses to keep their doors open in the aftermath of a natural disaster. Resilient Recovery loans are designed to help small businesses be better prepared for future disasters.

Do you need business counseling services, including layoff aversion strategies?

Business Edge Services

919.814.0400 or Toll Free: 800.562.6333 (Choose Option 2 – Business Services)

DWS_BusinessServices@nccommerce.com

Business Edge is a series of layoff aversion strategies and activities designed to help North Carolina employers prevent or minimize job losses. Through Business Edge, workforce partners collaborate with business leaders to assess the needs of, and options for, “at-risk” firms, and to deliver services that address those needs. 

Small Business and Technology Development Center

919.715.7272 or Toll-Free: 800.258.0862

The Small Business and Technology Development Centerprovides management counseling and educational services to small and mid-sized businesses, including those in distress. Most of the SBTDC’s services are free of charge, and all are confidential.  Offices are located across the state.

Is your business experiencing supply chain disruptions due to the impact of COVID-19?

Find the Manufacturer or Supplier your business needs at ManufacturedNC:

  • This database of suppliers contains every kind of thing produced in NC.  Whether you’re a manufacturer who wants to localize your supply chain or a business searching for packaging suppliers, you’ll find exactly what you’re looking for here.
  • If you are a N.C. manufacturer, please register your business with ManufacturedNC here. Other businesses may be looking for you!

Do you need to file an Unemployment Insurance claim?

N.C. Division of Employment Security

888.737.0259

If you have lost your job or been laid off, file an Unemployment Insurance (UI) claim. If you are not eligible for UI benefits, the business owner and/or employee may be eligible for Disaster Unemployment Assistance (DUA). DUA is a federal program that provides temporary payments to people in a federally declared disaster area whose employment has been lost or interrupted as a direct result of the disaster. Business owners that are self-employed, farmers, or commercial fishermen, who are unemployed as a direct result of the disaster may be eligible. 

FAQ for Employers regarding unemployment insurance. Click Here

Looking for other helpful government resources?

N.C. Dept. of Health and Human Services: COVID-19 Recommendations for Businesses and Employers

Centers for Disease Control and Prevention: Interim Guidance for Businesses and Employers

U.S. Small Business Administration: Coronavirus (COVID-19): Small Business Guidance & Loan Resources (Please note: North Carolina has not received a federal disaster designation yet.)

FAQs and Resources for Hotels and Restaurants Can Be Found Here.

NC 2-1-1 by United Way of North Carolina is the best resource for people to call for assistance related to the COVID-19 coronavirus. This includes older adults and caregivers. NC 2-1-1 can refer callers to the organizations in their local community best equipped to address their specific health and human services needs including food, shelter, energy assistance, housing, parenting resources, health care, employment, substance abuse treatment, as well as specific resources for older adults and for persons with disabilities, and much more. 2-1-1 or TTY 888.892.1162 for assistance.

The national Disaster Distress Helpline crisis counseling & emotional support continues to be available for anyone experiencing distress or other mental health concerns during the ongoing COVID-19 infectious disease outbreak. Call 1-800-985-5990 (press “2” for Spanish).

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