We’ve built this webpage as a resource library for small Nebraska businesses and nonprofits that need support. This is not intended to act as any sort of legal or financial advice. It is intended for information purposes only. If you know of other state or local resources, please submit them to us here so we can add to this list. Stay healthy and safe. We’re all in this together.
VC Backed Startups
NVCA is closely monitoring the outbreak of the coronavirus (COVID-19) and is working diligently to provide resources that aim to help firms and portfolio companies. This webpage provides important information and resources to venture-backed companies about the federal response to COVID-19, including tax credits, loan opportunities, and sick leave. There is some new information on this page about how the multi-phased approach by the government interacts. For example, if a firm uses the employee retention credit they can’t access the small business loan facility. It’s an either/or scenario. So It’s going to be important for firms to map out their approach before taking money.
Sections of this resource:
- Legislative Action Important to VC-backed Companies
- Federal Agency Resources and Action
- NVCA Resources & Updates
- Stop the Spread Campaign
- Additional Resources for VCs and Startups
SBA Disaster Loan Covid-19
Download the PDF details by clicking here
- The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters.
- The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
- Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).
- SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance to help overcome the temporary loss of revenue they are experiencing.
- 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. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
- SBA offers loans with long-term repayments, up to a maximum of 30 years.
- For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail firstname.lastname@example.org.
Unemployment Changes in Nebraska
The federal government is allowing new options for states to amend their laws to provide unemployment insurance benefits related to COVID-19. For example, federal law allows states to pay benefits where:
- An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work;
- An individual is quarantined with the expectation of returning to work after the quarantine is over; and
- An individual leaves employment due to a risk of exposure or infection or to care for a family member.
In addition, federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19.
|General Information about NE Unemployment Insurance Program: https://dol.nebraska.gov/UIBenefits|
|To file a Nebraska UI claim online: https://neworks.nebraska.gov/vosnet/Default.aspx|
|To file a NE claim by telephone number: https://uibenefits.nwd.ne.gov/BPSWeb/jsp/BPSTelephone.jsp|
|To check the status of your claim: https://uibenefits.nwd.ne.gov/BPSWeb/jsp/BPSClaimantLogin.jsp|
Nebraska Housing During Coronavirus
The U.S. Department of Housing and Urban Development announced a foreclosure and eviction moratorium Wednesday for single-family homeowners for the next 60 days if they have Federal Housing Administration-insured mortgages. The action “will allow households who have an FHA-insured mortgage to meet the challenges of COVID-19 without fear of losing their homes, and help steady market concerns,” HUD Secretary Ben Carson said in a statement. More information on the HUD’s eviction and foreclosure moratorium can be found here.
“For homeowners, Fannie Mae and Freddie Mac have already made clear that all you have to do is call your servicer, the phone number that you send your payment to every month, and tell them that because of coronavirus you are unable to pay your mortgage,” Dworkin said. “It may be because you lost your job, it may be because you’re sick. It doesn’t matter. They’re not asking for proof. They’re just saying if you can’t pay your mortgage because of COVID-19 let us know, and we will defer your mortgage payments for as long as six months.” More information can be found here.
Landlords in Omaha are being asked by the city not to evict residents at this time. If you need help with this issue, contact the mayor’s office.
Small Business Grants
In the private sector, Facebook pledged $100 million in grants on Tuesday for up to 30,000 eligible small businesses in over 30 countries hit hard by the COVID-19 outbreak. More information on how to access a Facebook grant for small businesses can be found here.
The U.S. Chamber has compiled CDC’s coronavirus recommendations for businesses and workers across the country. We continue to encourage American businesses to follow data-based guidance from the CDC and state and local officials. Here, you’ll find sharable graphics based on the CDC’s latest guidance for businesses and employees.
EXIM Extends Assistance
The Export-Import Bank of the United States (EXIM) is announcing relief provisions for exporters and financial institutions located throughout the United States that may have been affected by COVID-19 (coronavirus). These adjustments include:
- Working Capital Guarantee Program
- Multi-Buyer and Single-Buyer Short-Term Insurance Program
- Medium-Term Single-Buyer Insurance Policies Issued to Exporters
|Working Capital Guarantee Program||Mario Ramirez|
|Export Credit Insurance||Anita Turi (Multi-Buyer Policies)|
Jean Fitzgibbon (Single-Buyer Policies)
|Medium-Term Insurance and Guarantees||Bonnie Cybulko||(202) 565-3951|
|Central Regional Office|
Eastern and Western Regional Offices
Sharyn H. Koenig
(305) 526-7436 x17
|Claims Processing||Donna Schneider||(202) 565-3612|
|Director of Broker Relations||Ed Coppola||(202) 565-3717|
|Senior Vice President – Medium and Long-Term Lending||David Sena||(202) 565-3272|
Small Business Relief Initiative
The Intuit Quickbooks website has resources and tips about what you can do to address the coronavirus pandemic, including:
- Financial preparedness tips
- Workplace prevention tips
- Suggestions for hosting events
- Best practices for remote work
- Boosting employee morale
- Guidance for protecting your business and employees during the pandemic
|To help small businesses affected by COVID-19, we’re teaming up with GoFundMe to launch the Small Business Relief Initiative.|
|QuickBooks is committing up to $1 million through a fund and employee-directed contributions while also seeking donations from other large partners.|
|If you’re a small business impacted by COVID-19 or want to help a local business, you can start a GoFundMe fundraiser.|
|How it works|
|1.Visit Small Business Help to start your free GoFundMe page.2.Share your fundraiser with your community, using #SmallBizRelief to spread the word.3.Learn more about how the Small Business Relief Initiative will support these fundraisers, boosting contributions from your supporters.|
Nebraska Low Income Energy Assistance Program
The Nebraska Low Income Energy Assistance Program (LIHEAP) helps people with limited incomes offset the cost of heating and cooling their homes. The program will partially pay the cost of electricity, fuel oil, gas, coal, wood, kerosene, propane, or other fuel sources.
Stimulus Package For Small Businesses
The federal government is passing a $2.2 trillion stimulus bill that will have significant provisions for small business owners. Here are a few highlights from the bill, as well as an informative article from the Tax Foundation. This is an important time for small businesses to start circling up with their CPAs and accounts to discern the best advantages and opportunities. Do you need an account? You should talk with Climb.
- Extended unemployment benefits to include1099’s and contract workers
- Employers may receive up to a 50% payroll tax refund if their revenue drops by 50% or more
- Employers can pay for student loans of employees and it will not be counted as income for the employee
- Paycheck protection act will provide loans for small businesses that could be completely forgiven if businesses retain all employees