For up-to-date information on the impact of COVID-19 and programs to assist small business: business.delaware.gov/coronavirus/
For current information on Governor Carney's Recovery Plan: https://governor.delaware.gov/delawares-recovery/#shape-recovery
LOAN PROGRAM INFORMATION
Start your search with a helpful PDF chart of the financial relief programs currently available.
The Delaware Division of Small Business is offering the Hospitality Emergency Loan Program (HELP) to provide funds to some of the businesses and nonprofits in the state most significantly impacted by Coronavirus. The Division will make no-interest loans of up to $10,000 per business per month available to eligible businesses in the hospitality industry.
The SBA (Small Business Administration) is managing two of the federal relief programs. Information is available at these links:
These programs are administered by local banks. Check with your bank to find out if they are participating and to get an application.The Delaware SBA office holds regular calls to relay the latest information on these programs and allow business owners to ask questions:
UNEMPLOYMENT FOR BUSINESS OWNERS
In some cases, small business owners will be eligible to receive unemployment benefits even though they have not made contributions to the unemployment insurance trust fund. As of this writing on April 8th, the policies and regulations governing this addition to program eligibility have not been finalized. It is expected that unemployment claims by small business owners will be accepted online starting on May 11 at this website by the Delaware Department of Labor.
Get your questions answered at Department of Labor COVID-19 Response Center.
ADDITIONAL RELIEF FUNDS
Verizon Small Business Recovery Fund will provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.
US Chamber of Commerce Save Small Business Fund is a collective effort to provide $5,000 grants. To qualify, the business must employ between 3 and 20 people, be located in an economically vulnerable community and have been harmed financially by COVID-19 pandemic. For more details on the qualifications and the application, go to Save Small Business Fund.
Delaware nonprofits (501c3 or 501c19) have exclusive access to $12 million in funds designated by the National Development Council (NDC), thanks to the generous underwriting of Longwood Foundation, Welfare Foundation, the Jessie Ball duPont Fund and with support from Discover Bank. More information and the application portal are available through DANA (Delaware Alliance for Nonprofit Advancement).
DELAWARE'S ECONOMIC RECOVERY
Delaware needs healthy communities before we can have a healthy economy again. At the same time, Governor Carney believes it is important to look forward. This fight is far from over. But in order to restart Delaware's economy, we need to begin planning for the new normal. For latest information on the plan for Delaware's recovery, click here.
Read the FAQ for the 15th Modification to State of Emergency.
A directory of various relief and assistance resources.
It's understandable for small business owners to feel overwhelmed during this time. Resources are available to assist you with mental health challenges, food insecurity and housing as well as other urgent needs.
Please reach out for help: delaware211.org