One Southern Indiana wants to connect you with the business resources and information you need during the COVID-19 pandemic.
Public Service Announcement for
Baptist Health Floyd Community from Chief Medical Officer at
Baptist Health Floyd in New Albany, Indiana
President Trump Signs the Coronavirus Aid, Relief and Economic Security Act (Phase III)
This is a stimulus bill designed to provide emergency economic support during the outbreak. Many of the programs for small businesses will run through qualified lenders to expedite the assistance. Please check this website often for additional details as they come along.
SBA Express Disaster Bridge Loans are now available
For a list of SBA lenders in Southern Indiana, visit 1si Collaborates – Funding Options page here.
The SBA Express Bridge Loan (EBL) program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
- Up to $25,000
- Fast turnaround
- Will be repaid in full or in part by proceeds from the EIDL loan
- For more information, contact your current lending institution.
COVID-19: Guidance for Small Businesses
- For no-cost, one-on-one virtual or telephone business advice regarding COVID-19 and other matters find an SBA Resource Partners near you at www.SBA.gov/local-assistance
- For detailed information on SBA programs for the Coronavirus, visit www.sba.gov/coronavirus
Other Resources–online and by phone
- IN.gov has excellent state-specific guidance and resources listed under several agencies including Indiana’s Department of Health, Department of Workforce Development, and Department of Homeland Security.
- The U.S. Department of Labor has resources to help workers and employers prepare for the COVID-19 virus, including use of Family Medical Leave
- The Indy Chamber has created an online Rapid Response Hub featuring a great FAQ section with up to date info on resources for employers and employees from private and non-profit organizations.