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U.S. DEPARTMENT oF THE TREASURY <br /> Assistance to Small Businesses <br /> Small businesses have faced widespread challenges due to the pandemic, including periods of <br /> shutdown, dec|�nesinrevenue, or increased co�s. The�na| rule provides many tools for recipients to <br /> respond to the impacts of the pandemic on small businesses, or disproportionate impacts on businesses <br /> where pre-existing disparities like lack of access to capital compounded the pandemic's effects. <br /> Small businesses eligible for assistance are those that experienced negative economic impacts or <br /> disproportionate impacts of the pandemic and meet the definition of"small business," specifically: <br /> 1. Have no more than 500 employees, or if applicable,the size standard in number of employees <br /> established by the Administrator of the Small Business Administration for the industry in which <br /> the business concern or organization operates, and <br /> 2. Are a small business concern as defined in section 3of the Small Business Act'(which includes, <br /> among other requirements,that the business is independently owned and operated and is not <br /> dominant in its field ofopenation). <br /> Impacted Small Businesses ' <br /> Recipients can identify small businesses impacted by the pandemic, and measures to respond, in many <br /> ways;for example, recipients could cons/der: <br /> ./ Decreased revenue or gross receipts v/ Capacity to weather financial hardship <br /> v' Financial insecurity =/ Challenges covering payroll, rent or <br /> Increased costs mortgage, and other operating costs <br /> Assistance to small businesses that experienced negative economic impacts includes the following <br /> enumerated uses: <br /> ./ Loans or grants to mitigate financial ./ Technical assistance, counseling, orother <br /> hardship,such asbv supporting payroll services to support business planning <br /> and benefits, costs to retain employees, <br /> and mortgage, rent,, utility, and other <br /> operating costs <br /> Disproportion ote/yImpacted Small Businesses <br /> Treasury presumes that the following small businesses are disproportionately impacted by the <br /> pandemic: <br /> 815 U.S.C.ssz. <br /> [omnovirusState&Local Fiscal Recovery Funds:Overview 4ƒthe Final Rule <br />