Concord Together Fund
COVID-19 has drastically impacted hundreds of Concord businesses, who shuttered their storefronts under national and statewide orders to help slow the spread of the virus. The Concord-Carlisle Community Chest announces the availability of grant funds to local businesses. Applications will be accepted on a rolling basis. Visit www.cccommunitychest.org for more information or click here to apply.
Daniel Rodriguez Algarin is willing and available to assist businesses find creative and useful solutions to the problems and challenges they’re encountering due to COVID-19:
– Getting clarity about the new direction the owners (or their business) need to take and figuring out the next steps to go back to prosperity.
– Feeling more at ease during these uncertain times, instead of letting worry and fear to guide their actions and decisions.
– Exploring all the new possibilities for their business brought by this unprecedented situation.
He can be reached via phone/text (978 505 5881).
In late March of 2020, a handful of Concord property and business owners, with support from the leadership of the Concord Chamber of Commerce, began meeting to explore ways of helping the local business survive the Covid-19 pandemic. The group meets weekly and is helping coordinate support and solutions. We appreciate your interest and look forward to your involvement! Click here
TOWN, STATE, AND FEDERAL COVID-19 INFORMATION
Federal Reserve Main Streets Lending Program
The Main Street Lending Program is designed to help credit flow to small- and medium-sized businesses that were in sound financial condition prior to the COVID-19 pandemic.
Interested businesses will work with an eligible lender to determine if they meet the program requirements, which are available online, as well as the lender’s own underwriting standards. The lender will determine whether a business is approved for a loan. The Fed will participate in the lending by purchasing a 95% interest in the loan. The lender retains 5% of the loan.
Business borrowers can view a state-by-state listing of lenders participating in the Main Street Lending Program who are currently accepting applications from new customers by viewing the interactive map.
The loans range in size from $250,000 to $300 million – a wide range that may support a broad set of employers.
SBA EIDL Loans Availability
The U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal is still open.
SBA PPP Forgiveness Application Released: Click here.
Final MA Reopening Plan: – Click here
Reopening Massachusetts – posters, certifications, and control plan documents:
Retail Checklist Phase 2Town of Concord Face Coverings Order: The Concord Board of Health adopted an order on face coverings that incorporates the Governor’s order and further clarifies its application in town.
Massachusetts Department of Unemployment Insurance, which has posted answers to questions employers and employees have been asking about returning to work as they look ahead to reopening.
IRS: has released guidelines saying that otherwise deductible business expenses are not deductible if you use forgivable PPP dollars to pay for them.
Reopening the State – Information from Governor’s Task Force