Coronavirus Information

Economic Relief

Resources Available to REALTORS®

Realtors, Unemployment and Applying for Benefits: Don’t apply yet – it’s too soon. Fla. will administer the program but has not yet created the “Pandemic Unemployment Assistance” process – and current online applications don’t work for this unique program. Follow Florida Realtors News for updates.

SBA Loan Guidance and Application

www.sba.gov

Paycheck Protection Program

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Under this program:

Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.

Loan payments will be deferred for six months. If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.

Click here to learn more.

Economic Injury Disaster Loans and Loan Advance

To apply for a COVID-19 Economic Injury Disaster Loan, click here. In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.

Government Stimulus Checks: When, How and How Much?

Americans who earn less than $75K per year (adjusted gross income, $150K for couples) will get $1,200 in three weeks or so if they filed income taxes electronically... Read more at cnet.com.

Lee County residents seeking general information about COVID-19 and its related impacts on the community can call the United Way 211 Helpline by dialing 2-1-1 or 239-433-3900 between the hours of 8AM – 6PM.

United Way of Lee County has trained volunteers who can provide information related to cancelations, closings and status updates for schools, government offices, day camps/ day cares, and events. They also can provide information on safety precautions, social distancing, and self-isolation.

The 211 line does not replace the Florida Department of Health’s COVID-19 hotline. If you think you or someone in your family might have COVID-19 and are exhibiting respiratory illness symptoms, you should call a healthcare provider. Your healthcare provider will work with the Florida Department of Health to determine whether testing is needed. For updates on the state’s response to the coronavirus, visit www.FloridaHealth.gov/COVID-19.

For quick links to COVID-19 resources visit www.UnitedWayLee.org. For local government information, visit www.leegov.com/covid-19. In addition to the Department of Health website, additional information is also available from the Centers for Disease Control at www.coronavirus.gov.

IMPORTANT: Open Houses MUST Adhere to CDC Guidelines. Click for more info from NAR.

Serving Sanibel Island and Captiva Island, Florida

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