Here in Bristol we appreciate the essential contributions small businesses make to Bristol’s economy. This page has been established to provide Bristol businesses and nonprofit organizations with resources and information regarding the Coronavirus (COVID-19). We will continue to add relevant information as it becomes available.
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:
Lenders may begin processing loan applications as soon as April 3, 2020. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Click here for more details about the Paycheck Protection Program.
Small Business Owner’s Guide to the CARES ACT
The United States Congress approved the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide the country with relief from the impact of COVID-19. For a guide about how the act will impact small businesses, click here.
Connecticut Recovery Bridge Loan Program – IMPORTANT UPDATE!
Due to an overwhelming number of business applications, the Connecticut Department of Economic and Community Development (DECD) will temporarily stop accepting applications for the Connecticut Recovery Bridge Loan Program at 6:00 pm Friday, March 27. DECD plans to double the funding for the program – up to $50 million – and will continue to add staff to prepare for re-opening the opportunity in the near future.
Businesses are encouraged to apply for SBA Disaster Assistance loans, found here and should stay tuned for more details about the forthcoming Federal Stimulus package, you can visit the U.S. Senate Committee on Small Business & Entrepreneur website to stay up to date on the latest information.
DECD’s COVID-19 Business Emergency Response Unit
The Connecticut Department of Economic and Community Development has created a COVID-19 Business Emergency Response Unit dedicated to assisting businesses navigate resources and develop new resources. A dedicated phone line is has been set up at 860-500-2333 to provide assistance to Connecticut’s small businesses and nonprofit organizations for this purpose. Or you may email: firstname.lastname@example.org
Businesses and nonprofit organizations experiencing hardship as a result of COVID-19 can now apply for Small Business Administration (SBA) low-interest loans for working capital of up to $2 million. Visit the SBA website to apply and for additional disaster assistance information. For help with applying call the SBA Customer Service Center at (800) 659-2955, you may email email@example.com or call the CT DECD Business Hotline at 860-500-2333. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. Completed applications mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155
Employers who are furloughing workers can use the Department of Labor’s shared work program, which allows businesses to reduce working hours and have those wages supplemented with unemployment insurance. DOL has more information about these and other changes, click here to view the frequently asked questions.
The Department of Revenue Services has extended deadlines for filing and payments associated with certain state business tax returns. Details are on Department of Revenue Service’s website.
Main Street Community Foundation (MSCF) has established the COVID-19 Response Fund to help mobilize the necessary resources to support the current emerging needs. With this Fund, MSCF hopes to rapidly deploy flexible resources to help in areas affected by the coronavirus outbreak. This fund is designed to give added support to those community organizations meeting the basic needs of local residents in Bristol, Burlington, Plainville, Plymouth, Southington, and Wolcott.
Help Those Right Here in Your Community – DONATE NOW!
MSCF encourages individual donors, companies, and other funders to contribute to the COVID-19 Response Fund. MSCF will work in partnership with town governments and other funders to ensure the Fund has maximum reach and effectiveness. To help your community during this crisis, please consider donating to the COVID-19 Response Fund here.
Visit the For Our Community Page to see additional community response funds that have been established.
Click here for information about the Coronavirus from the City of Bristol.
Click here for the latest updates from the Central Connecticut Chambers of Commerce
In response to the health emergency facing our communities, several free webinars will be offered starting this Wednesday, April 1 (and running on April 8, 15, 22 and 29) to help nonprofit organizations through this difficult time. Sharon Danosky from Danosky and Associates will be facilitating the sessions.
The webinars will begin at 8:00am and will last 45 minutes. They are open to an unlimited number of participants via Zoom.
Topics and descriptions are as follows:
4/1: Business Continuity Plan – Manage Now; Re-emerge Later
4/8: When and How to Raise Funds During a Crisis and After
4/15: What Board Members Can and Should Do During a Crisis
4/22: Communications – Your Life Line to the Community
4/29: Scenario Planning – Financial Planning in Uncertain Times
Organizations should register in advance for these webinars through this link. Once registered, the link for the webinar will be sent out directly to you by Danosky and Associates.
Bank of America
Solutions, support, and advice you need to manage your personal finances and to navigate the volatility of the market. LEARN MORE
Offering fianancial hardship relief for both its personal and business customers. LEARN MORE
People’s United Bank
Banking support for customers and the community. LEARN MORE
Assistance for Retail and Business Banking customers is available. LEARN MORE
Support for those that have been affected by COVID-19. LEARN MORE
Thomaston Savings Bank
If you are currently experiencing, or expect to experience, financial hardship as a result of COVID-19, Thomaston Savings is stand ready to support the people and businesses in our community throughout the duration of this event. LEARN MORE
Support for consumers and businesses facing financial hardship due to the economic impact of COVID-19, as well as additional funding for local community organizations. LEARN MORE
If you are a small business and would like to inform the community of your plans about your business (i.e. closure, reduced hours, or special accommodations you may be making to continue doing business) fill out the form below and we will add it to the Community page and will make sure we keep it up date as things change.