Click here to inquire about resources and assistance for your small business.
Individuals typically not covered by unemployment insurance, including self-employed, independent contractors, freelance workers, substitute teachers, childcare workers employed by religious affiliated organizations and nonprofits can now file for unemployment. Those who left their job for “good cause” because of reasonable risk of exposure (self-quarantine) or due to caring for a family member affected by the virus are also eligible.
In order to efficiently process unemployment claims, Kentuckians filing for unemployment benefits should follow a schedule designating what day they can file their claim. The schedule, which is based the first initial in their last name, as can be found HERE. Individuals filing for unemployment benefits should also visit www.kcc.ky.gov/Pages/default.aspx.
Local banks and credit unions response
Bank on Louisville has gathered information about how local banks and credit unions are supporting customers impacted by the COVID-19 crisis. Please contact your financial institution to learn more about these relief efforts and discuss your individual eligibility. You will need to contact your bank or credit union to participate in relief programs as they are not automatic.
To support restaurants and accommodate those who are picking up carry-out orders and gift cards, the parking authority is allowing free parking at meters adjacent to restaurants for up to 15 minutes. Cars must use their flashers.
Due to the overwhelming response in applications for this loan program, the last date that METCO will be accepting applications for this program is Friday, November 20.
The Department of Economic Development is now accepting applications for a new low-interest loan program, the Small Business COVID-19 Relief Loan Program. The $2.8 million loan fund is designed to assist small businesses impacted by COVID-19 and aims to meet businesses’ immediate cash flow needs quickly through a shortened application process and additional meetings of the METCO Board, the oversight body that will approve the loans.
METCO Loan Deferral
The METCO Board voted November 19 to allow existing METCO loan holders to defer payments on their loans for 7 months and to pause interest accrual on those loans. Deferrals must be requested. If you are a METCO loan holder wanting to defer your loan payments, contact Brenda Hyatt here.
These grants are awarded to Black-owned culinary institutions that are pillars in the Greater Louisville community. These grants will also provide critical financial assistance to small, independent, Black-owned restaurants that, due to the COVID-19 national disaster, have an immediate need for funds to pay fixed operating expenses and remain in business.
The CDC also offers resources for business and employers on how to respond to the COVID-19 pandemic in accordance with guidance from health professionals. Visit www.cdc.gov/coronavirus/2019-ncov/community/organizations/businesses-employers.html.
This loan program administered by JFCS’s Navigate Enterprise Center will provide loans up to $3,000 at zero percent interest with a six-month grace period before the first payment is due. Eligible entities are sole proprietors and businesses with fewer than five employees. The owner’s household income must be at 80% AMI or less; the business must have been open at least six months, and the business must be able to demonstrate losses due to the COVID-19 pandemic. Email [email protected] to express an intent to apply and request additional information.
Business Liability Insurance
Check with your insurance carrier about any benefits you may have from disruption due to acts of God.
Small business loans help start and grow our small business community that are the soul our community. Loan programs assist with start-up capital, working capital, capital improvements to commercial and public properties, and helps low- and moderate-income individuals start or grow a business.
Loan programs assist with start-up capital, working capital, capital improvements to commercial and public properties, and helps low- and moderate-income individuals start or grow a business. For more information about the METCO loan program or small business resources, visit www.louisvilleky.gov/smallbusiness.
Through Render Capital, businesses can apply for growth loans of up to $35,000 that provide flexible funding for working capital, website improvements and more. Current borrowers can make interest-only payments for 3 months.
KIVA expanded its 0% loan options. Effective immediately, U.S. applicants for a Kiva loan will have access to the following:
- Expanded eligibility: More businesses in the U.S. will be eligible for a Kiva loan than ever.
- Larger loans: The maximum loan on the Kiva platform will increase from $10,000 to $15,000.
- Grace period: New borrowers may access a grace period of up to 6 months for greater financial flexibility.
If you’re a small business owner who believes you can benefit from a Kiva loan, or you know one in your community, go to www.kiva.org/borrow to apply for a loan.
Find a list of distilleries that are producing and selling hand sanitizer, as well as their contact information.
PPE Purchase Forms
The Kentucky Chamber and Greater Louisville Inc. (GLI) are both selling face masks for less than $1 per mask. GLI also is connecting businesses other forms of PPE, including gloves, face shields and more.
The fund will provide flexible funding resources for rental assistance, childcare assistance, transportation aid, food access, utility assistance, pharmaceutical needs and other support as determined, via $1,000 payments to eligible households. Funds will also be made available to community-based organizations that are being hit hard by the disruptions caused by the COVID-19 pandemic. Click HERE for more information about eligibility and how to apply. Donate HERE.
Team Kentucky Fund
The Region's Workforce Development Board has launched a new jobs board with information about companies that are hiring at www.kentuckianaworks.org/jobs. Although its physical facilities are closed, virtual career services and guidance are still being offered to employees and employers. For more information about services provided, visit www.kentuckianaworks.org/covid19.
Restaurant Worker Relief Fund
The LEE Initiative has restarted its Restaurant Worker Relief Program providing free carry-out, heat-and-serve meals to restaurant workers with pay stubs to prove their employment. Everything is on a first-come, first-serve basis. Learn more at www.leeinitiative.org.
A $10,000 emergency fund specific for COVID-19 affected businesses and employees, and Apron will be distributing $400 grants to eligible applicants.
To be eligible for a grant, a person must:
- Be diagnosed with the COVID-19 virus. You will require a doctor’s letter.
- Be employed in an independent restaurant for at least six months.
- Be able to produce bills to be paid. They do not give money directly to grantees.
Apply at www.aproninc.org/application.