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At Noritz we value the small business as equally as our larger partners. In fact, our installer network is primarily made up of many small businesses so we understand the importance of helping small businesses. We’ve done some research to help get you started and below are some links for us to recommend to our contractor base.
A small business is considered to be 500 or less employees.
SBA is the Small Business Administration. This is the agency that provides support to entrepreneurs and small businesses.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
This is the overall link explaining fund availability called the CARES Act.
This is the Paycheck Protection program which is designed to provide a direct incentive for small business
to keep workers on their payroll. This loan program began on Friday, April 3rd.
This is the Economic Injury Disaster Loan which allows for up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans
This is the Express Bridge Loan Pilot Program. This allows small businesses to access up to $25,000 instantly if they have a relationship with an SBA Express Lender
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief
The SBA will automatically pay the principal, interest and fees of current 7(a), 504 and microloans for a period of 6 months.
If you do find additional resources or links feel free to send them to us so we can help out our community. marketing (at) noritz.com
Best wishes from your friends at Noritz.