RALEIGH COUNTY, W.Va. (WVVA) - Small businesses on the brink of collapse may soon get some relief.
Leaders in Raleigh County are working to help West Virginians take advantage of The CARES Act recently passed in Congress.
The two trillion dollar bill has several lifelines for small businesses, including a payroll protection loan that can be accessed on the Small Business Administration's (SBA) portal.
"That loans allows people to keep people employed. It will help cover payroll expenses, rent expenses, and other expenses as long as you're keeping people employed for a certain period of time," explained Joe Brouse, Exec. Dir. of the New River Gorge Regional Dev. Auth. (NRGRDA)
Another helpful tool is the Emergency Disaster Loan, which can help owners who qualify get cash quick.
A small business owner herself, Beckley-Raleigh County Chamber of Commerce Pres. Michelle Rotellini has spent hours digging through the plan.
"If you're in that situation where you are cash poor and having difficulty operating, you can visit the SBA and apply for the EIDL loan."
Rotellini said the chamber is joining forces with the NRGRDA on April 8th to host a Tele-Town Hall at 10:30 a.m. She said there will be experts on hand to help not only guide people through the process of applying for these loans, but answering any questions they may have.
"Some of the information that I've seen come out of these loan packages has been really helpful to me. And I know if I feel that way about my business, I have a lot of confidence for other businesses as well."
Rotellini said details of the tele-town hall will be pushed out through social media soon. Any small business owners with questions beforehand may email them to email@example.com
Brouse said the NRGRDA is also helping small business owners with questions through wvhive.com and checking the agency's voicemail regularly.
- To visit Workforce West Virginia's COVID-19 Unemployment website, click here.
- To file for unemployment benefits, click here.
- Access the U.S. Small Business Administration’s (SBA) Paycheck Protection Program website here and download the sample loan application form here.
- Download the U.S. Treasury Department’s Paycheck Protection Program information sheet for borrowers here.
- Download the U.S. Treasury Department’s Paycheck Protection Program information sheet for lenders here
Stay with WVVA for updates.