Something Powerful

Tell The Reader More

The headline and subheader tells us what you're offering, and the form header closes the deal. Over here you can explain why your offer is so great it's worth filling out a form for.


  • Bullets are great
  • For spelling out benefits and
  • Turning visitors into leads.

Your Business Owner's Guide to Surviving COVID-19

By Kisha Velazquez 

Updated on April 2, 2021 • 4 min read

PPP Second Draw & Tax Provisions


This page is your one-stop business resource guide to conquering COVID-19. We hear your concerns on how to continue to serve your customers, protect your staff, and regain revenue amid disruptions in the supply chain, city-wide shutdowns, and changes in consumer behavior. In response, we created this living outline of links from reputable sources on how to secure relief funds, virtually run your business, and stay positive during the global pandemic. We're grateful for the opportunity to support your business as we overcome these challenging times together. Feel free to share additional resources you find in the form at the end, and we'll update the page.



💰 Financial Relief Options

On December 28, 2020, the president signed the second stimulus bill into law. It's important to note new tax provisions. Updates include extending the employee retention credit and allowing the deduction of business expenses paid with forgiven PPP funding. With the new round of PPP, businesses with less than 300 workers and have lost 25% of revenue year on year may be eligible for more funding.

[Update Dec 30, 2020]


Paycheck Protection Program (PPP) Loan

CTA Get PPP Forgiveness Calculator

(Back to Table of Contents)



Federal Loans

  • Federal Reserve unprecedented $500 billion Main Street Business Lending Program

    Here is what you need to know about the Main Street Lending Program:

    1. The loans are not forgivable.
    2. The loan term is 4 years.
    3. They are variable interest rate loans. The current rate is between 2.5% - 4%.
    4. The principle and interest on the loan can be deferred for 1 year.


    5 Things that make the Main Street Lending Program Difficult for Small Businesses to Access:

    1. The minimum loan you can ask for is $1,000,000. Yes, we said minimum.
    2. The funds may not be used to pay off other debts on the company's books.
    3. You must have a minimum EBITDA of $250,000 to qualify for these loans.
    4. You must attest that you will make reasonable efforts to maintain payroll and retain employees over the loan period.
    5. You cannot cancel or reduce any existing Line of Credit accounts either.



What is the Employee Retention Credit under the CARES Act?

Any employer, regardless of size, is eligible for the credit during the calendar year 2020 if the business:

    1. Is fully or partially suspended due to a governmental order related to COVID-19, or
    2. Experiences a significant decline in gross receipts (i.e., a reduction of 50 percent of gross receipts from the same quarter in 2019).

The credit also applies to tax-exempt organizations if the operation of the organization is fully or partially suspended due to the circumstances described in (1) above. 

If you do qualify for this credit and you did not take the PPP loan, you can receive a payroll credit of up to $5,000 per employee. You must prove that your business has been adversely affected to qualify for this credit.



State Loans & Grants


Bank Emergency Loans & Fee Forgiveness


Grants & Relief Funds from Private Corporations

📈 Financial Strategies

During the COVID-19 outbreak, your business will likely face some unique financial challenges. Below, you'll find a list of tools to help you cut costs, forecast cash, and make the most of the situation. Having an unclouded outlook on your finances during this crisis will be vital to helping you make the best decisions possible.


Cutting Business Costs During COVID-19


🤝 Management Strategies

IS_Reopen Your Business Covid19 SM-1

The CDC and Chamber of Commerce offer companies guidance on preventing workplace exposure. Consider how interactions with your customers, team, and community will be affected. Below are work-from-home tools and tips to keep communication open.

Our Favorite Cloud Tools at Ignite Spot!


CDC Business Sector Call for COVID-19

😄 Mental Health Strategies to Stay Positive

Staying positive while facing uncertainty is crucial during a crisis. You have the influence to set the tone of calm and direction for your team and customers. Start by investing time in your physical and mental health so you have the energy and clarity to conquer any problem thrown your way, including a global pandemic.

Focus on the Positive

Practice Exercise and Mindfulness at Home


Headspace Meditaion Playlist

Do You Know of More Tools & Resources?

What tools or resources do you find useful for keeping your business resilient amid COVID-19? Please submit your link, and we'll update the page.

Submit Resources Here