Covid-19 Resources

NEW Grants Available Through CARES Act

On Monday, October 26th Governor DeWine announced a CARES Act package for the state of Ohio that includes provisions for new grants for Ohio small business owners. There is also an additional program for individuals who are behind on rent, mortgage payments and/or some utilities. These funds are expected to be exhausted quickly and applications will be accepted on a first-come, first-serve basis. The application process for each program begins on Monday, November 2, 2020.

Small Business Relief Grant (https://businesshelp.ohio.gov/pdf/10292020-Small-business-relief-grant.pdf)
• $10,000 grants available to businesses with no more than 25 employees
• Have been in continuous operation since January 1, 2020 (except for interruptions required by COVID-19 public health orders)
• Have a physical location in Ohio and earn 90% of revenue in Ohio

Bar and Restaurant Assistance Fund (https://businesshelp.ohio.gov/pdf/10292020-bar-and-restaurant-assistance-fund.pdf)
• $2,500 grants available to qualified liquor permit holders
• Available to permit holders that have not been able to utilize their liquor permit due to the COVID-19 pandemic

Home Relief Grant (https://businesshelp.ohio.gov/pdf/10232020-home-relief-grant.pdf)
• Available for individuals behind on rent, mortgage, water/sewer utility bills
• Amounts available to get caught up on past due amounts from April 1, 2020 to present

For more information and to apply visit https://businesshelp.ohio.gov/. Please contact us if you have any questions.

Montgomery County CARES Act

Montgomery County has set aside $40 million just for the county’s small businesses to assist them recover losses caused by the COVID-19 pandemic. The Office of CARES Act has created a web-based system to take applications for these grants. Businesses will have until Nov. 30, 2020 to apply, or until CARES Act funds are depleted.

Additional information and Application
https://mcobiz.com/cares-grants/cares-grant-application-small-business/

Greene County Small Business CARES Grant

The Greene County Department of Development is distributing financial assistance in the form of a grant to aid small businesses in Greene County with relief from the COVID-19 crisis. Eligible for-profit small businesses that have not already received federal, state, or local assistance, other than PPP funds, can apply for up to $10,000 to use towards the reimbursement of costs related to COVID-19, such as: personal protection equipment, sanitizing products, rent/mortgage, non-municipal utilities, and business insurance.

Additional info and Application
https://www.co.greene.oh.us/1688/CARES-Grant-for-Greene-County-Small-Busi

City of Springboro COVID-19 Business Grant Program

The City has created an Employer Grant Program to help absorb costs associated with the hiring of new employees-for the expansion of business needs due to new COVID demands-and/or the rehiring of former employees whose jobs were cut because of the pandemic. The maximum amount to request is $20,000 and this program is for just for the businesses within the City of Springboro.

Additional information and Application
https://www.cityofspringboro.com/456/COVID-19-Business-Grant-Program

Warren County CARES Act Grant Program

The Warren County Board of Commissioners plan to use $1,095,000 of the CARES Act program to fund a new grant program focusing on three classifications:
• Small Business
• Non Profits
• Childcare

$350,000 are assigned to each classification. These funds are to be dispersed via small grants that can only be used according to established guidelines put forward by the Treasury and the programs grant agreement.

Additional information and Application
https://www.co.warren.oh.us/CovidUpdates/CARESActGrantProgram/Default.aspx

NEWS ALERT/UPDATE

We at Buckingham Business Advisors understand that the threat of COVID-19 is affecting many of our small business and individual clients. Though we have had to take many precautions within our company, we are not suspending or closing operations and are committed to continuing to service our clients. We are currently scheduling in-office meetings or we can communicate via phone, video, or email.

We are here to help answer questions you have that may be related to how we can securely and safely share information with each other, taxes owed with your 2019 tax returns, 2020 1st Quarter estimated taxes, how to seek SBA assistance with either deferring payments on an existing loan or considering a new loan, and how to address unemployment benefit options for yourself or your employees. We have pulled together the following resources to help aid our clients during this time:

IRS Tax Relief
https://www.irs.gov/coronavirus

SBA – Small Business Guidance & Loan Resources
https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19

SBA – Disaster Loan Assistance – 3-Step Loan Process
https://disasterloan.sba.gov/ela/

CDC Guidance for Business/Employers
https://www.cdc.gov/coronavirus/2019-ncov/community/guidance-business-response.html

Expanded Unemployment Benefit Access
http://jfs.ohio.gov/ouio/CoronavirusAndUI.stm

U.S. Chamber Guidance for Employers to plan and respond
https://www.uschamber.com/sites/default/files/guidance_for_employers_to_plan_and_respond_to_coronavirus.pdf

State of the virus in Ohio
https://coronavirus.ohio.gov/wps/portal/gov/covid-19/home

IRS Filing and Payment Deadlines Questions and Answers
https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers

Families First Coronavirus Response Act
https://sbshrs.adpinfo.com/covid19-stimulus-package