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 did not suspend or close 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, how to seek SBA assistance with either deferring payments on an existing loan or considering a new loan, taxes, 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.
Investing in Ohio's Future
The State of Ohio has announced that $155 million in additional funding is available for businesses that experienced losses due to the pandemic. Ohio began accepting applications on June 29, 2021. These will be awarded on a first-come, first-serve basis. The Investing in Ohio's Future program allows eligible businesses to apply for one of the following four grant opportunities:
Food and Beverage Establishment Grant
Provides up to $30,000 to Restaurants, Bars, Coffee Shops, as well as other food and drinking businesses.
Entertainment Venue Grant
Provides up to $30,000 to Theaters, Music Venues, Spectator Sports Venues, Museums, and other entertainment establishments.
Provides up to $30,000 to Hotels, Motels, and Bed & Breakfast operations.
New Small Business Grant
Provides up to $10,000 to Small Businesses that were established between January 1, 2020 and December 31, 2020.
To apply for one of these grant opportunities please visit https://businesshelp.ohio.gov/ or reach out to one of our team members.
IRS Tax Relief
SBA – Small Business Guidance & Loan Resources
(PPP Loans, EIDL Loans, SBA Debt Relief, and Shuttered Venue Operators Grant)
CDC Guidance for Business/Employers
Coronavirus and Unemployment Insurance Resource Hub
State of the Virus in Ohio
Families First Coronavirus Response Act
CARES Act Package for Ohio
On October 26, 2020, Governor DeWine announced a CARES Act package for the state of Ohio that included provisions for new grants for Ohio small business owners. There were also additional programs for individuals who we behind on rent, mortgage payments and/or some utilities. The applications for those funds were accepted on a first-come, first-serve basis and began on Monday, November 2, 2020. Please see below for additional information:
Small Business Relief Grant
The application period has closed. If you have already applied and would like to check the status of your application, please click the link provided.
Home Relief Grant
Available for individuals behind on rent, mortgage, water/sewer and utility bills dating back to March 13, 2020. Assistance is available through December 31, 2021.
Montgomery County CARES Act
Montgomery County has set aside $40 million for the county’s small businesses to assist them recover losses caused by the COVID-19 pandemic. The application period has closed. If you have already applied and would like to check the status of your application, please click the link provided.