Champaign County Business Impact Survey Results and Resources for Recovery

#WeAreAllinThisTogether
Thank you to all our local businesses for completing our Business Impact Survey.  This information (Business Impact Survey Results) will be used to begin gathering the various resources that you will need to reopen and recover.  We certainly appreciate all of our businesses and what you bring to our community.  We will do whatever we can to assist you now and into the future.

It is recommended you contact your local banks/financial institutions first for potential loan assistance.  (Click here for a complete list of area SBA lenders.) They have been able to approve some applications and have others that are pending approval. 

There are a variety of programs that you may qualify for to get you back to recovery.  (These are also listed on this COVID-19 Relief PowerPoint presentation.) And explained further on this Dayton Development Coalition SBA webinar link: https://dialpad.com/shared/call/WfzXD4cBYdVcrHDjNCqP92qw47MfUNMPpzO6v7r4w2Mf

1. PPP Payroll Protection Plan deadline to file is 6/30/2020.  This loan could be completely forgiven if the requirements are met as stated on the loan application
2. EIDL Economic Injury Disaster Loan this could be a $10K loan advance due to the coronavirus  
3. Debt Relief Program if you have a current SBA 7(a) loan or will have one by Sept. 27, 2020.  The SBA will pay principal and interest for 6 months to help you as you recover
4. Express Bridge Loan Program up to $25K. This loan would be a gap funding type loan and once you receive the EIDL loan you pay the Express loan back using the EIDL funds.

Remember, another local source of information and assistance in completing these applications is the Springfield SBA which serves Champaign County:  www.springfieldsbdc.com

On April 7th, Governor DeWine announced the creation of the Office of Small Business Relief to identify ways to provide support to Ohio's small businesses. This office will be housed within the Ohio Development Services Agency. 
 
The Office of Small Business Relief (OSBR) is focused on identifying and providing direct support to the state's nearly 950,000 small businesses to help during the current public health crisis and to position them for a span rebound.  
https://businesshelp.ohio.gov
 
Additional tips for businesses from our local lending institutions:

• Make certain your loan application is completed and accurate
• Make certain you have the documentation that is required for the application
• Check with your accountant for the various records that you will need when applying