Coronavirus Crisis Hub

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Need help or advice filing for S.B.A. Loans, the Paycheck Protection Program, or Unemployment Insurance?

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Program Details

S.B.A. Disaster Loans

Who can apply?

SBA’s Economic Injury Disaster Loans (or working capital loans) are available to small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations.


This includes:

  1. Businesses directly affected by the disaster.
  2. Businesses that offer services directly related to the businesses in the declaration.
  3. Other businesses indirectly related to industries that are likely to be harmed by losses in their community.

Needed Documentation:

We can help with several of these forms.
  1. SBA Form 5 (Business Loan Application)
  2. IRS Form 4506-T (IRS Release)
  3. Most recent Federal income tax returns
  4. SBA Form 413 (Personal Financial Statement)
  5. Schedule of Liabilities (may use SBA Form 2202)
  6. Additional documentation may be requested

Terms and Rates:

  1. Eligible entities may qualify for loans up to $2 million.
  2. The interest rates are 3.75 percent for small businesses and 2.75 percent for nonprofit organizations with terms up to 30 years.
  3. Eligibility for these working capital loans are based on the size (must be a small business) and type of business and its financial resources.

Paycheck Protection Program

Who can apply?

The following entities affected by Coronavirus (COVID-19) may be eligible:

This includes:

  1. Any small business that meets SBA’s size standards.
  2. Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the S.B.A. industry size standard if more than 500.
  3. Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location. (Search Here)
  4. Sole proprietors, independent contractors, and self-employed persons.

Loan Details and Forgiveness:

The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll).

Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.  Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. This loan has a maturity of 2 years and an interest rate of 1%. If you wish to begin preparing your application, you can download a copy of the PPP borrower application form to see the information that will be requested from you when you apply with a lender.

    Where to Apply?

    Contact your bank for the PPP application.

      More Details from SBA.GOV

      Tennessee Unemployment Insurance

      Who can apply?

      Any person from any sector or job type (Full time/Part Time W-2 Sole proprietors, independent contractors, and self-employed persons) can apply for unemployment insurance if you have lost your job due to the coronavirus pandemic.

        What do I need to apply?

        Before applying for unemployment insurance in Tennessee, collect these details.

        Needed Items:

        1. Social Security Number, Driver’s License Number, Address, Telephone Number, Valid email address, Bank Account Account and Routing Numbers (If you want direct deposit).
        2. Last 18 months of Employment, Last Day Worked, Reason for Separation  (e.g., quit, fired, lack of work, laid off or job eliminated, etc.).
        3. Details about your last employer: Name, Address, Telephone Number.

        Additional Information:


        Things to keep in mind:

        1. You will receive a "Monetary Determination" letter after you apply. This letter will contain your benefits amount before the additional $600 is added. Even if your determination is $0, you will still receive the $600 per week.
        2. FILE YOUR WEEKLY CERTIFICATION! It can be done from the JOBS4TN website, or from their mobile app. (iOS App) (Android App)
        3. It could take up to three weeks to start receiving your payments.
        Apply Here

        $1200+ One-time Payments
        (Economic Impact Payments)

        Who gets the payment?


        You'll get the full payment of $1200 if your gross earnings are lower than outlined below:

        1. $75,000 for individual filers.
        2. $112,500 for head of household filers.
        3. $150,000 for married couples filing joint returns (where you'll get $2400 total for your household).


        Other details:

        1. You'll get an additional $500 for each of your dependants 16 years or younger.
        2. Your check will be reduced by $50 for every $1000 you make over the threshold.
        3. If you got a tax refund in 18' or 19' via direct deposit, sit tight, it should be depoited shortly. (Update your account info here)
        4. If you did not file taxes because you made less than $12,200 in 19', get on the payment list here.

        Sign up for 1-on-1 Assistance

        Need help or advice filing for S.B.A. Loans, the Paycheck Protection Program, or Unemployment Insurance?

        SCHEDULE A TIME HERE