The City of Isle of Palms is is committed to partnering with our business community to navigate the outbreak of COVID-19. The City has compiled a partial list of resources available to support economic retention and recovery related to the novel outbreak.
Coronavirus Aid, Relief, and Economic Security (CARES) Act
The United States Senate Committee on Small Business and Entrepreneurship has created a page linked here containing information regarding how to navigate the Coronavirus Aid, Relief, and Economic Security Act or CARES Act. This act provides the following to small businesses.
- A Paycheck Protection Program
- Small Business Administration (SBA) Economic Injury Disaster loans
- Emergency Grants
- Small Business Debt Relief
Not all businesses will qualify for all programs but most will have some form of assistance available. Information about the CARES Act can also be found at the United States Department of the Treasury website here.
US Small Business Administration (SBA)
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Eligible small businesses and nonprofits may apply online here.
The turn around time between submitting your application and cash in hand is about 30 days, so business owners are encouraged to apply as soon as possible. There is no cost to apply. More information and instructions on how to apply are available here.
Lowcountry Local First
Lowcountry Local First is a 501(c)3 nonprofit cultivating an economy anchored in local ownership, because local-independent businesses are the cornerstone of our culture, economy, and character. They educate the general public on why it’s important to choose local and influence them to do so. Lowcountry Local First works with local elected officials, decision-makers and opinion leaders to foster a better environment for creating and sustaining local businesses. They also deliver resources, programming, networking, mentorship and more to local businesses of all shapes and sizes.
Google for Small Business
Resources to help your small business manage through uncertainty.
Grants and ad credits through their Small Business Grants Program.
Main Street America
Resources, opportunities, and community response examples to help Main Street districts during this crisis.
US Centers for Disease Control and Prevention (CDC)
The Centers for Disease Control and Prevention offers guidelines for businesses and employers to plan and respond to COVID-19.
SC Department of Employment and Workforce
Resources and information for employees who may be furloughed or unemployed as a result of the COVID-19 outbreak.
Coronavirus and Unemployment Frequently Asked Questions
SC Chamber of Commerce
Federal, state, and local resources available to businesses in South Carolina.
SC Department of Health and Environmental Control
If you have questions about how to best prepare for COVID-19 or any steps you should be taking at the moment, please call SCDHEC's help line at 1-855-472-3432.
Should you have any questions or need additional assistance, please contact Ron Hanna, Assistant City Administrator, at email@example.com or (843) 886-6428.