• This page is dedicated to providing businesses with the most up-to-date information and resources regarding COVID-19 and the business community.  Please Contact Dan Bates, President/CEO, via cell # (267) 249-9649 with any questions. Find information from the State of Ohio at: coronavirus.ohio.gov


  • Important Contact information:

    State of Ohio: coronavirus.ohio.gov or 1-833-4-ASK-ODH

    Find your local HEALTH Department 

    SBA programs for the coronavirus, www.sba.gov/coronavirus 

    Federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/espanol (en Español).

    Employers and Job Seekers:
    State of Ohio https://jobsearch.ohio.gov/wps/portal/gov/jobsearch/home
    Butler County - OhioMeans Jobs | Butler County ohiomeansjobs.com/butler

     FEMA with questions/concernsFema-nrcc-nbeoc@fema.dhs.gov

    Department of Justice’s new Civil Rights Reporting Portal civilrights.justice.gov/

  • Explore Hamilton Promotion

    The Greater Hamilton Chamber is promoting all bars, restaurants, retail, gift & specialty shops, service industry businesses and Arts, parks & recreation at www.hamilton-ohio.com/explore-hamilton.  If your business would like to be listed on that page, please complete the Business Promotion Form HERE!


  • SBA Loans & Funding Opportunities​

  • SBA-July-2020.png
  • PPP-July-2020.png
  • EIDL is open again!

    EIDL has reopened to all!  

    If your original application begins with a “2” you need to reapply. Those applications did not transfer to the new system.


  • According to the Wall Street Journal

    Fed, Treasury Disagreements Slowed Start of Main Street Lending Program

    Central bank officials have encouraged riskier loan terms than Treasury

    Disagreements between leaders at the Federal Reserve and Treasury Department in recent months slowed the start of their flagship lending initiative for small and midsize businesses, according to current and former government officials.

    The differences centered on how to craft the loan terms of their $600 billion Main Street Lending Program to help support businesses through the early stages of the coronavirus pandemic.

    Fed officials generally favored easier terms that would increase the risk of the government losing money, while Treasury officials preferred a more conservative approach, people familiar with the process said.

    Treasury, which has put up $75 billion to cover losses, resisted recent changes to relax loan terms.

    The disagreements over relatively narrow design issues reflect broader philosophical differences over what the program is trying to accomplish and how much risk the government should take as a result. The upshot is that the program, announced in March, went through multiple revisions and opened for business this past week. As of Wednesday, it hadn’t purchased any loans.

    Some Fed officials privately have voiced frustration that painstaking negotiations wasted precious weeks in launching the program, according to people familiar with the matter. One of three loan products under the program almost didn’t materialize due to Treasury reservations.

    The nature of the compromises between the Fed and Treasury have only recently come into focus, pulling back the curtain on one of the most important partnerships in global economic policy-making.

    The terms of the program were first announced on April 9 and have been relaxed twice to include more potential borrowers and flexible repayments. The program began operating this month through the Federal Reserve Bank of Boston.

    “Would the program be exactly the way I would have designed it, or exactly the way someone else would have designed it? No, but we all need to work together, and we have worked together quite effectively,” said Boston Fed President Eric Rosengren in an interview.

    “Anytime you have a negotiation, there are going to be compromises that are made,” he said. “I expect that we’ll continue to have to make compromises.”

    Fed and Treasury officials say they have continued to work constructively on the programs. Treasury Secretary Steven Mnuchin, Fed Chairman Jerome Powell and their top lieutenants speak frequently, including during a 5 p.m. conference call every other weekday.

    Mr. Mnuchin said in an interview the back-and-forth was part of an iterative, professional process and didn’t reflect disagreements.

    As the Fed has moved from purchasing supersafe assets like Treasurys to “corporate bonds and loans, you get into even more levels of complexity that required considerable thought between the Treasury and the Fed,” Mr. Mnuchin said.

    Mr. Powell said at a congressional hearing with Mr. Mnuchin on June 30, “The secretary and I have worked very closely on this and we have been very willing to learn from experience.”

    The Fed has taken the lead analyzing, designing and proposing terms for the programs. The Treasury then approves, vetoes or suggests different terms.

    The Main Street program aims to fill a gap in government relief, fitting between the Paycheck Protection Program of forgivable loans for businesses with 500 or fewer employees and a separate Fed program to buy debt issued by large corporations.

    The Treasury last month agreed to extend the term of Main Street loans to five years, from four. Loans will now delay principal payments for two years, instead of just one. The loans don’t require interest payments for the first year.

    Changes that appeared fairly minor for the Fed looked more costly to Treasury officials because of different approaches modeling losses. Fed officials evaluated changes by looking at how much larger the losses might be in a severe downturn. Treasury officials focused on how changes would influence near-term profits or losses under a less pessimistic baseline forecast.

    Treasury officials believe their forgivable small business loans, together with the Fed’s corporate-debt backstops, have kept the banking system running well. As a result, Mr. Mnuchin said, they aren’t concerned that fewer firms may use the Main Street program than anticipated in March and instead see it as a fallback if the economy takes a turn for the worse.

    Fed officials have pushed to reach more borrowers with changes that would generally provide for smaller loans, more refinancing, longer maturities and easier repayment schedules.

    The Fed is using special powers granted by Congress and the Hoover administration during the Great Depression to make loans in times declared to be “unusual and exigent.” Between 1932 and 1936, the Fed lent $1.5 million to 123 businesses, or around $28 million adjusted for inflation. The largest loans included $300,000 for a typewriter manufacturer and $250,000 for a vegetable grower.lphabet Economics:

    Not Apply

    Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that economists are coming up with new shapes to describe the potential recovery. WSJ explains. Illustration: Jacob Reynolds

    Ten years ago, Congress curbed these emergency-lending authorities in response to criticism of how the Fed exercised those powers to address the looming collapse of Bear Stearns Cos. and American International Group Inc. in 2008. Lawmakers required future lending initiatives be jointly undertaken with the Treasury secretary.

    Those changes were a “wise decision,” Mr. Powell said in April remarks, because they ensured that elected officials, not just Fed officials, are accountable for “decisions of this magnitude.”

    The Fed is also joining with the Treasury because the central bank doesn’t believe it can incur capital losses, limiting its ability to lend against all but the safest assets. To turbocharge the latest efforts, Congress in March provided $454 billion to the Treasury to backstop losses in Fed lending programs. Within days, Mr. Mnuchin authorized $195 billion for five different lending programs, including Main Street.

    While the Fed’s separate $750 billion program for large corporations has also seen few debt purchases so far, low takeup isn’t a concern. The announcement alone enabled companies, including those too risky to qualify for Fed support, to issue record amounts of debt in private markets.

    The Main Street program is a different story. It is targeting a diverse, idiosyncratic commercial loan market, which doesn’t benefit from the same announcement effect. A low volume of Main Street lending “is a concern, both politically and also in terms of getting liquidity to the firms that need it,” said former Fed Chairman Ben Bernanke during an online seminar last month.

    The Main Street program offers five-year loans to companies with up to 15,000 employees or less than $5 billion in revenue last year. Officials are preparing to expand the program to nonprofit organizations. Economists at Goldman Sachs estimate 45 million Americans, or almost 40% of all private-sector workers, are employed by a company eligible for the program.

    On paper, the Main Street program should expand banks’ capacity to lend because the Fed will purchase 95% of each loan, leaving the originating lender with just 5% of the asset.

    Some banks have said they aren’t sure whether they will participate due to tepid borrower interest and concerns about legal liability or public scrutiny.

    While the program offers below-market rates to smaller, riskier borrowers, those savings may not offset transaction costs or requirements that Congress placed on borrowers, including limiting payouts to executives and shareholders. As a result, economists at Goldman Sachs said they didn’t anticipate significant use of the program.


    Is the federal government doing enough to support businesses during the pandemic? Why or why not? Join the conversation below.

    Some former government officials familiar with Mr. Mnuchin’s approach said that in designing the latest generation of lending programs, the Treasury was especially influenced by the outcomes of the 2008 interventions. Back then, the Treasury made profits on most of its crisis lending to banks, insurance companies and auto makers, even though officials didn’t expect that to occur at the time.

    These people worry that trying to turn a profit on lending programs during the current crisis would be a mistake because this episode—a cash-flow shock across the entire economy—is so different from a financial crisis.

    In April, Mr. Mnuchin told reporters the Treasury expected to recoup its money on the lending programs, though he later signaled a shift. “There’s a high likelihood that we will incur losses, which we’re fine with,” he said in the interview this past week.

    Some government officials believe the disagreements between the Fed and Treasury could have been avoided if Congress had been more clear that it didn’t expect the $454 billion to be returned to the Treasury.

    Write to Nick Timiraos at nick.timiraos@wsj.com and Kate Davidson at kate.davidson@wsj.com

  • SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

    The U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:

    • Are self-employed and have no employees; OR
    • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
    • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

    Learn more

  • SBA Rolls Out Dedicated Tool for Small Businesses

    Jovita Carranza

    SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP

    Today, U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP).  

    Learn more

  • PPP Flexibility

    Information from Treasury on recently-passed PPP flexibility.  




  • EIDL Loans and Advance Program Reopened

    SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic


    WASHINGTON To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.


    “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and non-profits that are facing economic disruption due to the COVID-19 impact.  With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and non-profits will be able to receive these long-term, low interest loans and emergency grants – reducing the economic impacts for their businesses, employees and communities they support,” said SBA Administrator Jovita Carranza.  “Since EIDL assistance due to the pandemic first became available to small businesses located in every state and territory, SBA has worked to provide the greatest amount of emergency economic relief possible.  To meet the unprecedented need, the SBA has made numerous improvements to the application and loan closing process, including deploying new technology and automated tools.”


    SBA’s EIDL program offers long-term, low interest assistance for a small business or non-profit.  These loans can provide vital economic support to help alleviate temporary loss of revenue.  EIDL assistance can be used to cover payroll and inventory, pay debt or fund other expenses.  Additionally, the EIDL Advance will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid.


    SBA’s COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance

    • The SBA is offering low interest federal disaster loans for working capital to small businesses and non-profit organizations that are suffering substantial economic injury as a result of COVID-19 in all U.S. states, Washington D.C., and territories.
    • These loans may be used to pay debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, and that are not already covered by a Paycheck Protection Program loan.  The interest rate is 3.75% for small businesses.  The interest rate for non-profits is 2.75%.
    • To keep payments affordable for small businesses, SBA offers loans with long repayment terms, up to a maximum of 30 years.  Plus, the first payment is deferred for one year.
    • In addition, small businesses and non-profits may request, as part of their loan application, an EIDL Advance of up to $10,000.  The EIDL Advance is designed to provide emergency economic relief to businesses that are currently experiencing a temporary loss of revenue.  This advance will not have to be repaid, and small businesses may receive an advance even if they are not approved for a loan.
    • SBA’s EIDL and EIDL Advance are just one piece of the expanded focus of the federal government’s coordinated response.
    • The SBA is also assisting small businesses and non-profits with access to the federal forgivable loan program, the Paycheck Protection Program, which is currently accepting applications until June 30, 2020.


    For additional information, please visit the SBA disaster assistance website at SBA.gov/Disaster.



  • More changes for PPP recipients are coming that will make life easier for borrowers and lenders.

    By Patty Tascarella  – Senior Reporter, Pittsburgh Business Times
    Jun 9, 2020, 4:07pm EDT


    If you’re a small business owner flummoxed by the 11-page Paycheck Protection Program loan forgiveness application the SBA released in late May, take a deep breath, hit pause and heave a sigh of relief.

    Yes, folks, on the heels of last week’s passage of the PPP Flexibility Act of 2020, it’s about to get easier.

    “The SBA, in consultation with Treasury, will promptly issue rules and guidance, a modified borrower application form and a modified loan forgiveness application implementing these legislative amendments to the PPP,” Kelly Hunt, district director for SBA’s Western Pennsylvania District, said on Monday.

    Local bankers had looked for details about an easy and quick application for loan forgiveness as part of the legislation, but no dice. However, the new law does cover many of the issues raised by borrowers and lenders alike, giving businesses 24 weeks as opposed to just eight to spend the loan proceeds, plus the ability to deploy more for overhead beyond payroll.

    And with the combination of PPP Flexibility and a simpler forgiveness application Hunt anticipates a swell in loan applications as PPP heads to its finish line. With just three weeks remaining in the program created to get money quickly to small business owners struggling with the impact of Covid-19 through loans that can be forgiven in whole or in part, billions remain in PPP’s coffers.

    “Local lenders are confirming what we thought,” Hunt said. “Businesses were waiting to see how the changes would increase the flexibility of PPP. This legislation addresses the common issues identified by businesses and creates greater flexibility for how and when businesses decide to use the funds. Once information on the PPP Flexibility Act are disseminated and businesses can better understand the improvements made to the program, I believe we will see an uptick in the number of PPP applications.”

    Local loan volume has not been disclosed. The U.S. Small Business Administration, which manages PPP, has not provided numbers beyond the state level for PPP’s first $349 billion round that lasted two weeks or in its $310 billion restart that began April 27.

    Applications have fallen off since mid-May while many small businesses, including some in Pittsburgh, have opted to return the money, due to concerns over an audit by the SBA or because they believed they could not comply by the deadlines which have now been extended.

    Hunt said submissions have “certainly slowed down in western Pennsylvania," but added that she believes the changes are enough to make small businesses take another look at PPP “and will likely encourage a new wave of applications.”

    The main concerns Hunt heard from local small businesses included the ratio of funds needed to be spent on payroll, the time frame they had to rehire employees, and the length of time available to use the funds, all addressed by the legislation.

    Last week, two more local lenders — S&T and First Commonwealth — said they were no longer accept new PPP applications and were focusing on loan forgiveness. But Hunt believes most lenders will continue.

    “The PPP program still has more than $130 billion available,” she said. “ Seeing that approximately 70% of loans issued in PPP Phase Two have been under $50,000, there are still plenty of funds available to assist many more small businesses. However, if a business needs assistance, they can access a list of national, local, and online PPP lenders on the SBA website.”

  • PPP Loan Forgiveness: A Step-By-Step Video Explanation
    The U.S. Chamber released a new video which provides a step-by-step explanation of the Payment Protection Program (PPP) loan forgiveness process.
    In the video, U.S. Chamber executive vice president and chief policy officer Neil Bradley walks you through the essential steps of the loan forgiveness process, including calculations and repayment terms. We hope that the guidance shared in this video serves as a helpful resource for you and your members. Check out the video below.
    PPP Loan Forgiveness: A Step-By-Step Explainer with Q&A


  • Main Street Lending Program

    The Federal Reserve has announced that it is establishing a Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. Attached are the current details. More specifics to follow so, get your information ready for your financial partner so you can apply as soon as the portal opens.


  • Verizon Small Business Recovery Fund

    Information about the Verizon Small Business Recovery Fund: https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/verizon-small-business-recovery-fund/


  • PPP not an option? Main Street Lending Program could be next best bet

    By Sarah Shadburne – Reporter, Louisville Business First

    The Main Street Lending Program is the federal government’s latest installment of relief loans for businesses impacted by the coronavirus outbreak.

    This program seeks to support mid-to-upper-market businesses that may not have qualified for Paycheck Protection Program loans. The new program offers $600 billion of low interest, four-year loans for businesses with up to 10,000 employees or with revenues of $2.5 billion or less for 2019.

    READ MORE....

  • SBA Disaster Relief Loans Clarifications


    Click on link: https://disasterloan.sba.gov/ela/

    $10,000 EIDL Loan advance/grant  https://covid19relief.sba.gov/#/ 



    A new office has been developed within the Ohio Development Services Agency to better coordinate Ohio's efforts to identify and provide support for Ohio’s nearly 950,000 small businesses.

    The Office of Small Business Relief will:

    • Serve as the state’s designated agency for administrating federal recovery funds awarded to Ohio for small business support and recovery;

    • Work with federal, state, and local partners to evaluate and determine possible regulatory reforms that encourage employment and job creation; and

    • Coordinate efforts of Ohio’s Small Business Development Centers and Minority Business Assistance Centers.

    More information on all resources currently available to small businesses is available at coronavirus.ohio.gov/BusinessHelp.

  • Dave_Yost_Header

    March 31, 2020

    Dominic Binkley: 614-728-4127

    Don’t Let Thieves Snatch
    Your COVID-19 Stimulus Money

    (COLUMBUS, Ohio) — Attorney General Dave Yost today urged Ohioans to watch out for thieves as stimulus payments arrive from the federal government.

    “Thieves are drooling at the thought of getting their hands on your stimulus money,” Yost said. “Use these tips to send them home with nothing but the bitter taste of defeat.”

    Under the plan, the federal government will provide stimulus checks under these general guidelines (some exceptions apply):

    • $1,200 payment to individual taxpayers making under $75,000.
    • $2,400 payment for married couples filing jointly making under $150,000 combined.
    • An additional $500 per qualifying child under the age of 17.  

    Yost offered these tips to help Ohioans avoid scams related to the stimulus payments:

    • Know that you don’t have to sign up to get a stimulus payment. For most consumers, the IRS will use information from prior tax returns to calculate payment.
    • Don’t fall for scams claiming you need to pay money to receive your stimulus payment. The government will not ask for any upfront payment.
    • Watch out for anyone telling you they can get you an instant payment or speed up the process. Do not provide personal information or pay a “processing fee” to supposedly receive a quicker payment. According to the government, payments through direct deposit could go out in three weeks, but it may be longer, especially if you are expecting a paper check.
    • Don’t click on links or download attachments unless you have verified the source and know it is legitimate. Doing so could infect your devices with malicious software designed to steal your personal information or lock your computer until you pay a ransom.
    • The government will not call you asking for Social Security, credit card or bank account numbers. Also, do not disclose your PayPal information – no PayPal account is necessary to receive your stimulus payment. All payments will be through direct deposit to a bank account or paper check.
    • If you receive a stimulus check and it is for an odd amount of money (i.e. $1499.50) or if it states you need to verify the check online or over the phone, it’s a scam.
    • You should get a paper notice in the mail a couple weeks after your payment is sent, letting you know where it was sent and when. If you can’t locate the payment at that point, call the IRS at a legitimate phone number.

    For more information, consumers should visit the IRS website and other legitimate government agency websites and stay tuned for updates from reliable news sources.

    Consumers who suspect an unfair or deceptive sales practice should contact the Ohio Attorney General’s Office at www.OhioProtects.org or 800-282-0515.


  • The Ohio Manufacturing Alliance to Fight COVID-19 supports manufacturers in repurposing and retooling to make PPE to protect health care workers.

    As the coronavirus pandemic (COVID-19) has unfolded, health care providers have sought help to source Personal Protective Equipment (PPE) to enable health care workers to safely care for patients. At the same time, manufacturers have reached out to seek guidance on how they can retool or repurpose to contribute to the cause.

    Ohioans' actions are critical to "flattening the curve" and protecting our communities and health care workers. The situation is critical and urgent, and we are moving quickly.

    Download list of PPE

    Find out how your manufacturing company can play an important role in responding to the challenge of COVID-19.

  • Updates from Cincinnati Bell

    Cincinnati Bell is prepared to meet the needs of our customers and community during this unprecedented and challenging time. We are monitoring the ongoing status of the coronavirus (COVID-19) outbreak very closely.


    We are following the guidance provided by government and health agencies, and have taken a number of steps to prepare for, and prevent, the spread of this virus.


    We understand that you and your constituents may have questions about what steps Cincinnati Bell is taking to ensure our community members have ongoing access to broadband, voice, and other important services.


    We have created a special site for the community that provides important and regularly updated information about our business continuity efforts and safety measures that we’ve established.


    ·         https://www.cincinnatibell.com/special-pages/coronavirus

  • SBA Loan Deferment 

    Businesses with existing SBA loan payments can apply for those to be deferred. For more information, click HERE.  For questions, contact Access Business Finance, Inc. at (513) 777-2225.

  • Mark Your Calendar

  • Sustaining Sponsors