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COVID-19 Business Impact Resources

Important Updates as of 5/15/2020

PPP – The SBA has made some important updates to the rules around the PPP, specifically around seasonal businesses and partnerships where partner income was not included in the original application. You can see the updates in our FAQ document.

EIDL – The SBA is processing the loan applications and contacting applicants, little by little. If you’ve gotten a confirmation number that starts with a 3, you’re in the queue. If your confirmation starts with a 2, reach out to the Rhode Island Small Business Development Center at They can connect you to the SBA to reapply.

Reopening RI – The State of RI has put together a lot of information, guidance, and resources around its reopening plan and rules for business. The website is: Note in particular that the state is requiring all businesses reopening to complete a control plan (template here).

Free PPE – The state is also offering free PPE to businesses that submit this plan through their local chamber of commerce (See the Greater Newport Chamber and the Central RI Chamber applications here, as examples. You are not required to be a chamber member.)

 “Paycheck Protection Program” Loans (PPP Loans) and “Economic Injury Disaster Loans” (EIDLs)

On Friday, March 27, 2020, the House of Representatives passed and President Trump signed the CARES Act, an approximately $2 trillion relief measure to address the COVID-19 outbreak and economic fallout.The law includes approximately $350 billion for “Paycheck Protection Program” loans (PPP Loans) to support businesses in making payroll and other essential payments during the crisis. PPP Loans are separate from Economic Injury Disaster Loans (EIDLs) made by the Small Business Administration (SBA).

We 've  provided a  high-level summary of PPP Loans and EIDLs.

PPP Loans

Economic Injury Disaster Loans

Other Resources

Loans For Small Business Owners

Coronavirus Tax Relief and Stimulus Payment Checks

Student Loans (Coronavirus and Forbearance Information)

Unemployment (includes information on each state’s unemployment program as well as a COVID FAQ)