Warren Co. Urges Businesses to Research COVID-19 Assistance Resources

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-Press Release, Warren County Government

Many businesses across Warren County, the state, and the country have been affected by the regulations and preventative measures surrounding the COVID-19 virus. It is important for businesses to take advantage of the resources being made available by the state and federal government, as well as other organizations in a timely manner.

If you require assistance, Warren County Economic Development can help. For more information, contact Stacy Woodhouse, Economic Development Commission Director, at 252-257-3114 or by emailing [email protected]

The following are some of the assistance programs available to businesses:

SBA Disaster Assistance Loan (SBA)

Loans up to $25,000 do not require collateral. Note that the SBA website is crashing regularly during business hours due to increased traffic; businesses are encouraged to apply from 7 p.m. – 7 a.m. during off-peak hours. https://disasterloan.sba.gov/ela/Information/Index

N.C. Division of Employment Security

If you have lost your job or been laid off, file an Unemployment Insurance (UI) claim. New changes to the state’s unemployment system have occurred due to the current impacts of the COVID-19 coronavirus in North Carolina. COVID-19 specific information can be found at https://des.nc.gov/need-help/covid-19-information. This website has information for both employers and people seeking unemployment benefits. The NC Division of Employment Security can also be reached at 888.737.0259.

Facebook Small Business Grants

Facebook has a small business grants program. For more information, visit www.facebook.com/business/boost/grants.

NC Rapid Recovery Loans

The North Carolina COVID-19 Rapid Recovery Lending program supports North Carolina small businesses and family farms as they recover from the economic impact of COVID-19. This loan helps small businesses bridge the gap between when crisis strikes and when federal loans, insurance payouts, and other relief funds are approved, or businesses have time to recover. These funds are provided by the Golden Leaf Foundation. For more information, visit https://ncrapidrecovery.org/.

Federal Income Tax Extension

The U.S. Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations, and other non-corporate tax filers, as well as those who pay self-employment tax. For more information, visit https://www.irs.gov/coronavirus.

NC Income Tax Filing

The deadline for filing NC Income Tax has been extended from April 15 to July 15, 2020. For more information, visit https://www.ncdor.gov/home/ncdor-actions-covid-19.

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