NCR CORONAVIRUS RESPONSE RESOURCES

State and federal resources for Georgia’s small businesses

*This content applies to small businesses in the state of Georgia only.

Published March 20, 2020

Applications for Small Business Emergency Loans are now available, following Georgia’s SBA Statewide Disaster Declaration

Georgia’s small businesses and non-profit organizations can now apply for low-interest economic injury disaster loans, with the 30-year term ranging from 2.75% to 3.75% up to $2 million.

“This is great news for Georgia small business owners,” said Georgia Gov. Brian Kemp. “As we continue to navigate the impact of COVID-19 on our economy, small business owners can apply for much-needed funding to continue operation and pay their employees.”

apply here

Georgia Gov. Brian Kemp considers additional plans to help state’s small businesses

Gov. Kemp and the newly created task forces are considering the following policy initiatives:

Delaying the March 20 payment of quarterly sales tax by businesses by enacting an emergency state sales tax abatement to allow for a temporary delay in state sales tax filings with a payment plan option.  
Allowing the Department of Revenue to cancel the payment of state payroll taxes for March, April and May for all or targeted industry sectors and small businesses. 
Expanding the Georgia job credit program to employers in the retail and restaurant industries and expand the investment tax credit to include all companies in the hospitality and retail industries. Additionally, a state version of the employee retention credit could be created for certain employers in federal disaster areas to continue to allow them to pay employees during periods where those businesses are inoperable.
Creating and expanding loan and grant programs to provide emergency relief to businesses with 50 employees or less. 
Tax breaks for individual business owners or restaurants that have suffered a 30% or greater decline in business revenue since January 1, 2020.
Expansion and streamlining of loans for businesses with 500 employees or less
Creation of credit facilities to provide loans and loan guarantees for businesses with 500 employees or less
Assistance allowing businesses and employees to defer mortgage payments in the event of further decline in sales .
 Various waivers for companies employing fewer than 50 employees to ease the cost of business continuity