As small businesses across the country are grappling with the current and potential impacts associated with COVID-19, NFIB is continuing to track the latest developments from federal healthcare officials, Congress and the Administration. We know small business owners are acting now to take necessary precautions, but also need to understand how actions taken by policymakers today affect business operations down the road.
On this page, you will find up-to-date resources from NFIB and federal government agencies. Throughout this time, NFIB will continue to offer webinars, legislative monitoring, and additional resources.
If you have any questions regarding your business and COVID-19, please contact NFIB’s Small Business Legal Center at 800-552-NFIB ( 1-800-552-6342 ) or email [email protected].
Join Mary Beth Baker, SVP and Commercial Lending Officer for Powell Valley National Bank, along with NFIB’s Beth Milito and Holly Wade to learn more about how PPP loan forgiveness will work. Mary Beth will provide insights on how to get prepared, avoid potholes, and begin navigating the road to forgiveness. Register Now
During NFIB’s Weekly Wednesday Briefing, NFIB’s Beth Milito and Holly Wade will be joined by a specialist from Finch CPA. The full hour will be devoted to answering your PPP loan, EIDL, tax, and unemployment benefit questions. You can submit your questions live or by emailing your question ahead of time at [email protected] Watch Now
The SBA has released the new PPP Loan Forgiveness Application Form 3508EZ, which is designed to streamline PPP forgiveness for certain businesses. While applying for forgiveness may still seem overwhelming – even with this simper form – the EZ form requires fewer calculations and less documentation. Join NFIB’s weekly webinar with Beth Milito and Holly Wade as they walk through the EZ form together and answer frequently asked questions. Watch Now
Join us for NFIB’s Weekly Briefing for a live discussion with NFIB experts Beth Milito and Holly Wade as they highlight key issues important to small businesses operating in the Covid-19 era. Beth and Holly will discuss real-world examples on the following topics to help you navigate difficult business decisions today and into the future. Watch Now
Please join Holly Wade, Director, NFIB Research & Policy Analysis, and Beth Milito, Senior Executive Counsel, on June 10 for their weekly webinar where they will focus on dramatic changes to the PPP loan program and also discuss other resources available to help small businesses navigate Covid-19. Watch Now
Payheck Protection Program (PPP) Loan Forgiveness Part III: 10 Keys to Loan Forgiveness & Your Questions Answered Live (6/3/20)
With the May 15 recent release of the PPP Loan Forgiveness Application, borrowers were left with some clarification and plenty of questions. Over the last two weeks, Holly and Beth took a deep dive into the application and instructions. In this next part of our PPP loan forgiveness webinar series, we run through 10 tips to maximize your loan forgiveness and spend time answering your questions. Watch Now
On May 15, 2020, SBA released the PPP loan forgiveness application, an 11-page application that borrowers will need to complete. As a follow-up to our previous PPP Loan Forgiveness webinar, Sandra Finch, a Certified Public Accountant who educates CPAs nationwide, will join Beth Milito and Holly Wade for a session that will review the PPP loan forgiveness application step by step. Watch Now.
This week NFIB’s Holly Wade and Beth Milito will be joined by banking expert Colin Barrett, President/CEO of the Tennessee Bankers Association, to discuss how to avoid running afoul of PPP loan forgiveness rules, how to complete the forgiveness application, and other practical advice that businesses can use to get employees back to work and resume operations safely. Watch Now.
This week Holly and Beth will devote the full hour to answering your PPP loan and SBA EIDL, tax, workplace, human resource (HR), and unemployment questions. You can submit your questions live or by emailing us ahead of time at [email protected] with “webinar” in the subject line. Watch Now.
Holly Wade, Director, NFIB Research & Policy Analysis, and Beth Milito, Senior Executive Counsel, for NFIB’s weekly webinar briefing will focus on considerations you will face as the country reopens for business. Watch Now.
Join Holly Wade, Director, Research & Policy Analysis, and Beth Milito, Senior Executive Counsel, for an update on Congressional action to add funding to EIDL and PPP loan programs, a review of SBA rules on the PPP loan forgiveness formula, and hear the latest on the unemployment insurance system meltdown. Watch Now.
NFIB will hosted its fifth COVID-19 webinar on Friday, April 10, 2020, at 12 pm ET, which will cover new guidance information released by the SBA and Treasury on the EIDL and PPP loan programs. Watch Now.
NFIB hosted its fourth COVID-19 webinar on Friday, April 3, 2020, at 12 pm ET, which focused exclusively on small business loan programs that are now available. Watch Now.
On Monday, March 31, 2020, NFIB hosted a webinar walking business owners and employers through the Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus bill, which will provide small business grants, forgivable loans, and tax relief. Watch Here.
On Friday, March 20, 2020, NFIB hosted a webinar on COVID-19, Congressional and Legal Update for Small Businesses. Watch Here.
On Friday, March 13, NFIB hosted a webinar to discuss COVID-19 and the impact of small businesses. This webinar provided a critical, up-to-the-minute report on the situation from NFIB Senior Executive Counsel Beth Milito and NFIB Director of Research Holly Wade. They provided government updates on how to take precautions and handle presumptive cases in the workplace. Watch here.
NFIB has recently released a Guide to New Federal Relief outling how the stimulus bill affects small businesses.Read More
NFIB has collected useful resources for small business owners including information from the Small Business Administration, leeway from financial institutions, and assistance from state and local governments. Read More
At this time we are receiving many calls from concerned small business owners throughout the country facing unprecedented challenges during the COVID-19 pandemic. We’ve done our best to address the most common questions in this FAQ.
The NFIB Research Center released a survey with an update on the state of small business and the progress with federal loan programs. Twenty-seven percent of owners reported experiencing a significant or moderate increase in sales due to eased restrictions in the states. Another 27% reported a slight increase and 42% of owners said sales levels did not change. Read More
The NFIB Research Center released a survey today updating the utilization and financial assistance of both small business lending programs, the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) Program. The survey also explores the familiarity of the Main Street Lending Program and the prevalence of COVID-19 related to employee leave. Read More
The NFIB Research Center released a survey May 21, 2020 on the status of the small business loan programs. Among NFIB members, 80% applied for a Paycheck Protection Program (PPP) loan and almost 90% have received the loan. Most of the loans were deposited between mid-April and mid-May. Read More
The Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program are the two primary loan arrangements, and for many, the only loan programs available to small business owners in need of financial assistance. After a brief lapse in funding, the PPP loan program is back online, facilitating loans and accepting new applicants. The EIDL program is also back online and processing loans with new funding, but currently closed to new applicants other than businesses in the agriculture industry. Read More
The Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) are the two primary loan programs available to negatively impacted small business owners in need of financial assistance. Currently, both programs are closed to new applicants. Many applicants who have submitted their application are still waiting to hear if their loan is far enough through the process to receive financing or if it has been suspended due to lack of program funds. However, additional funding may become available making current suspensions only temporary. Read More
The NFIB Research Center’s latest survey focused on the two main COVID-19 related small business loan programs. The survey highlights the strong demand for financial assistance among small business owners and how owners are navigating the initial rollout of the two loan programs. Read More
The NFIB Research Center’s latest survey on the current impact of the COVID-19 outbreak on small business shows continued deterioration of the small business sector. Read More
The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys since the 4th quarter of 1973 and monthly surveys since 1986. Survey respondents are drawn from NFIB’s membership. The report is released on the second Tuesday of each month.
Between state and locally-mandated closures, access to financial assistance and protective gear, and concerns with unfair lawsuits there are many challenges facing small businesses. NFIB is advocating for you and your business and we want to learn more about the challenges you are experiencing. Share Your Story
As Congress considers the next legislative package devoted to coronavirus relief the discussion has shifted to protecting businesses from unfair coronavirus lawsuits. Tell your lawmaker that your business needs to be protected from coronavirus exposure litigation. Act Now
Tell your Senators to reverse IRS guidance that disallows forgiven expenses from being deductible as a business expense. Urge Senators to support S. 3612, the Small Business Expense Protection Act of 2020. Act Now