Thank you for visiting the Indiana SBDC COVID-19 resource page. We know that these are uncertain times, but please know that the Indiana SBDC is here to support you however we can. If you have any questions about the information below, or would like to speak to an Indiana SBDC business advisor, please visit our locations page to find an office nearest to you.
The Indiana SBDC Small Business COVID-19 Resource Guide is available for download here.
Economic Injury Disaster Loans
- The U.S. Small Business Administration (SBA) is currently accepting applications for Economic Injury Disaster Loan (EIDL) assistance. Applications can be submitted at www.SBA.gov/disaster. These loans up to $2 million may be used by small businesses as well as private nonprofits to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. All Indiana counties are eligible for these loans.
Additional Funding Resources
- Talk to your current lender or community bank. If they are an SBA-approved lender then they have access to additional SBA loans that you may qualify for.
- The Express Bridge loan program allows SBA Express lenders to provide expedited financing to small businesses located in declared disaster areas. Express Bridge loans are intended to be interim loans. Businesses use these funds for disaster-related purposes while they apply for and await long-term financing. Speak with your current lender or use Lender Match below to find a participating lender.
- Lender Match is SBA’s free online referral tool that connects small businesses with participating SBA-approved lenders. Lender Match can be accessed by small businesses any time. www.SBA.gov/lendermatch
- Many local organizations are offering assistance to small businesses located within their region. Please contact your local Chamber of Commerce or Economic Development Organization to see if programs are available.
- The Indiana SBDC is maintaining a list of additional loan and grant resources here. This list will be updated as we become aware of additional resources. Reference in the document to any specific product, process, or service, or the use of any trade, firm or corporation name is for the information and convenience of the public, and does not constitute endorsement, recommendation, or favoring by the Indiana SBDC.
Counseling and Advising
- To be connected to an Indiana SBDC business advisor, please visit our location page to find an office nearest to you.
- For additional no-cost, one-on-one virtual or telephone business advice regarding COVID-19 and other matters find an SBA Resource Partners near you at www.SBA.gov/local-assistance.
- Gener8tor is hosting emergency one-week virtual programs for small businesses affected by the COVID-19 outbreak. These programs will feature daily webinars designed to identify, understand and help small businesses secure resources to withstand the current crisis. One-on-one office hours will also be available. Register here.
- What should business owners focus on to survive the fallout from COVID-19? Here Greg Fisher, Ph.D., Larry & Barbara Sharpf Professor of Entrepreneurship, Indiana University, Kelley School of Business, discusses 8 critical areas of focus and action to help business owners navigate this crisis.
Indiana Stay at Home Order
- Governor Holcomb has signed an executive order that Hoosiers remain in their homes except when they are at work or for permitted activities, such as taking care of others, obtaining necessary supplies, and for health and safety. The order is in effect March 25 – April 7. The full executive order can be viewed here.
- What is an essential business? Essential businesses and services include but are not limited to grocery stores, pharmacies, gas stations, police stations, fire stations, hospitals, doctor’s offices, health care facilities, garbage pickup, public transit, and public service hotlines such as SNAP and HIP 2.0. A full list of essential businesses can be found in the executive order.
- The Indiana Stay-at-Home Order FAQ can be found here.
- In Notice 2020-18, the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing COVID-19 emergency. They have released an FAQ related to the relief provided in the Notice here.