Supporting America’s Self-Employed
Through Coronavirus Impact

As our members face the growing uncertainty of the economic impact of the Coronavirus, we wanted to share the growing list of resources that are being made available to support you during this challenging time. Please note that the NASE remains a strong and supportive partner to you as we all navigate these choppy waters, remember to leverage our Ask the Expert resource and continue to subscribe to our social media channels for the most up to date information, you can find us on Facebook
and Instagram. Through this all, we will continue to advocate for the self-employed as legislation is being considered and regulatory action is taken.

We will continue to provide timely updates on proposed legislation making its way through Congress and the additional activities the Small Business Administration is considering as the full weight of the federal government turns to supporting businesses and their employees.

As a strong community of resilient, innovative and proud entrepreneurs, we will work to provide timely resources to you and information that will help you in this time of uncertainty. 

Hyperlink of States Plans to Lift Coronavirus Restrictions

SBA Restaurant Revitalization Fund (April 28, 2021)

Frequently Asked Questions: PPP-FAQs-3.12.21.pdf (sba.gov)

How to Calculate First Draw Loans: How to Calculate First Draw PPP Loan Amounts (sba.gov)

How to Calculate Second Draw Loans: HowtoCalculateSecondDrawFAQs-3.12.21.pdf (sba.gov)

*NEW* PPP Changes for the Self-Employed (March 5, 2021)

SBA Webinar on PPP Changes Featuring NASE President & CEO Keith Hall (March 6, 2021)

Covid Relief Summary (December 21, 2020)

SBA, in consultation with the Treasury Department, has recently released additional PPP forms and guidance:  

Updated First Draw Forms 

• Form 2483 – First Draw Borrower Application (Updated 1/8/21)
• Form 2484 – First Draw Lender Guaranty Application (Updated 1/8/21)

Second Draw Forms

• Form 2483-SD – Second Draw Borrower Application (Released 1/8/21)
• Form 2484-SD – Second Draw Lender Guaranty Application (Released 1/8/21)

Guidance & Resources 

• Accessing Capital for Minority Underserved, Veteran and Women-Owned Business Concerns Guidance (Released 1/6/21)
• Top-Line Overview of First Draw PPP Loans (Released 1/8/21)
• Top-Line Overview of Second Draw PPP Loans (Released 1/8/21)
• Interim Final Rule #1 – PPP as Amended by Economic Aid Act (Released 1/6/21)
• Interim Final Rule #2 – PPP Second Draw Loans (Released 1/6/21)
• Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only) (Released 1/8/21)
• Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement (Released 1/8/21)

For more information and updates, visit SBA.gov/PPP or Treasury.gov/CARES 

NEW: Paycheck Protection Program- How to Calculate Loan Amounts 

NEW: Click here to view the EZ Forgiveness Application (self-employed specific)

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US Department of Treasury- CARES Act Resource Web Page

Small Business Owner's Guide to CARES Act

Rebate Check FAQ

SBA Loan and Economic Injury Loan Program Resources

• Economic Injury Disaster Loans ( EIDL)

Federal Legislative Resources

• Summary of Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (signed into law by the President on March 27)
• Summary of Supplemental Coronavirus Legislation H.R. 6201 - Families First Coronavirus Response Act (signed into law by the President on March 18)
• Summary of CARES Act (passed by the Senate on March 25)
• Summary of Small Business Provisions included in the CARES Act
• DOL Fact Sheet: Employer Paid Leave Requirements
• Paid Sick & Safe Time Laws and COVID-19

Below we have curated federal and national Resources to support you:

• Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)
• Centers for Disease Control and Prevention (CDC) - Business Resources
• Department of Labor (DOL) - Workplace Preparation
  
• SBA Disaster Loan Application
• Guidance for protecting one's mental health during COVID-19 outbreak

Additionally, here are state and city specific resources for you to review:

• Compiled information for employers, employees and all Californians as relating to the COVID-19 outbreak
• DC Small Business Recovery Microgrants
• Resources and financial assistance for New York City businesses impacted by COVID-19
• Resources for New Jersey business owners on COVID-19 and impact on businesses provided by state government website
• Resources for San Diego area businesses impacted by COVID-19
• San Francisco Office of Economic and Workforce Development - Small Business Resiliency Fund