We're in this together.
Here at Crawford Hoying, it is always our top priority to ensure the safety of our properties and all who live and work within them.
We are taking the COVID-19 pandemic one-day-at-a-time but understand that there are many impacts affecting our tenants and residents. Our leadership has been in close contact with community and statewide authorities on all of the latest health, safety and economic effects surrounding recent events.
*The information included below is not intended as legal or financial advice, as we recommend you consult with your tax advisor, financial advisor and attorney before proceeding.
We are continuing to monitor incentives and relief programs made available and hope to serve as a resource throughout this crisis.
- CARES Act Paycheck Protection Program Information Sheet (U.S. Treasury Department) - See additional FAQs below
- SBA Disaster Loan Assistance & Application (U.S. Treasury Department) - See additional FAQs below
- Ohio Development Services Agency (ODSA)
- Business Interruption Insurance (Ohio Department of Insurance)
- Economic Resources for Columbus Region Companies (The Columbus Region / One Columbus)
- CDC Fact Sheet
- Coronavirius (COVID-19) General Info (CDC)
- CDC Updates
- COVID-19 (Ohio Department of Health)
- Franklin County Public Health
- City of Columbus
- Coronavirus Tax Relief (IRS)
- Coronavirus and Unemployment Insurance Benefits (Ohio Department of Job and Family Services)
- Unemployment Insurance (Ohio Department of Job and Family Services)
- Unemployment FAQs (Ohio Department of Job and Family Services)
CARES Act, Executive Orders & More
Our nation's small businesses are facing unprecedented economic impacts due to the Coronavirus (COVID-19) outbreak. Additional information on recent public health orders and state/federal assistance programs are included below.
CARES Act FAQs
What is the CARES Act?
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act which includes $376 billion in relief for American workers and small businesses to help with cashflow issues created by the current public health emergency.
The CARES Act provides loans and a loan forgiveness program to eligible entities through the SBA (Paycheck Protection Program). It also provides an emergency advance of up to $10,000 to eligible small businesses and private non-profits harmed by COVID-19, which may be available within a short time period.
What is the CARES Act Paycheck Protection Program?
The CARES Act's Paycheck Protection Program provides loans and a loan forgiveness program to eligible entities through the SBA. This program provides for new, partially-forgivable small business loans to cover, among other things, payroll costs, rents and utilities. These loans may be forgiven, subject to conditions set forth by the SBA, in an amount equal to the costs incurred and payments made during the eight week period following loan origination if the funds are used for qualifying purposes (which are detailed by the SBA and may include payroll, rent, utilities, etc.). You should contact a registered SBA lender (which includes most banks) to start the application.
What other options are available to me and my business?
The CARES Act also provides an emergency advance of up to $10,000 to eligible small businesses and private non-profits harmed by COVID-19, which may be available within a short time period. To access the advance, you must first apply for an EIDL and then request the advance. The SBA indicates that the advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent, and mortgage payments.
How do I apply?
The application process is very simple and can be accessed here: https://covid19relief.sba.gov/#/