Coronavirus – Small Business Resources

The economic health & safety of our business community in Lafayette County is of paramount importance. As the coronavirus continues to spread, it is important that Lafayette County is prepared to handle the issue. This is a rapidly-changing situation that is continually being monitored by the CDC and the Mississippi Department of Health.

Below are resources we have pulled together to help educate employers on the coronavirus and the current economic climate we are now facing:

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

The U.S. Small Business Administration, in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.

To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.

The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said SBA Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance released includes:

For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares.

Guides and Resources from the U.S. Chamber


Discover the latest resources and insights to help American businesses, workers, and families.

From the Mississippi Small Business Development Center

Mississippi Coronavirus Hotline: 877-978-6453
(8 a.m. – 5 p.m., Monday through Friday)

Helpful links from the Center for Disease Control and Prevention:

Resources for Businesses and Employers

General Info & FAQs

Steps to Preventing Illness

Preventing COVID-19 Spread in Communities

Other useful links

Mississippi State Department of Health Coronavirus Information Page

Centers for Disease Control Coronavirus Information Page

Centers for Disease Control Coronavirus Interim Guidance for Businesses and Employers

Sign Up for CDC.gov Email Updates

Association of Chamber of Commerce Executives Crisis Management Center Website

Share the safety measures your organization is taking with this Customizable Flyer from the US Chamber of Commerce Foundation

US Chamber of Commerce Foundation “Resilience in a Box” Resource Page