Coronavirus Resources

Individuals

General Facts

Stimulus

Stimulus checks will be mailed to many Americans as a result of the CARES Act. Social Security recipients are eligible. This is a one-time payment.

  • Do I need to apply? No.

  • What if I don’t file a tax return? You will get a check if you receive Social Security retirement, disability or survivor benefits. You will also receive a check if you get Railroad Retirement and Survivor Benefits.

  • What if I’m a nonfiler who doesn’t receive the benefits listed above? Go to https://www.irs.gov/coronavirus/economic-impact-payments and enter your payment information.

  • How much is it? $1,200 per person and $500 per child if you meet the income limits.

Taxes

 

Financial Relief

 

  • The coronavirus relief package offers added assistance for the unemployed.

  • Independent contractors and others unable to work because of coronavirus are eligible for assistance.

  • Unemployed workers will get an extra $600 a week for four months.

 

College Students

Fraud Alerts

  • We do not send text messages about Unclaimed Property. The best way to search for Unclaimed Property is to search our website at www.latreasury.com

 

Small Business/Independent Contractors

Additional Relief Package

  • President Trump recently signed a new $484 billion relief package for small businesses. Read the actual legislation here. The package includes:

    • $310 billion for the Paycheck Protection Program, which provides forgivable loans to small businesses impacted by COVID-19.

    • $60 billion is for smaller lending institutions.

    • $50 billion for SBA Economic Injury Disaster Loans. 

    • $10 billion for SBA EIDL Advance grants.

    • $75 billion for hospitals and health care providers.

Payroll Protection Plan

Economic Injury Disaster Loan Program

  • Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to coronavirus (COVID-19). Program specifics:

  • This program is aimed at providing assistance to small businesses that have been impacted by financial losses as a result of the coronavirus outbreak.

  • The bill provides $20 million to the U.S. Small Business Administration to administer the Economic Injury Disaster Loan Program to affected small businesses in response to the coronavirus.

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.  The loans pay for:

  • fixed debts

  • payroll

  • accounts payable

  • other bills that can’t be paid because of the disaster’s impact.

  • The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.

  • Find out if you’re eligible: https://covid19relief.sba.gov/#/

SBA Express Bridge Loans

  • This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis for disaster-related purposes to eligible small businesses, while the small businesses apply for and await long-term financing. Program specifics:

  • This program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.

  • If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

  • For more information: https://www.sba.gov/document/support--express-bridge-loan-pilot-program-guide

Other Financial Relief

Tax Relief

Financial Stability

General Information

Further Resources

Local Governments

A small business owner's guide to the CARES Act

Louisiana State Capitol Building

900 North Third Street, Third Floor

Baton Rouge, LA 70802

P.O. Box 44154 Baton Rouge, Louisiana 70804


Treasury Main Line: (225) 342-0010

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Any documents sent to the Department of Treasury may be subject to L.R.S. 44:1 et seq., the Public Records Law.