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

A small business owner's guide to the CARES Act

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