WV Energy Efficiency Impact Grant Program

The West Virginia Office of Energy, in partnership with the Jackson County Development Authority, have launched the WV Energy Efficiency Impact Grant Program.

Due to the recent economic strain felt by small businesses during the coronavirus, this micro-grant program is designed to assist small businesses throughout the state in making energy efficiency upgrades to their business. Current funding allows for at least 12 micro-grants to be awarded, totaling no more than $3,000 each.

Another round of funding for this program will be available on October 1, 2020. Funding for this program is provided by the U.S. Department of Energy, thus, their guidelines and requirements must be observed. While this program is being administered by the Jackson County Development Authority on behalf of the West Virginia Office of Energy, all small businesses in West Virginia who meet the requirements are eligible to apply.

Applicants may request up to $3,000 in grant funds to be put toward the allowable energy efficiency upgrades per the U.S. Department of Energy, as seen below. Again, funding is limited at this time and only twelves grants will be awarded in the first round of funding. A second round of funding will begin October 1, 2020.

An application does not guarantee the business will receive the grant. If a business is awarded the grant, funds must be spent within twelve months and receipts and reports must be provided to demonstrate the funds were used properly. Selected applicants must consent to a virtual/no-contact energy audit, via phone or video conference. See below for eligibility criteria.

Allowable uses for the grant:
– Installation of insulation
– Installation of energy efficient lighting
– HVAC upgrades (to existing systems)
– Weather sealing
– Purchase and installation of ENERGY STAR appliances (includes but not limited to, furnaces and air conditioners)

Criteria for Eligible Businesses:
– Must be a registered business in good standing with the State of West Virginia.
– Have a physical establishment within the state.
– Business must have been established on or before May 1, 2019
– Have no more than 15 full-time employees (as of April 1, 2020);
– Generate $1 million or less in profits in 2019.
– Have no pre-existing tax liens or legal judgements

The following entities are NOT eligible:
– Home-based businesses
– Churches
– Non-profit organizations
– Banks & financial institutions
– Investment real-estate entities
– Government agencies

To learn more or to apply please visit: https://energywv.org/index.php…


A group of Harvard MBA students is leading a pro bono service for small businesses called MBAs Fight COVID. The program has over 150 MBA students from across the country that are volunteering their time to provide pro bono assistance to small businesses in need during the COVID-19 pandemic. The students have worked with over 400 businesses across the country, largely in accessing federal funding programs (PPP, EIDL) and answering questions on PPP forgiveness. Students are committed to spending ~1-3 hours on each project to help answer questions and help small businesses access these programs.

If you know small businesses that may be interested in receiving assistance from an MBA student, please have them fill out the short form linked https://docs.google.com/…/1FAIpQLSd9ZCJF5gWIfLFtaJ…/viewform

Students will be in touch shortly after the business fills out the form. There is available funding, but it will go quickly and we expect it to be gone by mid-June. So it’s very important to act now on this information.

The Harvard team has set a goal of helping 100 West Virginia businesses within the next two weeks!

SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

Release Date: Friday, May 15, 2020

Release Number: 20-41

Contact: press_office@sba.gov

Washington—Today(5/15), the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
  • Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
  • Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined

The PPP was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic.  The documents released today will help small businesses seek forgiveness at the conclusion of the eight week covered period, which begins with the disbursement of their loans.

Click hereDownload Adobe Reader to read this link content to view the application and instructions.


During a press briefing on 4/27 with the Justice Administration the Governor delivered his plan to reopen the state beginning after three consecutive days of less than 3% statewide positive tests. The plan is split into six-week phases and can be viewed in the PDF below.

WV Strong The Comeback – 4/28


On 4/29 the Governor announced that reopening will begin on Thursday 4/30. Information continues to be updated at coronavirus.wv.gov.
















–  Three consecutive days maintaining statewide Cumulative Percent of Positive Test Results below 3%. The current numbers can be viewed at https://dhhr.wv.gov/COVID-19/Pages/default.aspx

– Allowing to open, NOT requiring to open

– An unexpected increase in COVID-19 positive hospitalizations
– Significant outbreaks of community-based transmission (not clusters or outbreaks in nursing homes or vulnerable communities) This could be on a county by county or regional hotspot basis.
– Cumulative Percent of Positive Test Results surges above 3%

– Continue to practice physical distancing
– Wear face coverings in public where other social distancing measures are difficult to maintain
– Follow statewide Stay at Home Order until lifted
– Follow all county Health Department regulations
– Telework when possible

– Guidance for each business sector will be released in advance
– Limitation on size of gatherings still in place until lifted
– Testing data tracked and analyzed daily
– Reopening plan will be modified as necessary

Follow updates at coronavirus.wv.gov and governor.wv.gov

Helpful Tips for Your Business During & After COVID-19

With talks of starting to reopen businesses but no definitive date set, we wanted to help businesses start preparing themselves mentally and physically for the day they can switch the closed signs on their doors to open. With that being said, we looked for resources out there with tips to restarting your business following a pandemic or emergency. We gathered what we could, added our own tips and designed these guides.

There are two guides, one for businesses and a separate guide specifically for restaurants. These will posted on our Facebook today (4/22) as well and you are free to share with businesses that may find it useful!

Business Guide

Restaurant Guide

RestoreYourEconomy.org – IEDC and US EDA

RestoreYourEconomy.org provides resources and best practice information for public and private stakeholders who are seeking to rebuild their local economies after an economic disruption, be it a natural disaster or man-made crisis, as well as assist the business community in preparing for a disruption. RestoreYourEconomy.org is managed and regularly updated by Delaney Luna at the International Economic Development Council (IEDC) in cooperation with the U.S. Economic Development Administration (EDA).

Printable Social Distancing Signs for your Business

These signs can be placed around you business to help remind employees and customers of proper social distancing, hand washing techniques and more.

How to Wear A Mask

Proper Hand Washing

Social Distancing

These signs can be placed on the  floor as markers for social distancing.

Floor Sign 1

Floor Sign 2

Floor Sign 3

These signs can be laminated and used with dry erase markers.

Temporary Store Hours

Store Capacity

Business Impact and Business Locator and Operations Surveys

On April 15, 2020, the WV Association of Regional Councils (WVARC), WV Chamber of Commerce, the WV Development Office and the New River Gorge Regional Development Authority announced a partnership to maximize stimulus funds for West Virginia in the wake of the COVID-19 pandemic.

Specifically, the organizations will be collecting data on the impact of business closures and accommodations to better understand recovery needs and to assist the public with locating restaurants, pharmacies and other businesses that are still providing services in the midst of closures.


The Business Impact Survey
Please complete this survey if you are a business and would like to report the difficulties realized by your business due to the COVID-19 pandemic.

The Business Locator and Operations Survey
Please complete this survey if you are a business and would like to update the opening and closing times of your store.


Please consider taking a few minutes to answer each of these surveys here: https://west-virginia-covid-19-business-impact-region1.hub.…


Paycheck Protection Program The SBA will resume accepting Paycheck Protection Program applications from participating lenders today – Monday, April 27, 2020 at 10:30 a.m. EDT. Contact your lender.

Economic Injury Disaster Loans (EIDL) & Advances The SBA is able to accept limited new applications at this time for the EIDL -COVID-19 related assistance program, including EIDL Advances(See announcement below). Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

Previous EIDL & Advances Status If you submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue and your patience is appreciated. If you would like to further inquire about the process and understand what to expect next you should contact the Office of Disaster Assistance 24/7 Customer Service line at 800-659-2955.



U.S. Small Business Administration Administrator Jovita Carranza announced today (5/4) that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. SBA’s EIDL portal will reopen today (5/4) as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week ago, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the Coronavirus (COVID-19) pandemic.

“For more than 30 years, SBA has been prohibited by law from providing disaster assistance to agricultural businesses; however, as a result of the unprecedented legislation enacted by President Trump, American farmers, ranchers and other agricultural businesses will now have access to emergency working capital,” said Administrator Carranza. “These low-interest, long-term loans will help keep agricultural businesses viable while bringing stability to the nation’s vitally important food supply chains.”

Agricultural businesses include businesses engaged in the legal production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)). Eligible agricultural businesses must have 500 or fewer employees.

The SBA will begin accepting new EIDL applications on a limited basis only, in order to provide unprecedented relief to U.S. agricultural businesses. For agricultural businesses that submitted an EIDL loan application through the streamlined application portal prior to the legislative change, SBA will move forward and process these applications without the need for re-applying. All other EIDL loan applications that were submitted before the portal stopped accepting new applications on April 15 will be processed on a first-in, first-out basis.

For more information please visit https://www.sba.gov/funding-programs/disaster-assistance

Paycheck Protection Program

Tuesday evening (3/31), the Treasury released guidelines regarding the Paycheck Protection Program. If you haven’t read about the program, it offers funds to pay 8 weeks of payroll costs including benefits if you keep employees on your payroll during the COVID-19 pandemic. If you have under 500 employees, you may apply. If you have over 500 employees, certain industries can apply. Following a brief pause in funding availability the SBA will resume accepting Paycheck Protection Program applications from participating lenders today – Monday, April 27, 2020 at 10:30 a.m. EDT. CONTACT YOUR LENDER NOW!


General Overview of the Paycheck Protection Program (PPP)

SBA lenders began accepting Paycheck Protection Loan (PPP) applications on April 3rd, for small businesses and sole proprietors. Independent contractors and self-employers applications on April 10th. This program provides potentially forgivable loans as long as the loan proceeds are used to cover payroll, mortgage interest, utility and rent costs over the 8 week period after the loan is made and employee and compensation levels are maintained.


Helpful PDFs

PPP Interim Final Rule

PPP Fact Sheet

PPP Overview

PPP Borrower Application  

Paycheck Protection Program: The SBA will resume accepting Paycheck Protection Program applications from participating lenders today – Monday, April 27, 2020 at 10:30 a.m. EDT. Contact your lender.


Find Eligible Lenders

PDF List WV SBA Lenders

PPP Lender Fact Sheet

PPP Frequently Asked Questions_5.13.20

PPP Forgiveness Application

SBA Faith Based FAQ

EIDL Advance Talking Points

WVDA COVID-19 Pandemic Resources for Farmers and Food Producers

Pandemic Unemployment Assistance (PUA) FAQ Sheet for Self-employed Individuals

Click here to find an SBDC Coach near you!

Please understand that banks, accountants and our own office are recieving this information a bit at a time and are working hard to follow and figure out the details. We want to help you. If you have questions, please let us know. I highly recommend touching base with your accountant or local banker about this program if you have additional questions.

Since there is a funding cap, please apply as quickly as possible. Get your application ready to submit!

Program Overview

The Paycheck Protection Program is a loan designed to help small businesses stay open and provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive portions of loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The Paycheck Protection Program will be available through June 30, 2020.

Who Can Apply

This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.

Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries. Small businesses in the hospitality and food industry with more than one location could also be eligible at the store and location level if the store employs less than 500 workers. This means each store location could be eligible.

Eligible Businesses

  – A small business with fewer than 500 employees

  – A small business that otherwise meets the SBA’s size standard

  – A 501(c)(3) not-for-profit charitable organization with fewer than 500 employees

  – An individual who operates as a sole proprietor

  – An individual who operates as an independent contractor

  – An individual who is self-employed who regularly carries on any trade or business

  – A Tribal business concern that meets the SBA size standard

  – A 501(c) (19) Veterans Organization that meets the SBA size standard

  – If you are in the accommodation and food services sector (NAICS 72), the 500-employee rule is applied on a per physical location basis

– If you are operating as a franchise or receive financial assistance from an approved Small Business Investment Company, the normal affiliation rules do not apply

Ineligible Businesses

 – Businesses engaged in illegal activity under federal, state or local law. (Cannabis warning)

 – A household employer (e.g. if you have a nanny, staff, etc.)

– Any previous defaults on a federal loan in last 7 years

How to Apply

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union,  and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.

Items you will need to give to your bank in order to apply:

– 2019 and 2020 year-to-date monthly Profit & Loss statements
– 2019 and 2020 year-to-date Payroll Reports
– State Income, Payroll & Unemployment Insurance Filings
– Tax ID/EIN and complete ownership information

Loan Details and Forgiveness

Portions of the loan will be forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. The SBA will not charge small businesses any fees.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.  Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

This loan has a maturity of 2 years and an interest rate of 1%.

If you wish to begin preparing your application, you can download a sample form to see the information that will be requested from you.

More Information

 – 1% interest rate

 – 2 years (2) term

 – $10,000,000 Maximum Loan Amount

 – Payments for the loan will be deferred for (six) months. (Interest continues to accrue.)

 –  No collateral or personal guarantees required

 – Forms needed by borrower:

        – SBA Form 2483 (PPP Application)

        – Payroll documentation

 – Lender forms:

        – SBA Form 2484

        – Must be filed electronically

Available until June 30, 2020

Need an SBA Lender?

– Check with your bank or lender and see if they are an SBA Lender

– Find a lender through SBA’s PPP Lender Finder tool by inputting your zip code

– PDF of available WV SBA lenders SBA – WV Banks 4.8.2020

SBA WV Lenders

If you are interested in applying for the Paycheck Protection Program, please contact your financial institution to see if they are an SBA lender, or would like to become one. A current list of SBA lenders in West Virginia can be found starting on page 27 in the resource guide. 

Resource Guide

Looking for guidance related to PPP?

This FAQ sheet from treasury.gov could be a lifesaver, it’s packed full of frequently asked questions and answers!


Example – Question #40 – Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules and guidance) be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer?

Answer: No. As an exercise of the Administrator’s and the Secretary’s authority under Section 1106(d)(6) of the CARES Act to prescribe regulations granting de minimis exemptions from the Act’s limits on loan forgiveness, SBA and Treasury intend to issue an interim final rule excluding laid-off employees whom the borrower offered to rehire (for the same salary/wages and same number of hours) from the CARES Act’s loan forgiveness reduction calculation. The interim final rule will specify that, to qualify for this exception, the borrower must have made a good faith, written offer of rehire, and the employee’s rejection of that offer must be documented by the borrower. Employees and employers should be aware that employees who reject offers of re-employment may forfeit eligibility for continued unemployment compensation.

View the FAQ sheet here:

West Virginia Small Business Training Opportunities
Economic Injury Disaster Loan (EIDL) program & Paycheck Protection Program
UPDATE – WV District Office Trainings

The U.S. Small Business Administration’s West Virginia District Office is here to help you through the challenges created by the COVID-19 pandemic. Please join them for a webinar to discuss the various programs available to assist small businesses with COVID-19 recovery. There will be a brief overview of the programs available and a Q&A session at the end.

Training/Town Hall schedule

Q&A sessions with SBA:

The Q&A with SBA on June 4 has been rescheduled to Tuesday, June 9, 2020.

Tuesday, June 9, 2020 at 2 pm
Thursday, June 11, 2020 at 2 pm

Training log on information Q&A’s

Link: Join Microsoft Teams Meeting
Phone: 202-765-1264
Conference ID: 402791363#

SBA BOOTS to Business

Join the SBA for a two half-day online training session introducing you to skills, knowledge, and resources you need today to launch a business.

The two day online class will run June 9 and 10 from 8:30 am-12:00 pm each day.

The session includes: steps for developing business concepts, how to develop a business plan, and information on SBA resources available to help.

B2B: Reboot is led by experts from the SBA and their extensive network of skilled business advisers. Veterans of all eras, Active Duty Service members (including National Guard and Reserve), and spouses are eligible to participate in this “Introduction to Entrepreneurship” course.

Register Now! https://www.eventbrite.com/e/boots-to-business-reboot-onlin…



You may also contact SBA’s Disaster Assistance Center at  800-659-2955 or via email at disastercustomerservice@sba.gov, if you have a question regarding your EIDL application.

If you have inquiries about the EIDL process please visit https://disasterloan.sba.gov/ela/



The SBA will begin accepting new EIDL applications on a limited basis only, in order to provide unprecedented relief to U.S. agricultural businesses. For agricultural businesses that submitted an EIDL loan application through the streamlined application portal prior to the legislative change, SBA will move forward and process these applications without the need for re-applying. All other EIDL loan applications that were submitted before the portal stopped accepting new applications on April 15 will be processed on a first-in, first-out basis.

For more information please visit https://www.sba.gov/funding-programs/disaster-assistance

Need help deciding whether to apply for the EIDL, PPP or both?

Check out this helpful comparison below or go to wvsbdc.com/Coaches to find an SBDC coach near you!

  • This chart can also be viewed in the SBA Powerpoint above
COVID-19 Business Relief Resources by the West Virginia Development Office

In order to aid businesses and communities dealing with the impact of COVID-19, the West Virginia Department of Commerce has developed a directory of human and financial resources. Please continue to receive public health information from the Department of Health and Human Resources and Governor Jim Justice’s official website. Below you will find important information about resources from both state and federal agencies available to businesses and communities affected economically from COVID-19.  https://westvirginia.gov/covid19/


CARES Stimulus Package

Breakdown of the Stimulus Package

View this PDF from the International Economic Development Council  regarding the 

federal stimulus package that was signed on Friday 3/27. This is a good breakdown of what’s being 

offered in the package in an easy-to-follow format.


Paycheck Protection Program 

(Thank you Jill at the MOV Chamber of Commerce for summarizing this information.)

This is one component of the CARES stimulus bill that was signed by the President on Friday afternoon 3/27

that applies to small businesses, 501c3 organizations, and sole proprietors.  In essence, it is a loan that 

converts to a grant if used for the purposes intended.


Portions of these loans are forgivable when used to cover your payroll, utilities, rent, mortgage – any 

portion of the loan used outside of this purpose is still owed. It is for an 8 week period and there are some 

stipulations on the forgiveness that pertain to maintaining your employee headcount and not reducing 

salaries by 25%. If you have already furloughed employees and can bring them back by 6/30/20, you are 

not penalized and can use this program.


These loans will be given by local community banks, not the SBA – but the banks have to have the 

7A designation by the SBA. 

Truist-LISC Small Business Relief Fund

Historically underinvested communities across urban and rural America are facing enormous economic challenges from the fallout of Covid-19. Small businesses, many of which operate on a cash basis, are struggling to stay afloat and keep employees on the payroll. Nonprofit organizations face skyrocketing demand from residents seeking help with housing, food access and unemployment benefits, and the same time are having to pivot their operations to deliver services remotely.

The digital divide has never been as glaringly apparent—or critical—as it is now, with so many households, especially in rural areas, lacking the connectivity and technology that enables parents to work from home and students to do their school work remotely. Ordering household supplies, consulting with doctors, connecting with friends and relatives—all the online connections we now rely on for daily living—are out of reach.

Thanks to a $5 million grant from Truist, LISC will address the evolving needs of small businesses, nonprofit organizations and families impacted by the Covid-19 pandemic and the related economic downturn. This partnership will help hundreds of businesses and nonprofits sustain operations as well as bridge the digital divide that prevents millions of people from accessing quality job and educational opportunities. These efforts will promote sustained relief and recovery in urban and rural communities across America.


What are they offering?

Small Business Support

Grants of up to $10,000 each to small business owners, especially in rural communities and to enterprises owned by women and minorities, to help meet their most immediate needs. Eligible expenses include:

o  Rent and utilities

o  Payroll

o  Outstanding debt to vendors

o  Technology infrastructure upgrades

o  Other immediate operational costs

Technical assistance to help small businesses weather the current crisis and plan for a sustainable future. This includes tips on how to navigate federal, state and local assistance programs as well as private funding sources, in addition a program to help businesses assess and adapt to a new business environment.


Access to technology and broadband
Cash grants of up to $250 each to households to purchase laptops/tablets, set up and pay for internet, or address other urgent technology needs.

Teams of “digital navigators” to help families maximize internet access, including signing up for subsidies/benefits; basic troubleshooting; and enrolling in computer skills programs.

Grants to nonprofit organizations to upgrade technology infrastructure to deliver services remotely.

Technical assistance to connect areas of density (housing developments, senior centers, etc.) to existing broadband infrastructure and to use satellite service to provide Wi-Fi in rural communities without connectivity.


Before applying, please review the grant information and FAQ here


The small business grant application opens the first week of June. Please register here to get information on the application process.


All questions should be referred to LISC.  Learn more at:


Main Street Lending Program

The Federal Reserve announced the creation of new lending facilities under The Main Street Lending Program (MSLP) to assist small and mid-size businesses with capital needs in light of COVID-19. An organization having already taken advantage of a Paycheck Protection Program (PPP) loan may also take out MSLP loans. MSLP loans will be offered by the Fed through eligible lenders, U.S. insured depository institutions, U.S. bank holding companies, and U.S. savings and loan holding companies.



The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.

When the initial terms of Main Street were announced, the Board indicated that, because the financial needs of businesses vary widely, it was seeking feedback from the public on potential refinements. More than 2,200 letters from individuals, businesses, and nonprofits were received. In response to the public input, the Board decided to expand the loan options available to businesses, and increased the maximum size of businesses that are eligible for support under the program. The changes include:

  • Creating a third loan option, with increased risk sharing by lenders for borrowers with greater leverage;
  • Lowering the minimum loan size for certain loans to $500,000; and
  • Expanding the pool of businesses eligible to borrow.


Learn more at https://www.federalreserve.gov/newsevents/pressreleases/monetary20200430a.htm?mod=article_inline

Eligible businesses for the two MSLP facilities include:

    – Organizations with up to 10,000 employees or up to $2.5 billion in 2019 annual revenues; and

    – Organization must be created or organized in the U.S. or under the laws of the U.S. with significant operations in the U.S. and a majority of its employees based in the U.S.

The two MSLP facilities are: Main Street New Loan Facility (MSNLF) and Main Street Expanded Loan Facility (MSELF). A company cannot participate in both MSNLF and MSELF. Companies that participate in the MSLP cannot participate in the Primary Market Corporate Credit Facility.

MSNLF are for new loans made on or after April 8, 2020 with a maximum loan size of the lesser of:

    – $25 million, or

    – An amount that, when added to the borrower’s existing outstanding and committed but undrawn debt, does not exceed four times that borrower’s 2019 earnings before interest expense, income taxes, depreciation and amortization (EBITDA).

MSELF allows banks to increase the size of an outstanding loan issued prior to April 8, 2020, to a business customer, rather than initiating a new loan. The maximum loan size is the lesser of:

    – $150 million, or

    – 30% of the borrower’s existing outstanding and committed but undrawn bank debt, or

    – An amount that, when added to the borrower’s existing outstanding and committed but undrawn debt, does not exceed six times that borrower’s 2019 EBITDA.

A MSLP facility has a 4 year maturity and an adjustable interest rate based on the secured overnight financing rate (SOFR) plus 250 to 400 basis points. Amortization of principal and interest is deferred for one year. Borrowers will not incur prepayment penalties for retiring the debt before it matures. The minimum loan amount is $1 million. It is expected that the MSLP facilities will be secured by collateral.


The Federal Reserve has announced that firms seeking MSLP loans must commit to make reasonable efforts to maintain payroll and retain workers. Borrowers must also follow compensation, stock repurchase, and dividend restrictions that apply to direct loan programs under the CARES Act. Additional borrower attestations are enumerated in the term sheets published by the Fed for this program.


The Federal Reserve Term Sheets (effective April 9, 2020) for MSNLF and MSELF can be accessed through the following links:

Main Street New Loan Facility (MSNLF)

Main Street Expanded Loan Facility (MSELF)

U.S. Chamber Foundation Launches Grant Program to Support Small Business Recovery

Small businesses are the foundation of our communities and our economy. Employing nearly half the American workforce, they keep our neighborhoods running and make them feel like home. The impacts of the coronavirus pandemic have wrought unprecedented financial uncertainty. These businesses need resources and relief — and they need it now.

That’s why the Save Small Business Fund, a grantmaking initiative funded by contributions from corporate and philanthropic partners including the US Chamber of Commerce Foundation and Vistaprint, is providing $5,000 in short-term relief to employers across the United States. These one-time supplemental cash grants are for businesses that:

   – Employ between 3 and 20 employees

   – Operate in an economically vulnerable community*

   – Have been harmed financially by the COVID-19 pandemic.

The Save Small Business Fund is part of the U.S. Chamber of Commerce’s Save Small Business Initiative—a nationwide program to address small business owners’ immediate needs, mitigate closures and job losses, and mobilize the long-term support the small business community needs for recovery.

The grant application went live on Monday, April 20 at 3:00PM ET.

To learn more visit https://savesmallbusiness.com/

COVID-19 Map

Below you can view a Mapping Intelligence Component to provide up-to-date information about the spread of the novel coronavirus across the United States. This data comes from the New York Times and is updated daily. Select the entire country or any specific county or region from the drop-down menu, then click on the COVID-19 tab to choose which variables you’d like to display.

Mid-Ohio Valley Regional Council (MOVRC) COVID-19 Response Hub

MOVRC has completed development of a COVID-19 Response Hub for the public to access information about COVID-19, and how it is affecting their eight county region. Counties in the MOVRC region include Calhoun, Jackson, Pleasants, Ritchie, Roane, Tyler, Wirt, and Wood. The Hub can be accessed by the public for free. It has a current, updated daily map of the COVID-19 cases in the MOVRC region.

The hub can be accessed at https://esri-movrc-coronavirus-hub-movrc.hub.arcgis.com/


Chamber of Commerce of the Mid-Ohio Valley MOV Restaurants Facebook Page

Want to support your local eateries but unsure of their hours or offerings? Jill and Nicole have helped with that! The MOV Restaurant Facebook page is a place for local restaurants to post updates regarding their hours, menus, family-style meals and more. Check it out by visiting https://www.facebook.com/groups/667075037362936/


West Virginia Tax Department COVID-19 Response Page

The filing deadline for personal income taxes and corporation net income taxes in West Virginia has been extended to July 15. Click here for information about the virus’ impact on deadlines, sales tax remittance and other issues.  

Updates Regarding the WV June 9th Primary Election


General Statement on June 9th Primary Election Preparations
by Brittany Edwards, WVSOS Elections Director


Voter Accessibility & Election Protection Campaign for the June 9th Election


Frequently Asked Questions about the June 9th Primary Election


Please visit GoVoteWV.com for additional links and info.

Ogden Newspapers $1 Million Fund

Ogden Newspapers Inc., the parent company of The Parkersburg News and Sentinel, has established a $1 million fund to help local businesses get back to full strength by subsidizing local marketing efforts through matching advertising dollars.

Businesses operating in the Mid-Ohio Valley market can apply for a grant of up to $15,000  today at newsandsentinel.com. Applicants will receive a response to their application within  two business days.

Facebook Small Business Grant Program

Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. We’ll share more details as they become available. https://www.facebook.com/business/grants?content_id=KKf6RWdyo87L7QO&__xts__[0%25

Secretary of State Mac Warner

Every West Virginian will be eligible to vote by absentee ballot. Applications to request voting via absentee ballot will be mailed to every registered voter the week of April 6th. There will be early voting April 29th-May 9th and election day is May 12th (which is still being planned to be available in-person). Please consider volunteering to help with the polls since most volunteers are elderly. Check the WVSOS website &  govotewv.com for more information on the election.

Local Community Needs Assessment

Senator Joe Manchin’s office is requesting any organization in need of Personal Protective Equipment (PPE) to please fill out this Local Community Needs Assessment form and return it to his office by email at common_sense@manchin.senate.gov

Restaurant Employee Relief Fund

The Restaurant Employee Relief Fund, will provide grants to restaurant industry employees who have been adversely impacted by COVID-19, financially, whether through a decrease in wages or loss of employment.

Apply for a grant starting Thursday, April 2, 2020!

Grants will be awarded on a first-come first-served basis to those individuals who meet the prescribed eligibility criteria, as reviewed and verified by the National Restaurant Association Educational Foundation (NRAEF). Subject to the availability of funds contributed to the Fund, a one-time grant of $500 will be disbursed directly to the applicant following NRAEF’s review and confirmation that their submitted application meets the prescribed guidelines. Awards will limited to one grant per person.

Learn more at https://rerf.us/

Open for Small Business Initiative

Washington Prime Group, owner of Grand Central Mall, recognizes the vital role that small businesses play as a major driver of the U.S. economy. As many small businesses have closed during the coronavirus pandemic, local entrepreneurs are finding it difficult to pay operating expenses such as payroll, insurance, utilities, loan interest, inventory and, of course, their rent.

That’s why WPG has partnered with the Institute for Justice Clinic on Entrepreneurship and the University of Chicago to launch the Open for Small Business Initiative. This initiative provides an easy to use lease modification template allowing for the deferral of payments until local entrepreneurs can get back on their feet.

Open for Small Business is also hosting educational webcast seminars with government agency officials and private sector experts to discuss how to access SBA guaranteed loans and more. These resources are being made available to all small businesses whether or not they are a WPG tenant. I encourage you to visit the Open for Small Business website to learn more.

Click here to view a PDF version of resources listed above.