Resources for Businesses
Find information on funding opportunities and unemployment resources for businesses.
Below are some resources to help you navigate through our current situation, and please personally reach out if there's anything our team can do for you.
U.S. Travel Association TRAVEL in the New Normal - Industry guidance for promoting the health and safety of all travelers
Funding & Loans
SBA Restaurant Revitalization Fund - Registration opens April 30, 2021
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Find Out More
On March 27, 2020, President Trump signed into law the CARES Act to provide critical relief needed by businesses and workers across the country to help make it through these difficult times. US Travel has created detailed documents that outline important information:
Small Business Emergency Loans
Following Governor Walz's Executive Order 20-15, DEED has established a loan program to assist small businesses directly and adversely affected following the COVID-19 pandemic. Find Out More
Economic Injury Disaster Loans
If you have suffered a substantial economic injury and are a qualifying business located in a declared disaster area, you may be eligible for an SBA (Small Business Administration) Economic Injury Disaster Loan. Find Out More
Paycheck Protection Program
From the Small Business Association, The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. Borrowers may be eligible for PPP loan forgiveness.
SBA is currently offering PPP loans until May 31, 2021. President Biden announced program changes to make access to PPP loans more equitable. Find Out More
Unemployment Information for Employers
On March 16, 2020, Minnesota Governor Tim Walz issued an executive order to ensure workers affected by the COVID-19 pandemic have full access to unemployment benefits. Find Out More