Small Business Support for Covid-19

The City’s Office of Economic and Workforce Development stand ready to support the small business community as we navigate the Covid-19 pandemic together. Learn about resources available to assist you if you are a small business owner, or how to support businesses as a resident during this time. As the situation continues to evolve, please check this page often for new and updated information.

SBA Economic Disaster Loans

The US Small Business Administration is offering designated states, including North Carolina,  low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).  

The loans may be used to pay fixed debts, payroll, accounts payable and 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%. 

Learn more about these loans or apply. 

Tax Penalty Relief

The North Carolina Department of Revenue is providing penalty relief for taxpayers affected by the Novel Caronavirus. Penalties being waived include:

  • The penalty for failure to obtain a license (G.S. 105-236(a)(2); 
  • The penalty for failure to file a return (G.S. 105-236(a)(3)) 
  • The penalty for failure to pay tax when due (G.S. 105-236(a)(4)); and 
  • The penalties regarding informational returns (G.S. 105-236(a)(10)).

Learn more about the penalty relief here

Unemployment Information for Employees and Employers

Governor Cooper has made changes to unemployment benefits through Executive Order 118. Visit the North Carolina Employment Security Division’s COVID-19 Information page to learn more. 

Information from Durham Ecosystem Partners

Downtown Durham, Inc. (DDI) has put together a comprehensive website of information for downtown businesses and residents in need.

Discover Durham has a page with support information for hospitality industry partners.

Information for Restaurant Businesses

The North Carolina Restaurant & Lodging Association has created a summary page of information for hospitality businesses.

Information for Non Profits and Students

The Triangle Community Foundation has put together a list of resources for non-profit organizations and students.  

Additional Ways to Support Small Business

There are many ways you can assist during this time.