As we face the global pandemic of Coronavirus, we want to encourage you that you are not facing this alone. The team at Occidental Management is monitoring the situation closely and will continue to try and help all stay informed.
The OMI team strives to provide the best service to our Tenants and partners. In doing so, we would like to offer some COVID-19 Resources for Tenants that you could benefit from during these times.
- The SBA has changed its application procedure for Economic Injury Disaster Loan Assistance. Applications must be submitted through the Upload function of the website, or via mail. The final version of a training presentation will be made available on kansascommerce.gov. For the necessary forms, click here.
- Review your business insurance policy. Many policies include Business Interruption Coverage and may be able to help with your situation.
- There are resources available for business to deal with this crisis. For example, the U.S. Small Business Administration is offering low-interest loans to businesses to help offset the impact of this crisis. Click here for info – State specific information is available here: Click here for info
- The federal and state governments are issuing new regulations for relief from this crisis on a daily basis. We encourage you to monitor them closely.
- The Kansas Department of Commerce announced the launch of its $5 million Hospitality Industry Relief Fund, or HIRE, to offer loans to hotels, restaurants, bars, event centers and other establishments in need of financial aid. Click here to read more about the state’s latest response to COVID-19.
- U.S. Senate Approves CARES Act – This bill includes a $500 billion fund to help hard-hit industries, $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $100 billion for hospitals and related health systems. Click here to read National Association of Manufacturers’ summary of the bill.
- Labor Secretary, Delia Garcia, urges businesses who must layoff employees to file online by spreadsheet. Garcia said filing by spreadsheet helps streamline the process for both employers and employees. The department also released the “Share Work Program”. You can learn more about both at www.GetKansasBenefits.gov.
- Congress has reached a deal on a $2 trillion aid package which contains a lot of provisions that can really help small businesses keep people on the payroll. Companies can take out low-interest loans with fees waived, and whatever money they use to cover payroll, rent, mortgage interest or utilities will be forgiven. The legislation also provides similar debt-relief provisions for existing SBA loans. Click Here
- The Wichita Business Journal has written a summary about what businesses need to know about Sedgwick County’s “Stay At Home” order. The journal points out the county’s order is very similar to other county orders. Click here to read more.
- The U.S. Chamber of Commerce has released a Small Business Guide & Checklist that answers questions about the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. To read this helpful resource guide, click here!
- Johnson County has released several resources for businesses on their website: Click here
- The Wichita Small Business Association is experiencing higher than normal call volume. Here is some additional contact information to help streamline the process.
Wayne Bell, District Director (316) 239-4488
Sarah Haymaker, Deputy District Director (316) 250-5612
Michael Aumack, Public Information Officer (202) 845-4184
Janelle Jones, Lender Relations Specialist (202) 845-4184
Christie Henry, Lender Relations Specialist (316) 272-6023
Michael Aumack, Economic Development Specialist (202) 845-4184
Karol Ikeda, Economic Development Specialist (202) 845-4183
Teri Taylor, Business Opportunity Specialist (202) 845-4186
The most important factor we can all consider right now is the health of ourselves, our families and our customers. Here are some tips that might help:
Contact us for more information regarding COVID-19 Resources for Tenants.