COVID-19 Resources

As we face the global coronavirus pandemic, 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 Occidental Management 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.
  • Review your business insurance policy. Many policies include Business Interruption Coverage and may be able to help with your situation.
    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 (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.
  • 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 that 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.
  • CARES Act PPP
    • Small business (expanded definition) loans up to $10 million at 0.5% interest. Payment deferred for six months. Repayment due in two years.
      Forgiven part of the loan funds are not taxable income to borrower.
    • Apply through participating lender using this application form, along with submitting all other documents and information required by the lender.
    • Participating lender’s timeline to approve the loan.
    • No collateral or guarantees required, and no borrower or lender fees due to SBA.
    • Taking PPP funds makes an employer ineligible to also take the CARES Act Employee Retention Credit.
    • Accepting funds includes certifying to certain statements.
    • Not a complete summary, and funding eligibility remains subject to qualifying under all requirements. Additional US Treasury information for borrowers here and here, and from the SBA here.
    • SBA and CARES Act funding terms remain subject to further federal regulations and guidance from US Treasury and SBA.
    • To read this helpful resource guide, click here!
  • SBA EIDL
    • Small business loans up to $2 million (capped at six months of working capital) at 3.75% interest for for-profit borrowers. Payment deferred for twelve months. Loan term of 30 years.
    • $10,000 loan advance must be requested online as part of an EIDL loan application.
    • Up to $10,000 loan advance funding might be received via direct deposit within three business days of application.
    • The SBA reports that this $10,000 loan advance will be forgiven, even if the applicant ultimately is not approved for or chooses to not borrower further SBA loan funds.
    • Only apply direct through SBA, which may occur anytime online using this application. Loans over $200,000 might require additional documents and information.
    • EIDL full funding requests might be processed within 2-3 weeks. Once approved, SBA offers loan to the applicant, but the applicant may still elect whether to accept the loan and may delay the disbursement of loaned funds.
    • SBA might seek non-realty collateral. No borrower fees due to SBA.
    • Accepting funds includes certifying to certain statements.
    • Not a complete summary, and funding eligibility remains subject to qualifying under all requirements. Additional SBA information for borrowers here and here.
    • SBA and CARES Act funding terms remain subject to further federal regulations and guidance from US Treasury and SBA.
    • The final version of a training presentation will be made available on kansascommerce.gov. For the necessary forms, click here.
  • Kansas CDBG in 35 Communities:
    • Total of $6.3 million available in varying amounts per community.
    • Funding amounts and terms, including whether repayment and interest is required, will all be decided by the specific local community in which the business operates.
    • Must save certain low-to-moderate income job(s).
    • Full details here.
  • Cox Media is offering free advertising on television to local restaurants. Click here.
  • SBA Lenders List
  • Johnson County has released several resources for businesses on their website: Click here.
  • A Wichita citizen created a website to help locals and businesses navigate through COVID-19. 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.
    Executive Direction:
    Wayne Bell, District Director – (316) 239-4488
    Sarah Haymaker, Deputy District Director – (316) 250-5612
    Public Information:
    Michael Aumack, Public Information Officer – (202) 845-4184
    Lender Relations:
    Janelle Jones, Lender Relations Specialist – (202) 845-4184
    Christie Henry, Lender Relations Specialist – (316) 272-6023
    Economic Development:
    Michael Aumack, Economic Development Specialist – (202) 845-4184
    Karol Ikeda, Economic Development Specialist – (202) 845-4183
    Government Contracting:
    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:

  • Centers for Disease Control and Protection (CDC): Click here.
  • World Health Organization Recommendations
  • Remember to regularly disinfect high traffic surfaces like doors, light switches, counter tops, cell phones, car steering wheels, etc.
  • Don’t go out in public if you feel ill or have a fever.

 

Contact us for more information regarding COVID-19 Resources for Tenants.

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