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What US ATM ISOs / IADs Need to Know & Do Now

Federal and State Information/Links for Small Business COVID-19 Financial Relief & Operating Conditions

The CARES Act (Coronavirus Aid, Relief, and Economy Security Act) was passed by Congress and signed into law by the President, as you no doubt have read/heard. The CARES Act includes the Paycheck Protection Loan Program, and other targeted relief for small businesses and individuals affected by the COVID-19 crisis.
 
The special SBA loan program will be administered through the financial institutions and will provide for 100% loan forgiveness to companies who apply the loan funds to maintain pre-crisis staffing & operational expenditure levels.
 
We encourage you to complete your SBA loan application as soon as possible, since the number of application will be high and processed on a first come-first served basis.
 
The new law also provides enhancements to State administered unemployment programs for affected individuals.
 
These benefits are extended to 1099 contract labor/contractors as well as traditional employees under the CARES Act.
 
Here is a link to a one-page summary of the new forgivable SBA loan program, prepared by Jones Walker - NAC's Governmental Affairs Counsel: 
 
For more detailed information about the new federal recovery/stimulus law, click these links to the U.S. House of Representatives’ Small Business Committee and U.S. Chamber of Commerce COVID-19 info pages, and for the full text of the final CARES measure, as enacted:
 
STATE SPECIFIC FINANCIAL RELIEF & OPERATING CONDITIONS
[INCLUDING INFORMATION ON APPLYING FOR FEDERAL LOANS W/ LOCAL SBA OFFICES]
 
Many states are providing information to assist businesses in applying for federal relief, and to implement additional available State relief for small businesses affected by the ongoing pandemic. For your ready reference, NAC has assembled all of the most important information and links on a state-by-state basis in the listing below.
 
Please note that the application deadlines for some state-provided relief expire April 1 st – and so it is important that you check your state(s) information and act TODAY. Some of the state links will also refer you to additional grants or loans that may be available to you/your business at the city/county levels - please check these out carefully too.
 
NAC is here to help you! If you have any questions regarding how these laws apply to your business, or need assistance, please don't hesitate to email/call NAC at 904-683-6533 or atmnation@natmc.org. Additionally, our Governmental Affairs Counsel has offered to also answer NAC Member questions on a complimentary basis – and NAC Members may call Rob Carothers at 251-439-7522 for such service. NAC will continue to keep you informed regarding any and all ATM related developments and impacts as the COVID-19 pandemic continues to unfold.
 
Stay Safe & Stay Strong - ATM NATION SHALL ENDURE!!!
 
HERE ARE THE KEY INFORMATION/RELIEF LINKS BY STATE & TERRITORY:
 
1. Alabama
 
2. Alaska:
 
3. Arizona
 
4. Arkansas
 
5. California
 
6. Colorado-
 
7. Connecticut
 
8. Delaware
 
9. Florida
 
10. Georgia
 
11. Hawaii
 
12. Idaho
 
13. Illinois
 
14. Indiana
 
15. Iowa
 
16. Kansas
 
17. Kentucky
 
18. Louisiana
 
19. Maine
 
20. Maryland
 
21. Massachusetts
 
22. Michigan
 
23. Minnesota
 
24. Mississippi
 
25. Missouri
 
26. Montana
 
27. Nebraska:
 
28. Nevada
 
29. New Hampshire
 
30. New Jersey
 
31. New Mexico
 
32. New York
 
33. North Carolina
 
34. North Dakota
 
35. Ohio
 
36. Oklahoma:
 
37. Oregon
 
38. Pennsylvania
 
39. Rhode Island
 
40. South Carolina
 
41. South Dakota
 
42. Tennessee
 
43. Texas
 
44. Utah
 
45. Vermont:
 
46. Virginia
 
47. Washington
 
48. West Virginia:
 
49. Wisconsin
 
50. Wyoming
 
51. American Samoa:
 
52. Guam:
 
53. Northern Mariana Islands:
 
54. Puerto Rico:
 
55. Virgin Islands: