The Downtown Springfield Association is here to help and support you as we all deal with COVID-19. This page will be updated with information and resources for you during this constantly-changing situation. You can also access information from the Springfield Area Chamber of Commerce and the efactory.
The DSA is actively working with its community partners to connect our small businesses with financial resources during this national emergency. Here is an initial list of options:
Missouri has been approved for SBA’s Coronavirus impact disaster assistance. This is an unprecedented move that will make low-interest disaster loans available to small businesses and private non-profits severely impacted by the Coronavirus (COVID-19).
If eligible, a business or non-profit that submits a viable application could be approved for a loan of up to $2 million. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
How to Apply
Applicants will be able to apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance.
SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
All of these forms are available in the Disaster Loan Application Portal. Download the SBA information sheet on this program by clicking here.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020. For additional information, please visit the SBA disaster assistance website at SBA.gov/Disaster.
This is a collaboration of 14 area financial institutions that established this organization in 1997 to stimulate small business growth in Center City. As a local program, it has the most flexibility in providing terms for our community. It is crafting an emergency working capital program that will be designed to be streamlined to provide small businesses with a first line of financing. It will help bridge the gap to City and Federal SBA programs.
The purpose of the City of Springfield small business loan programs is to facilitate economic development through the establishment, stabilization and expansion of micro-enterprises and small businesses.
Micro-Enterprise — Less than 5 Employees
Business Development — More than 5 Employees
DSA is fully committed to supporting our local small businesses in this time of need. Please feel free to contact us if you have any questions and we will be updating you as more information becomes available.
Here are some national business resources:
U.S. Small Business Administration Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19) (Guidance for businesses and information on access to low-interest loans to small businesses/non-profits severely impacted by COVID-19 through the SBA’s Economic Injury Disaster Loan program)
U.S. Centers for Disease Control and Prevention: Guidance for Businesses and Employers (Recommended strategies to help prevent workplace exposures)
U.S. Chamber of Commerce “Understanding the Coronavirus” Webinar (Learn about the impact of the outbreak on the private sector and how companies should consider their response)
U.S. Centers for Disease Control and Prevention: Communication Resources (Free resources including video, fact sheets and posters available for use and distribution)
National Restaurant Association: Coronavirus Information and Resources (Resources specific to the foodservice industry)
The City of Springfield has put together a page featuring Guidance for Specific Groups, including Food Establishments, Employers, Employees and Events.