We understand the significant impact of this outbreak on your small business, and as a result, we want to let you know we are offering the following. Please forward and share this with anyone you think can benefit from the information you will find here. And follow @JamBizServ for the latest updates.
Contact a business services program associate for direct one-one assistance tinyurl.com/jambizserv
Small Business Grant Announcement
GJDC Quick Guide Resource Sheet
In an effort to provide you with the latest information and make it simple for you to access, we have created an easy-to-use Quick Guide of the resources available to you. This includes funding, programs, support groups and more that can be of help during this time. The Quick Guide is available in both printable format and as a link to a constantly updated document.
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- Check the link regularly and bookmark it for access to the latest updates. Client Covid 19 Biz Support Programs .xlsx
The CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides financing assistance to small businesses and non-profits through SBA and other tax provisions. To access the Small Business Owner’s Guide to the act that includes information on the Paycheck Protection Program, Emergency Economic Injury Grants, Employee Retention Tax Credits, and Delay of Payment of Employer Payroll Taxes, go here: Coronavirus Aid, Relief, and Economic Security (CARES) Act.
GJDC Revolving Loan Fund Relief
- To the borrowers of Greater Jamaica’s Revolving Loan Fund we will be offering forbearance and fee waivers for businesses affected by Covid-19
Any and all late payment fees incurred by our borrowers during the next 60 days will be waived in recognition of the difficult business climate created by Covid-19. Upon request businesses may ask for up to a 60 days of forbearance on loan payments. This should be initiated by reaching out to an account manager, answering a phone-based questionnaire. After that, we will send a formal forbearance notice. Any unmade payments will be added to your loan to be paid at a later date.
Please contact us at bsg@gjdc.org to reach an account manager and for further information.
- Be aware of potential scams. Scammers and cyber-criminals may try to take advantage of your concerns related to COVID-19. They may offer you fake products, medical advice, create fake charities, or compel you to click a fraudulent link to gain access to your device. Please visit the Federal Trade Commission to learn more about how you can avoid a scam.
To discuss how your business can come to Jamaica, stay in Jamaica, and grow in Jamaica, contact our Business Services Group for comprehensive assistance to business owners and aspiring entrepreneurs.
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