Improving Business in the Wilmington Region

COVID-19 Pertinent Information and Business Recovery Resources

Governor Cooper announced that North Carolina will remain in Safer at Home Phase 3 from October 2nd – at least November 13th, 2020.

Safer at Home: About Phase 3
Under Executive Order 169 and Executive Order 170, North Carolina remains under Phase 3 of lifting COVID-19 restrictions until at least Nov. 13.  Under Phase 3:

Large outdoor venues with seating greater than 10,000 may operate with 7% occupancy for spectators.
Smaller outdoor entertainment venues, such as arenas or amphitheaters, may operate outdoors at 30% of outdoor capacity – or 100 guests, whichever is less.
Movie theaters and conference centers may open indoor spaces to 30% of capacity – or 100 guests, whichever is less.
Bars may operate outdoors at 30% of outdoor capacity – or 100 guests, whichever is less.
Amusement parks may open at 30% occupancy, outdoor attractions only.
The limits on mass gatherings will remain at 25 people indoors and 50 people outdoors.
The 11 p.m. curfew on alcohol sales for in-person consumption in locations such as restaurants and outdoor bars will be extended to Oct. 23.

For an all inclusive State Resource page click COVID-19 WEBPAGE

LOCAL RESOURCES

New Hanover County, visit Health.NHCgov.com/Coronavirus, or call the Public Health Coronavirus Call Center at 910-798-6800,  and follow the county’s trusted social media pages: Twitter, Facebook, Instagram, and Nextdoor  

LOANS

Golden Leaf and the NC Rural Center have just introduced a new loan program called

NC COVID-19 Rapid Recovery Loans

The new product is a rapid recovery loan that is designed to provide businesses with the capital they need before federal loans and insurance payouts are approved. The SBA process is an 8-21 day process. The process for this program is expected to be completed in 4 days (if all the info is provided).  These are 0% interest loans for the first 6 months, so they will be a great bridge option before the federal funds come in.

There is a very easy online application process that starts here.

SBA Loan Overview and Comparison Chart

SBA’s COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION is available here.

Click here for a list of the documents your business will need when applying.

Many small businesses have experienced significant disruptions and providing clear, relevant information to help support their business decisions at this time is critical.  Click here to review detailed resources available through the CARES act for small businesses provided by the US Chamber of Commerce.

ADDITIONAL RESOURCES 

Below is an evolving list of resources to help business and industry navigate through this challenging time.

CARES Act

Business and Industry Resources

Wilmington Business Development Member Support Programs