COVID-19 Guide for Your Business

Updates on CARES Act assistance along with resources, analysis, and insights to help your business manage the impact of the novel coronavirus.

PAGE UPDATED JANUARY 21, 2021

COVID-19 GUIDE FOR YOUR BUSINESS

Your Business is Our Priority

Thank you for trusting us to be your financial institution in good times and in challenging times like these. We're working diligently to help you navigate through economic uncertainty.  Whether diving into the latest research, analyzing fast-moving market trends, or delivering expert-driven thought leadership, you can continue to look to us for support.


We’ll be refreshing this page regularly with updates on our response to COVID-19.  We hope you’ll explore our resources, read the insights, talk to your banker, and remember: we’re here to help.


 

 

LAST UPDATED JANUARY 21, 2021

Paycheck Protection Program

The SBA Paycheck Protection Program (PPP) is an initiative offering primarily small businesses access to capital for payroll and other overhead costs. 

We are excited to share that we are now accepting applications online for first and second-time PPP loans in order to help your business.

If you’re thinking of applying, here’s how to prepare:

  • Review the highlights of the program
  • Gather key documents
  • To apply through JPMorgan Chase, you will need an active DDA account. If you don’t have one, click here to get in touch with a representative that can help.

You may want to contact your accountant, attorney or other trusted advisors.

We are not accepting applications for increases for first-time loans at this time.  Please keep checking back for updates.

For full program details, visit SBA.gov and Treasury.gov.





 

LAST UPDATED JANUARY 8, 2021

Loan Forgiveness for the Paycheck Protection Program

We continue to invite clients with a PPP loan to request Forgiveness, generally starting with those who received funding first.

We’re working to get the simpler Form 3508S into our Forgiveness request process because it may help those of you with loans of $50,000 or less, though it’s still some weeks away. As a reminder, Form 3508S requires fewer calculations, and borrowers who qualify to use this form are exempt from reductions in loan Forgiveness amounts based on reductions in FTE employees or salary/hourly wages. If you have a loan that is $50,000 or less, you can wait for us to incorporate the 3508S requirements or use Form 3508EZ or 3508 once you receive your email invitation.

To prepare any Forgiveness request, we encourage you to review our helpful resources below.

Continue to check this page for updates and visit SBA.gov and Treasury.gov for full program details.




 

 

LAST UPDATED JANUARY 15, 2021

COVID-19 Emergency Rental Assistance

The Emergency Rental Assistance appropriates $25 billion through the Treasury to states, US Territories, tribes, and large cities (“grantees”) to provide financial assistance and housing stability services to eligible rental households. 


 

 

LAST UPDATED DECEMBER 3, 2020

Main Street Lending Program

 



LAST UPDATED APRIL 16, 2020

Coronavirus Aid, Relief & Economic Security Act

The CARES Act was signed into law on March 27, 2020 providing $2.2 trillion in emergency assistance for individuals and businesses affected by COVID-19. 

CARES Act COVID-19 Assistance for Business April 16, 2020

Commitment to Communities

We know that managing the global impact of COVID-19 is about more than helping you manage your balance sheet. We’re also doing our part to help communities recover in the face of uncertainty. That’s why JPMorgan Chase has committed $50 million to address immediate public health and long-term economic challenges from the COVID-19 global pandemic.

Our initial $15 million commitment includes:

$5 million

to provide immediate healthcare, food and other humanitarian reief globally

$2 million

to existing nonprofit partners around the world that are responding to the COVID-19 crisis in their comunities

$8 million

to assist small businesses vulnerable to significant economic hardships inthe U.S., China and Europe

 

Business Resiliency and Fraud Protection Insights

Keep your business running with tips and best practices.

Market and Economic Update Insights

Stay up to date on our latest research and anaylsis.

Get in Touch and Stay Informed

To route you appropriately, if your business has revenues of $20 million or above, please submit contact information in the fields below. For smaller businesses, please visit chase.com/PPP.

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