The European American Chamber of Commerce Carolinas provides its members with timely and relevant information, resources and support on matters affecting business activities between Europe and the U.S.

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Covid19 Resources

With daily updates about the economic impact of the Coronavirus (COVID-19) on businesses and questions about the relief offered by the U.S. Government agencies, EACC has put together an overview of state and federal relief available to offset economic losses.

Programs available for relief funding are:

  1. The CARES Act for Small Businesses,by the U.S. Department of Treasury: The Paycheck Protection Program (under the CARES Act) is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. This resource also includes the necessary application forms.
  2. Economic Injury Disaster Loan Emergency Advance,by the U.S. Small Business Administration: This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
  3. Paycheck Protection Programby the U.S. Small Business Administration: An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

South Carolina programs available for relief funding are:

  1. SBA Loan Guaranty Programs, banks and other lending institutions offer a number of SBA guaranteed loan programs to assist small businesses. While SBA itself does not make loans, it does guarantee loans made to small businesses by private and other institutions.
  2. COVID-19 Support Payments, by SC Executive Order 202022: Businesses in our state who have been compelled to place their employees on furlough (i.e., a temporary period of time during which an employee performs no personal services for the employer as a result of a layoff caused by the economic impacts of COVID‐19) may also receive unemployment insurance (UI) benefits. The Governor’s Executive Order clears the way for employers – who choose to take advantage of this voluntary option – to make these COVID‐19 Support Payments without such payments affecting their employees’ eligibility for UI benefits.

A great source of information is offered by the SC Carolina Department of Commerce:

South Carolina Department of Commerce/Emergency Support Function 24 COVID-19 Business Resource Center

If you have questions or need assistance applying for the above relief programs, we encourage you to reach out to the EACC.

To learn more about the resources offered by our EACC-Carolinas Members, please visit MEMBER RESOURCES.