Arkansas small businesses now eligible for Economic Disaster Loans

A pandemic can strain a small business's financial capacity to make payroll, maintain inventory, and respond to sudden drops in the market. The United States Small Business Administration (“SBA”) works with state governors to provide loans to support small businesses in times of economic disaster. A small business, small agricultural cooperative, small business engaged in aquaculture, or private non-profit organization may borrow up to $2 million for economic injury caused by COVID-19. The interest rate is 3.75% for small businesses and 2.75% for non-profits. [More]

Employers and Coronavirus

The CDC has provided interim guidance for businesses and employers to plan and respond to COVID-19.[5] The CDC will update the interim guidance as needed so employers should periodically check the CDC website for new information.

Sick employees should be actively encouraged to stay home. Employees who have symptoms of acute respiratory illness are recommended to stay home and not come to work until they are free of fever (100.4° F or greater using an oral thermometer), signs of a fever, and any other symptoms for at least 24 hours, without the use of fever-reducing or other symptom-altering medicines. Employees should notify their supervisor and stay home if they are sick. [More]