TEA Connect Blog

02 April 2020

Help for businesses hit by the coronavirus crisis

Below is a compilation of resources and links that can be of material use to many TEA member companies and small businesses in the attractions industry.

We are sharing links to these resources as part of our mission to serve TEA's global community. Check back for updates.

If you have information to add to this page, please send a brief summary and link to Judith Rubin.


United States  California  Florida   Germany   EMEA   The Netherlands   UK



Treasury Dept. Payroll Protection Program (US)



SBA and related (US)

Small Business Adminstration (SBA)

All business owners can apply for $10,000 cash immediately via https://covid19relief.sba.gov/# This is a simple process, but requires some very specific financial info. (Easily pulled from a Quickbooks P&L report.) Note that not all businesses will fit into the available categories - according to SBA simply pick whatever is closest. 

SBA 504 loan - It is reported that for businesses that own their own property, and financed them through an SBA 504 loan, the SBA is forgiving payments on those loans for the next six months. This process is said to be automatic with no application required. The SBA will simply not “pull” the payment. Verify this with your banker - reportedly, CDC recommends that you reject any ACH payment pulls beginning with the April 1, 2020 payment through the September 1, 2020 payment.  You would resume the normal ACH pull by your SBA representative bank beginning October 1, 2020.  

7A+ loan (also called the Paycheck Protection Program): This is an SBA loan made through a bank/lender, so it will help to have a relationship with an SBA lender already.

EIDL (Emergency Injury Disaster Loan). This is a loan directly from the government through the SBA.

Note that the 7A+ loan is for 2.5 months of payroll. If you do not have layoffs, and you spend the money within 2 months, the federal government will entirely forgive the balance of the loan that has been spent! The EIDL loan, on the other hand, must be repaid, starting after one year.

The 7A+ loan is not yet fully released. Lenders will have information by the end of the week. If you apply for and are approved for an EIDL loan, you will likely have to fold it into, or refinance it into, the 7A+ loan. 

Some points of clarification on the EIDL Loan:

• It is highly recommended that you submit the loan application online for faster processing.

• The SBA program is a Working Capital loan to help cover payroll, accounts payable (vendor bills) and debt payments. It is not intended to cover loss of revenue and profits. Therefore, you do not have to calculate the adverse effect on monthly profits due to the Coronavirus, as of now and into the future.

• You do not request a loan amount. The SBA will determine your financial needs and your ability to repay the loan based on the information/documentation provided in the loan application. Accordingly, if approved for a loan, the SBA will tell you the amount. You may accept the amount as stated or a lower amount, or say no thanks. There are no upfront frees (no points or origination fees like a bank loan) and no fees for submitting the application, even if you say “no thanks”.

• Because of the uncertainty of how long the Coronavirus will adversely affect businesses, if you are approved for a loan now, but find you need additional financing in the future, another request may be submitted.

• The first monthly payment on a loan is deferred for 12 months. Interest at the rate of 3.75% will be charged from the date the loan funds are disbursed to you.

• There are no prepayment penalties or fees.

• Tax returns are not required if the expected loan amount is under $500,000 (in my opinion, it is best to submit required tax returns regardless of the expected loan amount to prevent delays in the approval process).

Here are the certifications you have to make for the 7A+ Loan:

• Current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.

• The funds will be used to retain workers and maintain payroll or make mortgage payments, lease payments, and utility payments; I understand that if the funds are used for unauthorized purposes, the federal government may pursue criminal fraud charges.

• Documentation verifying the number of full-time equivalent employees on payroll as well as the dollar amounts of payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities for the eight week period following this loan will be provided to the lender.

• Loan forgiveness will be provided for the sum of documented payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities. Due to likely high subscription, it is anticipated that not more than twenty-five percent (25%) of the forgiven amount may be for non-payroll costs.

• During the period beginning on February 15, 2020 and ending on December 31, 2020, the Applicant has not and will not receive another loan under this program.

• I further certify that the information provided in this application and the information that I have provided in all supporting documents and forms is true and accurate. I realize that knowingly making a false statement to obtain a guaranteed loan from SBA is punishable under 18 USC 1001 and 3571 by imprisonment of not more than five years and/or a fine of up to $250,000; under 15 USC 645 by imprisonment of not more than two years and/or a fine of not more than $5,000; and, if submitted to a Federally insured institution, under 18 USC 1014 by imprisonment of not more than thirty years and/or a fine of not more than $1,000,000.

• I acknowledge that the lender will calculate the eligible loan amount using tax documents I have submitted. I affirm that these tax documents are identical to those I submitted to the IRS. I also understand, acknowledge and agree that the Lender can share the tax information with SBA’s authorized representatives, including authorized representatives of the SBA Office of Inspector General, for the purpose of compliance with SBA Loan Program Requirements and all SBA reviews.

The steps are below for the SBA:

• Register Online:



Here is the type of information that the client will need to complete an SBA Disaster Assistance EIDL application:

• Loan application (SBA Form 5), completed and signed (this is electronic/online in the portal)

• Tax Information Authorization (IRS Form 4506-T), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, parent companies, business partners, subsidiaries, and/or other businesses with common ownership or management

• Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available – If the most recent Federal income tax return has not been filed, a year-end profit and loss statement and balance sheet for that tax year is acceptable.

• Personal Financial Statement (SBA Form 413) completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member

• Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used)

• A current year-to-date profit and loss statement

• Additional Filing Requirements (SBA Form 1368) providing monthly sales figures

For the SBA Disaster Loans, Other Resources need to be explored first and a 660 Credit Score required and collateral required for a loan of $25,000 or more. [subject to waiving, due to Federal stimulus].


Other resources - state of california

• Business Insurance Policies

• EDD – Employer and Employee Resources 


• IBANK website https://www.ibank.ca.gov/small-business-finance-center/

California also offers small business loan programs to support small businesses:

IBank offers loan programs for businesses affected by disasters in California. IBank, a unit within California Governor’s Office of Business and Economic Development (GO-Biz), offers the following loan programs for businesses from one to 750 employees (small businesses):


IBank will issue loan guarantees up to 95 percent of the loan through its partner Financial Development Corporations to help small business borrowers who were impacted by disasters or public safety power shutoffs and who need term loans or lines of credit for working capital. Small businesses, including small farms, nurseries, agriculture-related enterprises and nonprofits that have suffered an economic loss Resources for Businesses and/or physical damage may apply. This disaster program will help lenders and small businesses by providing loan guarantees of up to $1 million for small business borrowers in declared disaster areas.


IBank is offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program. IBank established the Jump Start Loan Program in 2016 as a small loan and financial literacy/technical assistance program designed for low-income small businesses in low-wealth communities, including businesses owned by women, minorities, veterans, people with disabilities and those previously incarcerated. Access to IBank’s Disaster Relief Loan Guarantee Program and Jump Start Loan Program can be made through its partner Financial Development Corporations (FDCs) 

For more information on how to apply, visit the IBANK website. https://www.ibank.ca.gov/small-business-finance-center/

Here is the link to the recording of a presentation we watched last week. There are a lot of technical glitches, especially at the beginning, but there is some helpful info sprinkled throughout. They are supposed to send the deck of the presentation as well, but I haven’t received it yet.


Here is a link from the EDD regarding reduced work hours etc.. 

For your reference, it contains info both for Employees,


and for Employers too, with programs that might help hold off layoffs being necessary. 


Also the SBDC can help you prepare the loan docs for free (if you need to re-submit):



LAEDC has daily been compiling and updating a COVID-19 resource page on their LAEDC website which you can reach at the following link. It contains helpful information from our federal state and local governments. https://laedc.org/coronavirus 

Other immediate help 

Work Sharing: This State of California program provides an alternative to layoffs, for those businesses with reduced work or available production. 


Paid Family Leave: Employees who need leave to take care of children or family issues can also apply for Paid Family Leave (PFL) through State of California EDD. Use this link to register online. Do not call — the phone lines are swamped. Use the online application: 


Non-traditional loan programs are available to assist businesses. Please email LAEDC for details. Include your business name and city where the business is located so LAEDC can assign a regional manager to followup with you. 

California IBank is another source for emergency loans, via Pacific Coast Small Business Development Corp. 

Please visit LAEDC’s COVID-19 response page at https://laedc.org/coronavirus , which we are updating frequently, for more information. 

Remember, businesses which are experiencing significant economic harm can contact LAEDC for strategic assistance, confidentially and at no cost, as part of LAEDC’s nonprofit mission. Email LAEDC: [email protected] 

Read more at LAEDC.org

– www.opportunityfund.org

The SBDC (Small Business Development Center) has been a very useful resource to us for 10 years now. We highly recommend contacting your local office if you are not already familiar with them. IT IS FREE! The service is paid for by your state taxes. https://smallbizla.org They have posted a disaster resources page with lots of helpful information: https://smallbizla.org/covid19-response-guide/

California Employeers Association:




Other resources - state of florida

The following information was shared by the Florida Attractions Association:

As a part of the CARES Act, the SBA's Payroll Protection Program is scheduled to begin accepting applications tomorrow (Friday, April 3, 2020). If you anticipate applying for this "forgivable" loan, you should already have identified an SBA-approved financial institution to work with. The loans may be used to cover payroll costs, employee salaries, group health care benefits, mortgage interest (principal excluded), rent and utilities, and interest on any other debt incurred before Feb. 15, 2020.

All the rules of the program by SBA were scheduled to be finalized yesterday and are still being vetted. There is an application and a start date, but that is all subject to change. Consult with your lender and the SBA website.

Other loan programs are also available, including:



Federal loan program 



Government support measures and funds -  Google Docs spreadsheet via IAAPA


The Netherlands



Posted by Judith Rubin



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