We know that our employers and agents are critical resources for members who are working to understand their benefits, researching where they can go for needed help, and trying to live the healthiest lives possible. The information contained in this section is intended to assist you as you navigate these unprecedented times. This content is updated frequently, so check back often for new details.
- May 14th: The SBA Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access a $25,000 loan quickly. These loans are intended to provide economic support to help businesses overcome the temporary loss of revenue due to COVID-19 and or to bridge the gap while applying for a direct SBA Economic Injury Disaster Loan. Download
- May 7th: On April 30, 2020, the Federal Reserve Board expanded the scope and eligibility for the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the COVID-19 (novel coronavirus) pandemic. This Bulletin provides information for you to research how The Main Street Lending Program may provide relief from the economic consequences of the pandemic. The program will now offer more options to a wider set of eligible small and mid-sized businesses. Download
- April 24th: On April 24, 2020, the federal government approved a $484 billion package of additional funding for the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill replenishes two key small business aid programs, the Paycheck Protection Program (PPP) with $310 billion and the Economic Injury Disaster Loan (EIDL) program with $60 billion.
This bulletin provides information from online resources for you to research how the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program may provide relief from the economic consequences of COVID-19. Those eligible for these two programs are encouraged to apply as soon as possible, as there is a cap on these additional federal funds. Download | Español
- April 17th: This bulletin provides an update on the CARES Act pertaining to the recent announcement from the U.S. Small Business Administration. Unfortunately, they are unable to accept new applications at this time for the Paycheck Protection Program (PPP) or the Economic Injury Disaster Loan (EIDL) program. This bulletin also introduces a CARES Act funded Pandemic Unemployment Assistance program for self-employed and those working in the gig economy who have lost income due to COVID-19. Download | Español
- April 13th: The Utah Governor’s Office of Economic Development (GOED) is offering a bridge loan to Utah-based businesses of 50 or fewer employees impacted by the COVID-19 pandemic. This bulletin provides information available at business.utah.gov/utah-leads-together-small-business-bridge-loan-program. Round 2 loan applications must be received by Noon April 16, 2020. Download | Español
- April 9th: The Paycheck Protection Program (PPP) is part of the CARES Act signed on March 27, 2020. There are many online resources available to you for further research. We identify many of these trusted resources here to get you started. Download | Español
- April 7th: This SelectHealth Bulletin: Social Service Resources provides information resources for individuals and families in need of help with food and housing as a consequence of COVID-19. Download | Español
- April 6th: This SelectHealth Bulletin: Introduction to the Coronavirus Aid, Relief and Economic Security (CARES) Act summarized the Act and provides links to Utah, Idaho and Other information that may assist employers in identifying potential sources of relief from the consequences of COVID-19. Download | Español
- April 3rd: The COVID-19 Relief Resources Summary Bulletin highlights reputable information sources for potential relief from the consequences of COVID-19 in four areas, Employment Services, Health Insurance, Healthcare and Social Services and Employer Services. Download | Español