EDGE is committed to helping those seeking answers, as well as to protecting health in the community. Below, we’ve begun to compile a list of programs and resources to help businesses navigate this evolving landscape.

Safer at Home Executive Order

To further combat the spread of COVID-19, the City of Memphis is issuing a Safer at Home Order effective 6 p.m. on March 24, 2020 through midnight April 7, 2020 — directing all residents of Memphis to stay inside their homes, and immediately limit all movement outside of their homes beyond what is absolutely necessary to take care of essential needs.

Read more about the order. 

Logo Sba

SBA Disaster Relief

Per recent legislation by Congress, the Small Business Administration (SBA) is making a Disaster Relief Loan available to almost all Small Businesses. The SBA will be lending up to $2 Million to businesses at a 3.75% fixed interest rate with a repayment of up to 30 years.

You can apply here.  

Access all paper forms here

SBA COVID-19 Information

Definition of Economic Injury by the SBA

  • "Businesses can only seek assistance for economic injury (not physical damage) as a result of the incident [COVID 19].  
  • Substantial economic injury occurs when a business concern is unable to meet its obligations as they mature or to pay its ordinary and necessary operating expenses. 
  • Establishing economic injury is a comparison between the financial information from the period in the prior year to the injury period of the current year - this period must be associated to the [IMPACT OF COVID 19] and cannot be attributed to a downturn in local economy or other unrelated issues. 
  • For example, if [employees are unable to work; or major conferences cancelled from which the business received revenues; or if a restaurant experiences substantial reduction in customers due to social distancing or because local or state officials are asking or ordering businesses to temporary close or reduce services (e.g., take out only)] and the business [will] not able to be re-established for two months, the business should consider how long it will take for things to normalize. 
  • If it's three months, the analysis [for a loan would] show the financial data for the same three months of last year and the anticipated financial data for the same period this year.  
  • The loans are not intended to replace lost sales or profits, rather they are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the [IMPACT OF COVID 19] not occurred.  
  • Analyzing a drop in sales, the length of time the business will be impacted, the type of business and typical business cycle of the industry, provides the SBA [loan officers] with the requisite data needed to determine if the economic injury is considered substantial."

Businesses who would like free assistance completing their applications can register by following these steps:

  • Visit www.tsbdc.org
  • Select "Request Free Advising"
  • Select "Local Advising" and Choose Your County
  • Complete the Requested Information (it's a SBA Form 641 for confidential counseling)
  • A business counselor will contact you within 48 hours to set an appointment or start the process over the phone and/or via online video conferencing

If you have additional questions or concerns, call the SBA customer service line at 1-800-659-2955

Greater Memphis Chamber - Business Resources Related to Covid-19

The Greater Memphis Chamber is committed to providing Business Guidance on COVID-19 for the business community. It has provided a wealth of helpful and informative tools, webinars and conference calls to help Memphis area businesses prepare and share information related to the impact of COVID-19. 

More on the IRS COVID-19 Changes - Filing and Payment Deadlines FAQs

Given the #COVID19 outbreak, #IRS is suspending compliance programs temporarily to ease the burden on people facing tax issues.The IRS will also temporarily suspend many collections and enforcement activities.  Visit www.irs.gov/coronavirus for more information. 

Mid-South COVID-19 Regional Response Fund

Hosted by the Community Foundation of Greater Memphis Foundation, the Mid-South COVID-19 Regional Response Fund will provide flexible funding to organizations working with community members who have been impacted by novel Coronavirus and the economic consequences of the outbreak in our region of West Tennessee, eastern Arkansas, and northern Mississippi. The Fund is designed to complement the work of public health officials and expand local capacity to address all aspects of the outbreak as efficiently as possible.


The Centers for Disease Control and Prevention’s COVID-19 Interim Guidance for Business and Employers

Recommended strategies for employers to use now

  • Actively encourage sick employees to stay home
  • Separate sick employees
  • Emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees
  • Perform routine environmental cleaning
  • Advise employees before traveling to take certain steps

CDC Guidance for Hosting Events

Resources for Exporters

The Export Import Bank of the U.S. (EXIM) is committed to fully supporting the U.S. exporting community during this crisis. Their page will be updated with any information about EXIM's response activities.

Preparing Your Office for Remote Work

ProTech Services Group has provided some good information on the Chamber's blog about preparing your office for remote work.

Site Map