Mayor's Letter to Small Businesses/Restaurants

 

 

 

CITY OF STONE MOUNTAIN, GEORGIA

To: Stone Mountain Small Businesses/Restaurants
From: Mayor Patricia Wheeler, City of Stone Mountain
Date: March 20, 2020

Dear friends,

Thank you so much for taking precautions to protect your workers and your customers. At this point, we have been asking that restaurants use hand washing, social distancing, etc. to prevent the spread of COVID-19. Many of you have moved to no in-house dining, with takeout and curbside pick up. Thank you to those who have already taken significant steps to protect our community. If you have not already done so, we are asking that you implement the following changes:

  1. Closure by 9pm
  2. Take out or curbside pickup only
  3. Limit business/leisure/social gatherings to less than 10 people

At this point, we are not mandating compliance but are strongly encouraging and advising. The most recent recommendations strongly encourage a 2 week pause to see if we can slow the spread of COVID-19.

At this time, Governor Kemp has left decisions in the hands of local governments as he initially did with school closures. As we all know, recommendations are fluid and changing so there might be additional restrictions to come at the state level – we just don’t know at this time. In addition, we may need to act at the local or regional level by executive decision.

Governor Kemp has announced that Georgia has been added to the list for SBA relief through the U.S. Small Business Administration: sba.gov\disaster, which is good news for our small businesses. Please see additional information below regarding SBA relief.

Stone Mountain’s small businesses are an integral part of our community – please know that we are aware that what we are asking is a huge sacrifice. Thank you to each of you for what you do for this community. Of course, we will be checking in with you over the next few months to see how you are doing and to have conversations about your plans as we weather this time together. Stone Mountain is a resilient and caring community and I know that we will be there for each other during this time.

Sincerely,

Patricia Wheeler, Mayor

 

SBA Encourages Loan Applications

All of Georgia is now eligible to apply for Small Business Administration (SBA) direct disaster loans up to $2.0 million at rates of 3.75% for terms up to 30 years. Economic injury loans under their disaster program typically cover lost revenues as a result of the disaster.

The SBA is aggressively pushing these loans and strongly encouraging all eligible business to apply online. SBA anticipates a two-three-week approval period by loan officers. Loans under

$25,000 will not require collateral. Please note, these types of businesses are specifically restricted from applying: agricultural enterprises, religious organizations, and gambling, every other small business type should be eligible. Visit the application website at: https:// disasterloan.sba.gov/ela .