last updated 04/29/2020 10:30am ET / 9:30am CT / 7:30am PT
To our members and the wider cooperative community. We are thinking about you and strategizing about how best to support your businesses and people during the evolving situation. We know that at this point, many of us are receiving information from a multitude of sources, which can feel overwhelming. The USFWC is actively working to curate resources for your businesses to access in the easiest way possible.
We know this is a critical time, and that having organized resources at your fingertips will make a difference in your planning. We encourage all of our members, partners, and allies to prepare their workers and track their losses so that it is as easy as possible to access relief assistance. We will be here along the way to inform, organize, strategize and fight back. We will update information on this page regularly, so be sure to check back for updates.
Do you have resources or samples you would like to share? Do you have a plan for your cooperative you think other coops could benefit from? Please e-mail them to firstname.lastname@example.org.
With solidarity and care,
The U.S. Federation of Worker Cooperatives team
Have a question that you don't see here? Email us at email@example.com
Worker Co-ops during COVID-19
- How is your co-op pivoting during this crisis?
- What is your team doing to adapt and connect?
- Did you receive relief funding through the SBA or otherwise?
Share your experiences with us, to aid the USFWC's advocacy efforts and programming.
Cooperative Development Foundation Disaster Fund
The Disaster Recovery Fund helps cooperatives and cooperators get back on their feet after disasters or other emergency hardship situations.
Emergency Loan Fund | Shared Capital Cooperative
Is your co-op facing challenges due to COVID-19 business disruption or closure? Shared Capital is offering emergency loans to cooperatives.
Cooperative Fund of New England | COVID-19 Co-op Emergency Fund & Resources
The Cooperative Fund of New England is making available a $1M Emergency Cooperative Enterprise Relief Loan Fund for cooperatives in New England and parts of New York State who are seeing a dramatic loss of customers and revenue as a result of the COVID-19 pandemic. We are also offering a 60-day suspension of payments to our borrowers that are at highest risk and greatest need. If your co-op is struggling as a result of the pandemic, please reach out to us. To support the fund, donate here or request a prospectus.
Applications for the Paycheck Protection program are now open again. Contact your local lender as soon as possible - we expect funds to run out during the week of April 27.
Is your lender unfamiliar with worker co-ops? Here's a few resources from the USFWC:
- USFWC Lender and Provider Guide for Worker Co-op Support during COVID-19
- Letter to clarify eligibility of cooperatives for the EIDL and PPP
- Letter to support workplaces whose workers report earnings using the Schedule K-1 or Form 1099
Paycheck Protection Program - apply ASAP - funds are expected to run out soon
4/29/20: EIDL is currently closed to new applicants because of exhausted funds. Existing applications will be addressed on a first-come-first-serve basis.
Small Business Development Center Support
We also suggest you check with your local Small Business Development Center - these local staff will have the latest information for your state and region, and the most up-to-date information from the SBA. For instance, Temple’s SBDC in Philadelphia offers virtual consulting via Zoom every weekday from 3-5pm.
The SBA has run out of funds for the Economic Injury Disaster Loan and will soon for the Paycheck Protection Program. Write to your legislator today to urge them to add additional funds to these critical programs.
- Look for the orange "FA$TRK (Small Loan Express)” markers for mostly community banks & credit unions.
- Or look for the purple “Community Advantage Initiative” markers for nonprofit lenders.
- The darker the underlying green dot, the more active that lender has been.
Still can’t find another 7(a) lender near you?
On this map, look for the yellow credit union dots or the blue banks, all authorized PPP lenders as of today if they weren't on the first map already.
All that said, smaller banks, smaller credit unions & nonprofit lenders do face a lot of constraints to rapidly ramping up their lending. Not impossible to overcome, but something to bear in mind.
- COVID-19 and the Cooperative Business Community | NCBA CLUSA
- Managing your finances during a crisis | Shared Capital Cooperative / NCBA CLUSA / USFWC / Southern Federation of Cooperatives / NCB
- COVID-19 Legislative Updates that Employers Need to Know | Wegner CPAs
- COVID-19 Business Q&A | Wegner CPAs
- COVID-19 Response Call | Network of Bay Area Worker Cooperatives (NoBAWC )
- What can I do to protect myself from COVID-19? | Center for Disease Control
- COVID-19 Stop the Spread of Germs | Center for Disease Control
- Disability considerations during #COVID19 | World Health Organization
- Coronavirus and Employment Law | Dorsey & Whitney LLP
- Coronavirus and Contract Performance | Dorsey & Whitney LLP
- Answering 20 Questions about COVID-19 | Center for Disease Control and Prevention
Resources are available for download or are linked in English and Spanish.
Click in the "i" icon to read a brief description of the resource.
Click here for state-by-state links to various unemployment programs for employers, workers, and freelancer/self-employed/gig workers. Programs include workshare, unemployment insurance, and pandemic unemployment assistance (PUA).