COVID-19 Resources for Westwood Tenants

COVID-19 Resources for Westwood Tenants

In the wake of the Coronavirus outbreak, it is Westwood’s goal to provide information and resources to our tenants to help minimize the impact of the virus. We remain fully operational and committed to work with our tenants through this difficult time. We will continue to regularly update this page with new information.

QUESTIONS ABOUT YOUR STORE OR CENTER?
If you have any questions or concerns about your store or shopping center, please contact your Property Manager directly.


WESTWOOD FINANCIAL ASSISTANCE TASK FORCE
We have set up a task force to help guide you and answer any questions you may have about the financial assistance programs being offered by the Federal Government. Please email us at the following address. Be sure to include your full name, contact information and the Westwood center where you lease space. Please note that all rent relief requests should be initiated directly with your Property Manager.

  • Email us at: COVIDresources@westfin.com

TENANT CONNECT TRAINING PORTAL
This is a private Facebook group exclusively for Westwood tenants. We are actively posting ideas and resources daily to help cope with the crisis. We strongly encourage all our tenants to join.


ADDITIONAL TENANT RESOURCES


REOPENING YOUR BUSINESS AFTER COVID-19


COVID-19 INFORMATION LINKS


Cares Act

UPDATE: 4-21-20
PPP and EIDL get $380 Billion in Additional Funding

Initial $349 billion of funding ran out in 13 days. Don't wait! Applying now is critical to ensuring that your business has a chance of receiving financial assistance.

Approximately $320 billion of the new funding will go to the Paycheck Protection Program, of which about $60 billion will be set aside for smaller banks and community lenders that focus on under-banked neighborhoods and rural areas. The Economic Injury Disaster Loan Program will receive an additional $60 billion, $10 billion of which would be in direct grants.

Many borrowers were being blocked by bank restrictions, such as requiring businesses to be a current customer with an existing deposit, loan account or business line of credit. If you do not have a strong relationship with and existing lender, a qualified local small bank or credit union may be good option, or you can use a lending broker like the ones listed below. These organizations can help you identify the best loan product and facilitate the entire application process.

The Paycheck Protection Program (PPP)
The CARES Act includes a provision called the Paycheck Protection Program (PPP) which provides small businesses and other entities with zero-fee loans of up to $10 million. The Program is intended to be used as a partial revenue replacement to allow deeply affected businesses to get through a period of severe disruption without making drastic changes.

The maximum amount of this loan is 250% of the average monthly payroll costs or up to $10 million with payments deferred for six months. Payroll costs include salaries, wages, retirement contributions, healthcare benefits and other qualifying expenses. Please see a detailed list of payroll expenses in the Emergency Loan Guide.

Borrowers are eligible for loan forgiveness equivalent to the sum spent on the aforementioned payroll costs in addition to rent, certain utilities costs and other covered expenses during the eight-week period after the loan was originated.

To apply, complete the application form below and submit it to any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

Economic Injury Disaster Loan (EIDL) and Loan Advance
The SBA’s EIDL loan program provides small businesses with working capital loans of up to $2 million, including the opportunity to receive up to a $10,000 Advance Grant. The advance funds will be made available within three days of a successful application and will not have to be repaid.


State & Local Resources


ARIZONA | Arizona Department of Health Services

CALIFORNIA | California Dept. of Public Health

COLORADO | Colorado Dept. of Public Health & Environment

FLORIDA | Colorado Dept. of Public Health & Environment

GEORGIA | Georgia Dept. of Public Health

ILLINOIS | Illinois Dept. of Public Health

KANSAS | Kansas Dept. of Health & Environment

NEBRASKA | Nebraska Dept. of Health and Human Services

NEW MEXICO | New Mexico Department of Health

NEW YORK | New York Department of Health

NORTH CAROLINA | North Carolina Dept. of Health and Human Services

SOUTH CAROLINA | South Carolina Dept. of Health and Env. Control

TEXAS | Texas Health and Human Services

TENNESSEE | Tennessee Department of Health

WASHINGTON | Washington State Department of Health

WISCONSIN | Wisconsin Department of Health Services

Other Resources

Documents