What assistance am I eligible for as the owner of a home-based business?
Depending on the nature of your work and company, owners of home-based business may be eligible for the following business and individual supports. A home-based business is a business operated out of a residential property where commercial activity is not zoned to take place.
- Financial Assistance is available from the U.S. Small Business Administration, via Economic Injury Disaster Loans (EIDL) or the new Paycheck Protection Program (PPP).
- You can apply for financing from a private bank.
- If you are an employer, you may be able to make use of New Employee Retention Tax Credit and Potential Deferral of Employer Federal Payroll Taxes under the CARES Act.