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Posted on: March 18, 2020

Governor Carney Announces HELP to Support DE Small Businesses

Today’s press release announced the Hospitality Emergency Loan Program (HELP) to provide financial relief for restaurants, bars, and other hospitality industry businesses.

  • The no-interest loans are capped at $10,000 per business per month. The money can cover rent, utilities and other unavoidable bills but cannot be used for personnel costs. The loans have a 10-year term with payments deferred for nine months.
  • The Division of Small Business will administer the program using existing state funds and is aiming to have an application available later this week.
  • Businesses can find out if they are eligible by visiting business.delaware.gov/coronavirus

Additionally, today Governor Carney approved the following changes to Delaware’s unemployment benefits program for the hospitality industry:

  • The Department of Labor (DOL) will begin processing unemployment claims as they are received with the goal of benefits becoming available within a week.
  • DOL will allow part time income while collecting benefits as long as employees can demonstrate their decreased hours and earnings.
  • DOL will not classify tipped employees as minimum wage earners as long as their tips are reported as wages.

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