Small Businesses

Small Businesses

Federal and State Economic Injury Disaster Program

Special Information about Unemployment Insurance, Pandemic Unemployment Insurance and Health Insurance

Unemployment Insurance: Arkansas Department of Workforce Services’ Easy Arkansas Claims Site: The center will be open 7 days per week. ADWS has all hands on deck, processing unemployment claims, So far, 170,000 claims have been processed in Arkansas.

Paycheck Protection Program and Health Care Enhancement Act signed by President Trump, provides about $484 billion in total funding.

Pandemic Unemployment Assistance (federal unemployment due to COVID) Federal unemployment dollars, specifically the system they’re working to upgrade to be able to pay the newly eligible citizens for unemployment, is expected to be functional and disbursing funds by the end of the month.

Arkansas Insurance Department: If you lost your job and health insurance you may qualify for health insurance through the State of Arkansas. Individuals may call the Arkansas Health Insurance Marketplace, 844-355-3262 M-F 8:00 a.m. - 4:30 p.m. or on the Web at 


The Small Business Administration (SBA) Economic Injury Disaster Loan program has been made available to eligible businesses and private nonprofits that were impacted by the Coronavirus (COVID-19). Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private nonprofit organizations in designated counties of the state (county by county). SBA's Office of Disaster Assistance will coordinate with the State to submit the request for Economic Injury Disaster Loan Assistance.

These working capital loans of up to $2 million can be used to pay fixed debts, payroll, and other bills that can't be paid because of the disaster's impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower's ability to repay.

In order to receive an economic injury declaration, Arkansas must show that small businesses within individual counties have suffered substantial economic injury as a result of the disaster, and are in need of financial assistance not otherwise available on reasonable terms. The method to determine impacts of the disaster is through the collection of Economic Injury Disaster Loan worksheets. These worksheets provide an estimated economic impact of each business affected.

The Estimated Adverse Economic Impact Section of the Economic Injury Worksheet needs to be fully completed, with all questions answered regarding business revenues, whether there was any business interruption insurance, as well as the comments section. The comments section should indicate that the economic impacts are a direct result of COVID-19. The established incident start date is January 31, 2020. The completion of this worksheet is not an application for an SBA loan; however, the completion and submittal of the worksheet to the Arkansas Division of Emergency Management will assist the state in receiving a declaration from SBA.

Economic Injury Worksheet

Please return the completed form to the Arkansas Division of Emergency Management at The timely submission of the worksheets will assist in a timely SBA declaration of each county. Once a declaration is made for designated areas within the state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on the SBA and ADEM websites. Please send any questions and completed worksheets you may have to

On March 18, Arkansas Governor Asa Hutchinson announced that the state will allocate $12 million in block grant money and up to $4 million from the quick-action fund to provide bridge loans to help midsize companies and nonprofits stay afloat during the COVID-19 pandemic. For details on how to apply, click here: