A Word From The Chairman

Hello Fellow Members,

I wanted to reach out to our community and inform you all of the following during these unprecedented times we are in right now. It’s my hope that small businesses and individuals can benefit from the resources that are now available, and that we can ALL come out the other side of this together and even stronger than before.

The recent announcement by Governor Ducey limiting the operations of certain businesses to slow the spread of COVID-19 in the Mohave County area. This is solely to protect the individuals of our community, and keep a safe environment as Mohave County is unique in a couple of ways. We have a large elderly population, and we sit in between Las Vegas, Phoenix, and California, and because of this, we must take care to protect our elderly citizens.

If you have questions on what is considered an “Essential Business”, please visit the website listed below for a complete list of businesses and services that are allowed to maintain operations and stay open during this time.


As most of you probably already know, on Wednesday, The Senate passed a $2 trillion stimulus package to stabilize the American economy during the Coronavirus crisis.


  • Eligible businesses would be able to defer their payroll taxes until 2021 and receive small-business loans to continue paying employees. Nicole Kaeding, the vice president of policy promotion and an economist at the National Taxpayers Union Foundation, told Business Insider that employers could delay paying payroll taxes for 2020, then pay 50% in 2021 and the other 50% in 2022.

  • The $2 trillion stimulus package passed by Congress late Wednesday, which includes more than $370 billion for small businesses could bring much-needed help. The bill will allow banks to lend directly to businesses, and those loans will be backed by the Small Business Administration. And although there are restrictions, some of the terms are less onerous than other programs administered by the S.B.A.

  • Under the new program, individual lenders will be able to use their own paperwork to process loans and can expect S.B.A. approval within two weeks. Banks will not disburse the loans until the S.B.A. assures them that each is fully guaranteed against default.

  • Unlike other S.B.A.-backed loans, business owners won’t have to provide personal guarantees or use all their available assets — from real estate to equipment — as collateral. There are no fees, and interest rates are capped at 4 percent.

Most, if not all of us will be (if not already) affected by closing our businesses. The government is working very hard to help the small business owners and its employees during this time by offering SBA loans. You may refer back to the email sent out yesterday for more detailed information on applying for these loans.

For a large collection of resources and more information for homeowners, employees, small businesses, students and others struggling financially or with limited resources as a result of the Coronavirus pandemic, you can now tap into a large collection of growing resources at ArizonaTogether.org.

There are links to dozens of businesses, government agencies, nonprofits and others stepping up to help get workers reemployed, businesses stay afloat, assist homeowners with monthly bills, and more. Among the resources found through the website are low interest loans for small businesses, and nonprofits. Small businesses, and nonprofits in Arizona with losses that have occurred due to the Coronavirus crisis can apply for low-interest loans to keep operations running and employees paid.

Affected companies may apply for up to $2 million through the U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan Program. For additional information about the loan program, visit: SBA.gov/Disaster.

Banking assistance for businesses, and households.

Nearly all financial institutions serving Arizona consumers and small businesses have enacted policies to respond to the Coronavirus outbreak. Most ask that customers or businesses contact customer service if they are unable to pay bills or are facing hardship due to the virus.

A number of banks offering assistance include: 

  • Bank of America – Customers who need help can contact the Client Assistance Program. For those facing financial hardship, the bank will work on a case-by-case basis to find a solution. For those who need help making credit card payments on time, they can submit an online request for a payment deferral.

  • Capital One – Customers are encouraged to use digital banking tools. If customers are facing financial difficulty due to COVID-19, they should contact the bank’s customer support as customers may be eligible for assistance such as minimum payment assistance, deferred loan assistance or fee suppression.

  • Chase – Customers are encouraged to use digital banking tools. If customers are facing financial difficulty due to COVID-19, they should contact the bank’s customer support number. In the past, Chase has supported customers, including small businesses, through times of crisis by issuing fee waivers, changing due dates, and extending credit lines. As of right now, Chase will work with customers on an individual basis to determine financial assistance.

  • Citibank – Through April 9, customers can contact Citibank for assistance that includes fee waivers, waived penalties and credit line increases. Bankers are also available for extended hours to support small business customers.

  • WaFd Bank – All WaFd Arizona branches are offering small businesses affected by the coronavirus lines of credit of up to $200,000 interest-free for 90 days. The bank will also expedite the processing of new credit applications for companies in operation for at least two-years that demonstrate at least a ten percent revenue reduction due to the coronavirus.

Major utilities, cable and cell phone providers helping customers.

Major utilities, internet and cellphone companies, government agencies and other corporations and nonprofits are also offering assistance such as waiving late fees, not charging for data overage and reducing minimum payment amounts. More information can be accessed through the website at Arizona Together.

For restaurants and small businesses hit hardest by the sudden downturn, something as simple as purchasing a gift card, merchandise, or a takeout dinner can help.

List of Restaurants offering Carryout:

Most importantly, take care of yourself and your family. I know this is a challenging time for ALL of us, but we WILL get through this and we will be better because of it. If any of you need additional help that these resources are not able to provide, please reach out to us so we can put our heads together and work to find a solution. It is so important to note that we are all here for each other and helping as much as possible. If anyone has any creative and positive ideas that may help businesses stay afloat during this time, we encourage you to share!


John Hassett