Company Properties Investors Transactions Contact Tenant Portal COVID-19 Resources for Tenants March 24, 2021 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. If you have any questions or concerns about your store or shopping center, please contact your Property Manager directly. Restaurant Revitilization Fund Eligible restaurants can expect grants that match their pandemic-related revenue loss, calculated by taking their revenue in 2019 and subtracting 2020 revenue and any PPP loan monies received. Click here for more information. Payroll Protection Program The Small Business Administration is now accepting applications for the second round of the Paycheck Protection Loan Program. You can apply through any existing SBA 7(a) lender. Check with your local lender as to whether it is participating in the program. Click here for a list of the 100 most active SBA 7(a) lenders. You can begin preparing by downloading one of the following applications. This will prepare you for the information that will be requested from you when you apply with a lender. More detailed information is now available on the SBA.gov website PPP First Draw Borrower Application Form (revised 01-08-21) PPP Second Draw Borrower Application Form (01-08-21) If you have specific questions, please contact us at COVIDresources@westfin.com. Our Financial Assistance Task Force is ready to help! Be sure to include your full name, contact information and the center where you lease space. Highlighted PPP Changes Program applications are being accepted through March 31, 2021 Second-draw loans are available for businesses with under 300 employees Businesses eligible for PPP loans has been expanded Loan limitations have been expanded for certain businesses Forgiveness for loans under $150K have a new, simplified one-page application Group health insurance benefits are now included in payroll costs Eligible expenses for forgiveness have been expanded Borrowers may choose a covered period that is any period of time between eight and 24 weeks Funding has been set-aside for community lenders (CDFIs and MDIs) and business that operate in low-income areas Interest rates on PPP loans are non-compounding and non-adjustable PPP loans are not taxable and forgiven expenses are tax-deductible PPP Loan Eligibility Businesses eligible for first- and second-draw PPP loans include sole proprietors; independent contractors; self-employed individuals; certain non-profits; seasonal employers; faith-based organizations and housing cooperatives. Specific guidelines for first- and second-draw loans are listed below. First-draw loan eligibility • Less than 500 full-time, part-time, or seasonal employees • Business was in operation before 2/15/2020 and remains in operation Second-draw loan eligibility • Less than 300 full-time, part-time, or seasonal employees; if you have multiple locations, you may not have more than 300 employees per location • Demonstrate a revenue reduction of at least 25% in the first, second, or third quarter of 2020 (when compared with the same quarter in 2019) • Have used or will use the full amount of the first-draw PPP • Business was in operation before 2/15/2020 and remains in operation PPP Loan Limitations The maximum amount for a first-draw PPP loan is the lessor of: • 2.5 times the average monthly payroll and healthcare costs • $10 million, whichever is less The maximum amount for a second-draw PPP loan is the lessor of: • 2.5 times the average monthly payroll and healthcare costs in the year prior to when the loan was received or within the calendar year • 3.5 times the average monthly payroll and healthcare costs in the year prior to when the loan was received or within the calendar year for any NAICS Code 72 business which consist of and entertainment businesses like restaurants, hotels, and casinos • $2 million Westwood’s Resource Network is a private Facebook group exclusively for Westwood tenants. Exchange ideas and discover resources to help grow your business. New information is added weekly. Click here to join. Financial Resources Credibly Facebook Small Business Grants Program Fountainhead Fundera Google Ad credits for Small & Medium-sized Businesses James Beard Foundation Food & Beverage Industry Relief Fund Kabbage Lendio Paycheck Protection Program Loan Forgiveness SBA Funding and SBA Loan Group Small Business Administration Funding Options Yelp’s COVID-19 Response and Support for Local Businesses Industry Resource Links American Barber Association American Dental Association American Medical Association American Veterinary Medical Association Dining Advantage Partnership Int’l Council of Shopping Centers Int’l Health, Racquet, and Sportsclub Association Int’l SPA Association National Restaurant Association Retail Industry Leaders Association COVID-19 Information Links Center for Disease Control Coronavirus.gov OSHA State-by-State Business Reopening Guidance World Health Organization Resources by State ARIZONA | Arizona Department of Health Services PMHDC | PPEP Microbusiness & Housing Development Corp. Loans CALIFORNIA | California Dept. of Public Health Small Business Loan Program & Disaster Relief Loan Program Sacramento Small Business Economic Relief Loan Program LA CARES Corps – Connecting LA Businesses to SBA Loans COLORADO | Colorado Dept. of Public Health & Environment Small Business Emergency Relief Denver Economic Development FLORIDA | Colorado Dept. of Public Health & Environment GEORGIA | Georgia Dept. of Public Health Invest Atlanta Small Business Loan Programs ILLINOIS | Illinois Dept. of Public Health KANSAS | Kansas Dept. of Health & Environment Small Business Development Center NEW MEXICO | New Mexico Department of Health NEW YORK | New York Department of Health NORTH CAROLINA | North Carolina Dept. of Health and Human Services North Carolina COVID-19 Rapid Recovery for Small Businesses SOUTH CAROLINA | South Carolina Dept. of Health and Env. Control TEXAS | Texas Health and Human Services City of Dallas Small Business Loan Information Greater Houston Business Recovery Center TENNESSEE | Tennessee Department of Health WASHINGTON | Washington State Department of Health Financial Resources WISCONSIN | Wisconsin Department of Health Services Documents COVID Tips for Retailers Partnering with Food Delivery Services How to Claim a Google Bus. Listing Westwood Property Manager List COMPANY PROPERTIES INVESTORS TRANSACTIONS CONTACT NEWS CAREERS in tw instagram Facebook CALBRE LICENSE #02040930 | COPYRIGHT © 2021 | ALL RIGHTS RESERVED | PRIVACY POLICY