Covid19 SBA Loan/Grant Programs – An Overview for Businesses
There are 3 actions that are being recommended for businesses to consider: 1. SBA Disaster Loans (Apply through SBA website, has $10k emergency grant) 2. SBA Payroll Protection Program (Apply through traditional bank…has 2x monthly payroll available as forgivable grant amount) 3. Ask you banker about expanding your existing lines of credit, or other options […]
Families First Coronavirus Response Act (“FFCRA”)
The new FFCRA which was signed into law March 18th, 2020 contains two separate laws, the (1) Emergency Family and Medical Leave Expansion Act (“EFMLEA”) and (2) Emergency Paid Sick Leave Act (“EPSLA”), that impose paid family and sick leave obligations on employers with fewer than 500 employees. The Act will go into effect no later than 15 days […]
