Paycheck Protection Program Loans Now Available
The $349 billion in federal loans allocated for small businesses are now available. For those of you who have not yet looked into these loans, here's what to do:
1. Be prepared. Visit SBAM's website for the latest guidelines, FAQs and the application.
3. Call your own financial institution first and ask them if they will be participating in the Paycheck Protection Program loans. We are hearing that some lenders are accepting applications today, but that others will not be ready until Monday. If you need assistance finding a lender, click here. If you have to wait until Monday, spend the weekend gathering the required documents.
Special Webinar Series
Webinar: Understanding the PPP Loan
Monday, April 6, 2020
Noon - 1:00pm
Webinar: Risks & Recommendations for a Remote Workforce
Presented by NuWave Technology Partners & the American Society of Employers
Thursday, April 9, 2020
Noon - 1:00pm
3/26/20 Executive Order 2020-21 Q&A
Q: Are golf courses allowed to stay open?
A: No. While EO 2020-21 contemplates outdoor activity, opening a golf course to the public does not fall under the designation of critical infrastructure. Consequently, a golf course may not designate employees as critical infrastructure employees and authorize them come to work
However please still refer to section 4b.
For purposes of this order, workers who are necessary to conduct minimum basic operations are those whose in-person presence is strictly necessary to allow the business or operation to maintain the value of inventory and equipment, care for animals, ensure security, process transactions (including payroll and employee benefits), or facilitate the ability of other workers to work remotely.
Businesses and operations must determine which of their workers are necessary to conduct minimum basic operations and inform such workers of that designation. Businesses and operations must make such designations in writing, whether by electronic message, public website, or other appropriate means. Such designations, however, may be made orally until March 31, 2020 at 11:59 pm.
HERE IS TEMPLATE LANGUAGE FOR DESIGNATED ESSENTIAL PERSONNEL