COVID-19 Resources
Paycheck Protection Program (PPP)
Understanding the Paycheck Protection Provision (SBA 7(a) Loan Program The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27 provides $349 billion in funding for the Small Business Administration (SBA) in an effort to provide assistance and relief to America’s small businesses struggling under the weight of COVID-19. The Act included a paycheck protection provision [...]
SBA Economic Injury Disaster Loans (EIDL)
Small Businesses Eligible for Disaster Assistance Loans from SBA Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA) after President Trump called for an additional $50 billion in funding to the SBA’s lending program from Congress in response to COVID-19. While the $50 billion has not yet been [...]
Relief Loans for Small Business Owners
SBA Economic Injury Disaster Loan (EIDL) The U.S. Small Business Administration (SBA) is offering low-interest Federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the coronavirus (COVID-19). Here are some facts about the loans: • Small business owners in all U.S. states and territories are currently eligible to apply for such loans. [...]
Families First Coronavirus Response Act
Families First Coronavirus Response Act FFCRA? The FFCRA is the Families First Coronavirus Response Act and it was established to help employers of small and mid-size businesses and their employees during the COVID-19 outbreak. Employers with over 500 employees are exempt from the FFCRA. President Trump signed the bill March 18th, 2020 and the relief will be provided [...]
COVID-19: Changes to Contributions to Individual Retirement Arrangements (IRAs)
COVID-19: CHANGES TO CONTRIBUTIONS TO INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS) What is an IRA and why contribute to an IRA? If you and/or your spouse have compensation you could be eligible for an IRA, but there are a lot of restrictions if you or your spouse are covered by an employer retirement plan. The most common contributors to [...]