COVID-19 Resources2020-03-31T11:23:56-07:00

COVID-19 Resources

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Paycheck Protection Program (PPP)

April 1st, 2020|

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)

April 1st, 2020|

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

April 1st, 2020|

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

March 27th, 2020|

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)

March 25th, 2020|

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 [...]

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