Small business owners, please take a look at the following documents:
As of 4-3-2020
- Information directly from the Department of the Treasury about the PPP loan – look specifically at the top-line overview and the Borrower Information Sheet https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
This is information we have as of 3-31-2020
- The Small Business Owner’s Guide to the CARES Act is a helpful resource to know your options. click here:The Small Business Owners’ Guide to the CARES Act
- The ADP COVID-19 FAQs is an extremely comprehensive guide to an employer’s responsibilities and options under the new laws. click here:ADP COVID-19 FAQ
- The US Chamber of Commerce Small Business Guide to Emergency Loans is also a great resource for the PPP loan. click here:Small Business Loans COVID – 19 Guide & Checklist
- Certain employers are now required to post the Families First Coronavirus Response Act Notice. Here is a link to the notice: https://www.dol.gov/sites/dolgov/files/WHD/posters/FFCRA_Poster_WH1422_Non-Federal.pdf Here is more information about the notice: https://www.dol.gov/agencies/whd/pandemic/ffcra-poster-questions
- Click here :EIDL & PPP Comparison for a great side by side comparison of the two loans offered by the SBA, EIDL and PPP.
