Resilient Businesses – HELPING SMALL BUSINESSES THRIVE

CARES is a $2.5 Trillion emergency funding to aid the USA survive during the Covid-19 Pandemic. This has a variety of measures that small business and individuals can call on in this crisis.

SBA has posted the guidance for all programs at:
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources



	
		aimnet.org-State Announces Implementation of Unemployment Benefits from Federal CARES Act
	
	
	As the attached reports, the Commonwealth of Massachusetts is beginning to pay out the pandemic unemployment insurance benefit of an additional $600 per week retroactive to March 29.
	

	
		Paycheck-Protection-Program-Frequenty-Asked-Questions
	
	
	The US Treasury released this new guidance on the payroll protection program on 4/7/2020


We are learning that banks are asking for backup documentation along with the applications for this program.  Typically, they are asking for annual 941 and 944 reports or a copy of each of the four quarterly reports.


We have also learned that some payroll services are creating a one page PPP loan application report which automatically cuts out the payroll over $100,000 etc. and gives you your average monthly cost number for filing on the application.  If you have a payroll service, you should go to live and see if they will provide you with a payroll protection program loan application report.  It will cut all kinds of time out of making your application and give you one page to submit as backup documentation.
	

	
		Overall Guide to the CARES Act
	
	
	The Small Business Owner’s
	

	
		PPP Borrower Application Form
	
	
	To apply for SBA Payroll Protection Program
	

	
		Cleaning and Disinfection for Community Facilities
	
	
	Cdc.gov guidelines
Many businesses are trying to operate as best they can using deep cleaning techniques.  Thi is the official statement by the CDC on how cleaning should be done to be effective against the coronavirus.  If you practice these techniques as something happens you should have a viable defense given that you did what was officially stated as being recommended.

It is also recommended that these cleaning processes be used if an employee comes down with coronavirus.
	

	
		ADVISORY: UNEMPLOYMENT INSURANCE PROGRAM
	
	
	This is complicated.  It is the new set of rules the federal government has given to the states for handling unemployment claims.  So many of the rules that we commonly associate with unemployment benefits are changed.  This should help in case questions come up.  At least you can give your employees a copy or try to interpret it for them.

LETTER NO. 14-20 (UIPL_14-20)

	

	
		040220-Thirty-on-Thursday-Webinar-SBA
	
	
	Slides from webinar about
SBA Economic Injury Disaster Loan
Program

Notes about small business surviving in the time of pandemic from a Calfornia VC and founder of 6 businesses:
https://medium.com/@shastaVC/thinking-through-an-economic-contraction-666110798e52
(Disclaimer: this was written by Issac Roth, son of the founder of this site)

This site was developed as part of the Resilient Business Seminar in 2010, sponsored by TNR Global and Hidden-Tech. Given the crazy times caused by the pandemic, it seemed appropriate to retarget the site. The information about the Summit can be found at on a menu item.