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COVID-19 and its Impact on Your Business

04Apr 20

COVID-19 Update April 4, 2020

Hoping you have sent in your PPP loan documents and are not working on the weekend like me to get all the information needed to apply for these loans! Today the message is short-- we just wanted to give you some updated information. Here are the documents included today: Coronavirus Emergency Loans Small Business Guide and Checklist - This is a quick guide from the US Chamber of commerce of how the Small Business Loan process works (4 pages). It…

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03Apr 20

COVID-19 Update April 3, 2020

Today the mad rush of application for the PPP program began. Somebody posted online that it reminded them of the scene in the movie, “It’s a Wonderful Life”, where everyone was making a run on the local bank because they thought the money would run out. I am showing my age here with that reference; however, our opinion is that you have time to get this in. Please don’t wait a month to get this done, but it doesn’t have…

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02Apr 20

COVID-19 Update April 2, 2020

Teresa and I are proud to have been asked to be the key presenters for a webinar (voice only) hosted by the Hispanic Chamber of Louisiana today. This recording is accessible here for anyone that is brave enough to hear our voices. Hopefully, we were insightful and give good information. The feedback has been positive. The SBA has announced that banks are supposed to start accepting the PPP loans on April 3rd! We know for a fact that Chase has…

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01Apr 20

COVID-19 Update April 1, 2020

Lots of new Information again, today. However, just when we thought we had it figured out, we received the following information from one of our labor attorneys that threw a monkey wrench into the FFMLA leave. Here is what he sent: The DOL just came out with a rule regarding the employer exemption from FFCRA for 50 employees and under. It’s 124 pages, so at this time, I can only provide a summary: Employers with fewer than 50 workers will…

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31Mar 20

COVID-19 Update March 31, 2020

So big news for today, the SBA has released its requirements for the PPP loan (see download below). Still, lots of questions to answer, and we are working with various sources to get the details so you can determine the best course of action for your company and the best way to fill out the information on the application. Remember the new Families First Act goes into effect tomorrow, April 1st, 2020!!! Here are today's downloads and the details of…

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30Mar 20

COVID-19 Update March 29, 2020

Today's update has 5 downloads, here are the explanations for each: Covid-19 Information from the Louisiana Workforce Commission  – This is a brief document giving guidance to workers and employers on how to handle unemployment, reduced work hours or layoffs released last week  by the Louisiana Department of Labor. The CARES act and the PEO relationship – This document from NAPEO verifies that if you are in a PEO relationship, it does not affect your ability to apply for any…

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29Mar 20

COVID-19 Update March 29, 2020

Lots of new info to share to help you get the information needed for these new laws. Here is a summary of the 4 downloads for today: Coronavirus Emergency Loans Small Business Guide and Checklist - This is a quick guide from the US Chamber of commerce of how the Small Business Loan process works. (4 pages) Labor Department COVID-19 Curveball – the agency appears to suggest that employees who cannot work because their businesses are subject to a government…

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