Check status of Indiv. Stimulas (Economic Impact) pmt - here
Sheboygan County Covid-19 Stats - here
COVID-19 TARGETED EIDL ADVANCE APPLICATION info here
EIDL Loan/Grant - Closed Dec. '20
Concurrent Grant and Loan Applications Under the Cares Act:
I.S. pdf CARES Act overview for organizations here
I.S. pdf What loan? based on my business type here
What employers need to know about Cares Act here
A) SBA ECONOMIC INJURY DISASTER LOAN APPLICATION (EIDL) info and paper application (Quick up to $10K loan) -
On line application --> https://covid19relief.sba.gov/#/ at www.sba.com
Our Example of an EIDL application click here
Working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue
C) SBA Express Bridge Loans- allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork
Or in place of the PPP
EMPLOYEE RETENTION CREDIT - of up to $5000 based on wages paid 3/13/2020- 12/31/20. info
eligible for the credit are wages and employer provided health care costs
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It is best to apply with a bank you have an existing bank relationship with as an SBA Lender
If you have a bank contact we will send your application information to them.
Resource info on loans/grants:
US Chamber Employee Retention Tax Credit Guide
Emergency Loan Guide and payroll calc
Use caution - watch out for Scams: https://www.irs.gov/newsroom/tax-scams-consumer-alerts
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Protect People, Your Team 6/20 Fay Wingrove CPA Resource Links below
Protect People, Your Team 6/20 Fay Wingrove CPA Resource Links below a Stay safe - follow CDC, WHO guidelines
b Communicate with team frequently and with the right specificity
i.work remote option
work remote option Check that employee contact info is current
iiyour co. time off and payment policy
your co. time off and payment policy iiiUnemployment filing
Unemployment filing ivCheck HR Resources, business travel
Check HR Resources, business travel vProtect yourself from undue stress and seek help if needed
Protect yourself from undue stress and seek help if needed 2Lead your organization and (delegate if and where needed)
Lead your organization and (delegate if and where needed) a Determine if your organization fits with the Essential Business Type that can continue. Ck for WI guide.
communicate operation changes - to the public / your customers
b understand local, state, and Federal legislation as it may impact your organization / employees
Fed info
c understand legislation as it may impact your industry
d review and understand your industry/trade association guidance
e determine alternative, creative, innovative solutions
f seek input from your Advisors
Financial Team
BOD/Advisors
Legal Team
3Understand Stress, Liquidity, and have contingencies
Understand Stress, Liquidity, and have contingencies a understand plan options
b Identify variable that will affect revenue and cost.
c understand cash flow plan
d Assess your Options - "rainy day fund" / Line of Credit / Other
e Communicate with your financial institution support team
4Communicate with Vendors
Communicate with Vendors a change of supply needs
b payment deferral requests
c change of service provider needs
d change in leas/rental needs
e Other areas specific to your organization
5Communicate with Customers
Communicate with Customers a Any product or service supply changes
b The post close down processes
Resouces/ info:
Resouces/ info:1bi TeamViewer or Splashtop
1bii your employee manual
2bi US Congress Family first Coronaviru relief bill
2e examples - distilleries making hand sanitizers for alcohol
...for your greater success
800.270.7373
920.457.8007
6 Contingent and Continuation Planning
a review continuation plan
b update and review contingent financial options and scenarios
c Check insurance/agent for business interruption insurance
d Look into a WEDC resources
e Look into a SBA loan resources
f Look into Grant Resource
7 Demonstrate Purpose
Lead as a purposeful example through trying times
