Stimulus bill info for your business

In response to the ongoing COVID-19 emergency, the U.S. Congress has authorized major pieces of legislation, including a $2 Trillion dollar stimulus package, aimed at stymying economic impacts of the crisis. These pieces of legislation, the Family First Coronvirus Relief Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, heavily impact how your business will operate for the next few months. Here we identify the provisions most impactful your business.

New Sick Leave Requirements (FFCRA)
Changes to sick leave and family benefits
Paycheck Protection Program - SBA
Tax Modifications
Expansion of Unemployment
Sector-specific assistance  

Other Resources:
Small business owner's guide to the CARES Act 
Frequently Asked Questions - NSBA
Beware of Lending Scams - NSBA

Please continue to check into this page; as the various federal departments implement the programs, more information will come forth about their implementation and impact. 

If you have any questions please reach out to Eric Kretsch at [email protected]