SMALL BUSINESS PAYCHECK PROTECTION PROGRAM

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM

The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Fully Forgiven Funds are provided in the form of loans that will be...
Coronavirus Aid, Relief, and Economic Security Act  (CARES Act)

SBA lending available for COVID-19 affected businesses

SBA released a COVID-19 small business guidance & loan resources online center. If you are a small business here is how to apply: https://disasterloan.sba.gov/apply-for-disaster-loan/index.html SBA Express Bridge Loans Express Bridge Loan Pilot Program allows...
”The Plate Fund” –Relief Fund in King County for Restaurant Employees

IRS announcement

  To help people facing the challenges of COVID-19 issues, the IRS announced yesterday (March 25, 2020) a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance...
SMALL BUSINESS PAYCHECK PROTECTION PROGRAM

Emergency Paid sick leave

Employers with less than 500 employees must also provide employees with two weeks (80 hours) of Paid Sick Leave to be paid at the employee’s regular rate of pay (subject to certain caps and restrictions described below) if the employee is unable to work (or telework)...