The Paycheck Protection Program (with 2 Webinars)

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

4/3/2020 Presentation: 
Small Business Benefits in the CARES Act Webinar featuring Sam Gilboard (NAA) and Norm Praet (Brownlee, Whitlow & Praet). 

Norm Preat and AANC shared the The following are a list of resources provided by the federal government. 
This excerpt was an update from the the NC DPS Division of Emergency Management.

Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

• For a top-line overview of the program CLICK HERE
• If you’re a lender, more information can be found HERE
• If you’re a borrower, more information can be found HERE
• Borrower Application Form (Updated 4/2/20)
• Lender Application Form
• New Lender Application Form (Federally Insured Depository Institutions, Federally Insured Credit Unions, Farm Credit System Institutions)
• Interim Final Rule
• Interim Final Rule on Affiliation
• Applicable Affiliation Rules
• Frequently Asked Questions
• Find an eligible lender

For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.

Assistance for American Workers and Families

In the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE.

SBA Clarifies Eligibility of Faith-Based Organizations to Participate in Paycheck Protection and Economic Injury Disaster Loan Programs (HERE)

• SBA Administrator Jovita Carranza announced that SBA issued guidance clarifying that all faith-based organizations impacted by Coronavirus (COVID-19) are eligible to participate in the Paycheck Protection Program and the Economic Injury Disaster Loan program, without restrictions based on their religious identity or activities, to the extent they meet the eligibility criteria outlined in the CARES Act that was passed by Congress, signed into law by President Trump, and implemented by the Paycheck Protection Act Interim Final Rule.

 DOL Published New OSHA Poster Aimed at Reducing Workplace Exposure to the Coronavirus (HERE)

• OSHA has issued a new poster listing steps all workplaces can take to reduce the risk of exposure to coronavirus. The poster highlights 10 infection prevention measures every employer can implement to protect workers’ safety and health during the coronavirus pandemic. The new poster is available for download in English, or Spanish.

 DOL Publishes Guidance on Federal Pandemic Unemployment Compensation (HERE)

• DOL announced the publication of Unemployment Insurance Guidance Letter 15-20 (UIPL) providing guidance to states for Federal Pandemic Unemployment Compensation (FPUC). Under FPUC, states will administer an additional $600 weekly payment to certain eligible individuals who are receiving other benefits.

 DOJ Issues Business Review Letter to Medical Supplies Distributors Supporting Project Airbridge Under Expedited Procedure for COVID-19 Pandemic Response (HERE)

• DOJ announced today that it will not challenge collaborative efforts of McKesson Corporation, Owens & Minor Inc., Cardinal Health Inc., Medline Industries Inc., and Henry Schein Inc. to expedite and increase manufacturing, sourcing, and distribution of personal-protective equipment and coronavirus-treatment-related medication.

 Information for Businesses:

• Interim Guidance for Businesses and Employers
• Information for Communities, Schools, and Businesses
• Environmental Cleaning and Disinfection Recommendations – Community Facilities
• SBA: COVID-19 Resources
• DOL: Guidance for Preparing Workplaces for Coronavirus
• DOL: OHSA Resources for Workers and Employers on COVID-19
• WHO: Get Your Workplace Ready for COVID-19
• CISA: Risk Management for COVID-19
• EPA: Disinfectants for Use Against COVID-19