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CARES ACT- SMALL BUSINESS LOAN OVERVIEW

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In response to the American economy reeling from the coronavirus (COVID-19) pandemic, the federal government recently signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Among other provisions, the CARES Act provides businesses suffering under the debilitating effects of the pandemic with unprecedented access to emergency loans. This document will serve … Continued

How to Support your Employees During a Global Pandemic

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As companies frantically try to adapt to the coronavirus pandemic, many HR teams find themselves with an alarmingly jam-packed workload. Employee interviews need to be postponed, telework policies implemented or adjusted, health and wellness protocols changed. And when everyone is in crisis mode, it’s easy to let a simple, but crucial, aspect of the job … Continued

Ask the Advisor: What’s the Difference Between a Furlough and a Layoff?

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Question: What’s the difference between a furlough and a layoff? Answer: First, you should note that the language used when sending employees home for a period of time is less important than communicating your actual intent. Since temporary layoffs and furloughs are only used regularly in certain industries (usually seasonal), you should not assume that … Continued

SBA & TREASURY BEGIN UNPRECEDENTED PULIC-PRIVATE MOBILIZATION TO DISTRIBUTE FUNDS

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  Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES … Continued

Stop – Stay Home – Start Something

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We are seeing so many changes to our work, personal, and social life due to the COVID-19 pandemic. While these changes can seem daunting and the obstacles they create insurmountable, this can be a time of healthy change. There is always the chance for good to happen when you stop, stay home, and start something. … Continued

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