April 3, 2020

Dear Friends.
This week, The federal government came out with the Care’s Act which will give relief to American employers, employees as well as relief to families. Not all of the details have been worked through and are still in process. However, small businesses can start to apply immediately through the SBA which is working with SBA approved lending institutions such as banks and credit unions. Attached to this newsletter are some details and FAQ’s to help any businesses on this mailing list get started with financial assistance.
 I know you are getting inundated with information on an almost daily basis and my intent is not to overwhelm, but to assist in any way that may support employers and employees during these quickly changing times.  

Thank you,
Greg
The Small Business Owner’s Guide to the CARES Act

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non- profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate here.

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SBA News & updates
The Small Business Owner's Guide to the Care Act
I know that many of us scan the news each day to keep on the most current information about this COVID-19 and its effect locally as well as nationally. I have included a link to a website put together by University of Washington and funded by the Gates foundation that gives up to date information on the Coronavirus in the US as well as state by state modeling on the effects and projections that this virus will have on each state individually and how long they project the effects to last. Again, it’s only a model and facts and input’s change almost daily, but it is very interesting.
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State by State COVID-19 Projections
When viewing the Projected COVID-19 statistics click on the "United States of America" in the green bar to find each state.

Family time
Days can get long and people are anxious. I hope you can take time to enjoy your family, if not in person, then by the many tools we now have available: a video chat, Face Book, face time, so many great ways to stay in touch!