coronavirus_update
Capital One still not accepting applications for the Paycheck Protection Program
Summary of Keypoints Capital One status: Capital One was not accepting Paycheck Protection Program (PPP) applications while many other banks had launched online application portals. Impact on customers: Businesses banking with Capital One were forced to seek alternative lenders to submit PPP applications. Alternative lenders listed: Forbes published a list of banks and fintech companies…
Read MoreGoogle Tells us Who is Moving Around
Summary of Keypoints Source of insights: Google’s COVID-19 Mobility Reports provide location-based data showing how movement patterns changed across communities during the pandemic. Behavioral trends: The data indicates that people are moving around less and staying home more, reflecting responses to stay-at-home and shelter-in-place orders, though compliance varies. Workplace reality: The report highlights that working…
Read MoreBREAKING UPDATE – Paycheck Protection Act: Where to find a loan, and how much am I eligible to receive?
Summary of Keypoints Purpose of update: The article addresses common questions from small business owners about the Paycheck Protection Program (PPP), including how to calculate eligible loan amounts and where to apply as guidance continues to evolve. Payroll calculation guidance: The American Institute of Advisors (AIaccountant) advised that average monthly payroll costs for PPP applications…
Read MoreWhat’s the Status of Your Economic Injury Disaster Relief Loan (EIDL)?
Summary of Keypoints EIDL application status: Full EIDL applications with numbers starting with “2” that are marked in review are currently frozen, with no processing timeline provided by the SBA. $10,000 advance priority: The SBA is only processing EIDL $10,000 advances at this time; these applications generate numbers starting with “3” and do not receive…
Read MoreStep by Step Guidance and Application Forms – A Small Business Owner’s Guide to the CARES Act
Summary of Keypoints Primary resource provided: The post directs readers to a U.S. Chamber of Commerce CARES Act step-by-step guide for detailed instructions on how small business owners can access federal assistance. PPP application support materials: It includes downloadable documents to help business owners understand and complete the Paycheck Protection Program (PPP) process. Included PPP…
Read MoreHelp for Small Businesses in VA
Summary of Keypoints State support announcement: Virginia Governor Ralph Northam released Workforce Innovation and Opportunity Act (WIOA) Rapid Response funding to support Northern Virginia businesses affected by the COVID-19 crisis. Program purpose: The funding is intended to help employers remain open, avert layoffs, and reduce unemployment duration by supporting operational continuity during the emergency. Eligibility…
Read MoreComprehensive List of Private and Public Loans, Grants, and Financial Support for Small Businesses
Summary of Keypoints Purpose of resource: The post highlights financial relief efforts launched in response to COVID-19 by federal, state, local governments, and private organizations to support small businesses. Compiled by Gusto: Gusto created a comprehensive, centralized list of available loans, grants, and financial support programs. Scope of assistance: The resource includes both public and…
Read MoreNew Guidance from the DOL on Administering FFCRA Leaves
Summary of Keypoints Source of guidance: The U.S. Department of Labor released a Questions and Answers document to help employers administer FFCRA leave provisions ahead of the April 1 implementation date. Employee eligibility limits: FFCRA leaves are not available to employees who are furloughed, have reduced hours, or work at locations that are closed due…
Read MoreCOVID-19 Poster – Required Distribution by April 1 for all Businesses
Summary of Keypoints Mandatory requirement: The U.S. Department of Labor released a required employee rights poster related to the Families First Coronavirus Response Act (FFCRA). Distribution deadline: All businesses were required to post or distribute the poster by April 1. Acceptable distribution methods: Employers may satisfy the requirement by physically posting the notice or distributing…
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