The White House COVID-19 Task Force continues to push valuable information to the public about the virus, the legislation Congress has recently passed to deal with the economic fallout, and suggestions for things like sterilizing your home and avoiding exposure to the virus.
In addition to the daily briefings by President Trump and the Task Force, the information the federal government wants you to know about is also available on federal websites, updated as federal officials learn new information.
Here’s a list of the most recent informational items being made available, having to do with small businesses:
Paycheck Protection Program (PPP):
The Paycheck Protection Program provides loans to small businesses that allow the businesses to stay open and pay their employees during the COVID-19 emergency. If used for that purpose, the loans will be forgiven.
Economic Injury Disaster Loan (EIDL) Emergency Advance:
The EIDL is a loan advance up to $10,000 to small businesses suffering a temporary loss in revenue. The loan advance does not have to be paid back.
The Express Bridge Loans program is another fast way for small businesses to access a loan up to $25,000 while their applications for larger disaster loans are pending.
The Debt Relief program provides businesses with current SBA loans a period of six months where the principal and interest on those loans will be paid by the government.
And for those folks following the Interim Final Rule (IFR) for the PPP above (with respect to religious liberty issues, etc.), click here.
This religious liberties issue mentioned in the SBA Interim Final Rule require the Small Business Administration not to discriminate against religion in any of its dealings with religious entities.
Finally, the federal government has established a website regarding the virus from the CDC, FEMA and the White House that has all the latest information you need to keep up to date on the virus as well as staying safe. That website is coronavirus.gov.
