Right now, businesses are facing significant new challenges resulting from the COVID-19 health crisis.
None of us should be doing it alone. At Pendleton Street Business Advisors, our team has been working with our clients to navigate this rapidly changing environment. We’ve also been talking with other business owners facing make or break decisions with uncertain outcomes, and an important theme has jumped out to us:
Credible, Timely, and Actionable information is hard to find.
One of the toughest day-to-day challenges has become searching through the noise of non-stop headlines and social media feeds to find valuable perspectives and relevant facts about where things stand and what direction they’re headed.
We want to make it easier.
So, we started this page to share the best information we can find on what matters for business owners.
Business Resources:
Section by Section Overview of the CARES Act - This links to a PDF that provides a summary for each section of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act), signed into law by Congress and President Trump on March 27, 2020. The CARES Act provides economic relief and stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic.
Relief & Stimulus Business Funding:
Updates and Changes to PPP Lender Guidelines - Also contains good information for borrowers.
Overview of Available Funding Programs - This links to a PDF that outlines sources of capital for businesses impacted by Coronavirus (AKA “all businesses”) made available by the federal government, including a concise but thorough explanation of the Payroll Protection Program under the CARES Act: what it is, who is eligible, and how to begin the process of obtaining it. It addresses which program a business owner should pursue based on their specific circumstances, and ways that participation in some programs can limit your ability to participate in other programs.
PPP Loan Guide and Checklist - Document created by the US Chamber of Commerce specific to forgivable loans made available by the Payroll Protection Program.
Overview of the PPP Loan Program & Interaction with FFCRA - This PDF of presentation slides from law firm Adams & Reese, LLP includes an overview specific to the Payroll Protection Program that is included in the CARES Act, and its interplay with some components of the Families First Coronavirus Response Act (FFCRA).
Small Business Administration Guidance & Loan Resources - Both the Economic Injury Disaster Loan Program and the Payroll Protection loan Program (PPP) are administered by the SBA. This page does not contain guidance on the PPP loan program yet, but we expect it to be posted here when they have it.
HR & Payroll Resources - ERG Payroll & HR has created a page with FAQ’s, articles, webinars, and usable templates covering topics ranging from virtual workplace best practices to compliance with the Families First Coronavirus Response Act (FFCRA). Don’t know where to start with understanding how FFCRA impacts your business? Start here.
IRS Website for Coronavirus Tax Relief - Includes changes to federal tax return filing and payment deadlines.
State-By-State Tax Legislation Actions - Includes changes to tax filing deadlines by state. Updated daily.
Stimulus Check Calculator (CNBC) - You can use this calculator to estimate how much your individual CARES Act stimulus payment could be based on your Adjusted Gross Income.
We will add more resources to this list as we find them. If you know of resources we should add, or if you have any questions please let us know by emailing info@pstadvisors.com.
Terms of Use and Disclaimer: Information or links to information provided on this web page are not intended to be a substitute for professional investment, tax, or legal advice. We recommend that you consult with licensed, qualified professionals before taking any action. While Pendleton Street Advisors, LLC attempts to maintain this site from time to time, no warranty or guarantee is given regarding the accuracy, reliability, veracity, or completeness of the information provided here or by following links from this or any other page within our web site. The information contained herein is based on sources we believe reliable, but its accuracy is not guaranteed.