It’s not always easy to find what you need as a small business owner and employer. That’s why I’ve curated the resources on this page to support you during the COVID-19 pandemic.
This page will be updated with new information frequently, so please bookmark it and check back often. If you have specific questions, feel free to contact me.
Table of Contents
- Leading in Uncertain Times (Resources)
- Blog Posts
- Facebook Live Videos
- Families First Coronavirus Response Act (FFCRA)
- Information on the Federal Law impacting businesses with fewer than 500 employees.
- Paycheck Protection Program (PPP): Under the CARES Act
- Forgivable SBA loan to help businesses keep employees on payroll.
- Economic Disaster Injury Loan (EDIL)
- SBA loans with better terms (such as interest rates and payback terms) that businesses can use for general expenses and needs.
Leading in Uncertain Times
As a business owner and leader, you’re likely feeling an elevated sense of pressure, responsibility, and worry. To help ease some of the overwhelm and reduce your anxiety, I’ve pulled together some of my best resources for you.
- How to Lead (Even When You Don’t Feel Like It)
- How to Lead a Team When You Have Anxiety
- How to Lead When You Don’t Feel Like a Leader
- How to Talk with Your Team About Coronavirus
- Staying Motivated as a Leader When You’re Just Not Feeling It
- Leading through Communication
Facebook Live Videos:
What can you control in a world that feels out of control?
Mind Your Mindset: You’re not a bad person for laying off your employees.
Leading…Even When You Don’t Feel Like It
The Families First Coronavirus Response Act (FFCRA)
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers with less than 500 employees to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19.
Businesses with less than 50 employees may qualify for an exemption in certain circumstances relating to child care, but need to review the full requirements. All employers (without exception) who have less than 500 employees must post this required notice.
Autumn Witt Boyd and her team at The AWB Firm have an excellent resource on the FFCRA, which you can find HERE.
Paycheck Protection Program: Under the CARES Act
The Paycheck Protection Program is a loan program being administered by the SBA as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This loan is designed to help small businesses keep their employees on payroll by providing each small business a loan of up to $10 million for payroll and certain other expenses.
If all employees are kept on payroll and their current compensation levels are maintained for eight (8) weeks following loan approval, then the SBA will forgive up to 100% of the loan that is used for payroll, rent, mortgage interest, or utilities, as long as no more than 25% of the loan is used for non-payroll related costs.
Autumn Witt Boyd and her team at The AWB Firm have a fantastic resource on the PPP loan, which you can find HERE (along with other financial resources)
Economic Disaster Injury Loan (EDIL)
The Economic Disaster Injury Loan (EDIL) is a federal small business loan which provides businesses with less than 500 employees, nonprofits, sole proprietors, freelancers, contractors, and others with loans of up to $2 million.
Allowable uses include accounts payable, payroll support, rent, utilities, mortgage, other interest on debt obligations.
NOTE: If you apply for both the EDIL and the PPP loans, you cannot apply for funds to be used for the same purpose under both programs.
Autumn Witt Boyd and her team at The AWB Firm have a great resource on the EIDL loan program, which you can find HERE.
Kelsy Schmidt, Founder of Innowick, has a FREE video training on How to apply for the SBA’s Economic Disaster Injury Loan, which you can find HERE