NJWMA COVID-19 Update:
Survey, Paycheck Protection Program, Employee Rights

I hope to send you the survey results tomorrow so this is your last chance to answer just three quick questions:  http://survey.constantcontact.com/survey/a07eh07jjvsk8gbnz0q/start

I found this Employee Rights pdf helpful regarding Employee Rights; Paid sick leave and expanded family and medical leave under the families first coronavirus response act. FFCRA DOL Poster 

 The launch for the Paycheck Protection Program was last Friday. Applications can still be made for small business loans, but funds are limited and it is first-come, first-served so employers hoping to take advantage of the forgivable loan must act now.

 The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

The Paycheck Protection Program will be available through June 30, 2020. Click here to apply.