The Chroma Team
A Few Resources That Might Help
- The new law passed by Congress and signed by the President is called the CARES Act. An Overview of the CARES Act Webinar by the US Chamber of Commerce early April 2020. Register to join.
- US Chamber of Commerce provides a Coronavirus Emergency Loans Small Business Guide & Checklist.
- A great article about How the Paycheck Protection Loans Work by Holly Magister, CPA, CFP.
- You can follow U.S. Small Business Administration official announcements on Twitter at https://twitter.com/SBAgov.
- Westmoreland Chamber of Commerce has a COVID-19 Resource page that provides the latest news for businesses, and links to the Chamber, Economic Growth Connection, and the Industrial Development Corporation. All these entities are doing a great job of keeping people informed.
- SBA Disaster Loan Application is a streamlined process with three pages to get through to the “request an advance.” It appears that this is available to businesses, non-profits, homeowners, and renters. We learned of this through The Westmoreland County COVID-19 Leadership Team, who strongly recommends that managers of small businesses that have been negatively impacted by the ongoing public-health emergency promptly begin the application process for just-approved emergency funding from the U.S. Small Business Administration. If your business has suffered during this emergency, don’t delay; you should file as soon as possible,” said Sean Kertes, chairman of the county commissioners. “At this point, it’s unclear how much funding the SBA will earmark for Pennsylvania, so we urge our local businesses not to wait. We want the county economy to be well-positioned to emerge strong once this passes.”The SBA’s Office of Disaster Assistance this afternoon approved the statewide disaster declaration application submitted by Gov. Tom Wolf’s office. Small businesses and nonprofits that have been negatively impacted by the coronavirus now can apply for an Economic Injury Disaster Loan via https://sba.gov/disaster. These low-interest loans can be for up to $2 million.
- Here’s a very clear and easy-to-understand document that we got from a reputable source: All You Wanted To Know About The Payroll Protection Program
Consultations on How to Work From Home
Here’s a video of a pulmonologist, Dr. David Price, of Weill Cornell Medical Center in NYC. Last week he recorded a Zoom call for his friends and family. It’s highly informative – from a doctor right in the middle of everything. Big takeaway – DON’T TOUCH YOUR FACE.
Please take some time to listen – it’s well worth your time.