WHAT IS THE CARES ACT?

President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on Friday, March 27, 2020. The 880-page bill provides additional federal support for businesses, individuals and various sectors responding to the COVID-19 pandemic and the economic impacts felt on all levels.

General Overview of the CARES Act (simplicityHR)

Coronavirus Relief Resources for Small Businesses and Nonprofits

Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Final Copy

CARES Act 116th Agreement

THE PAYROLL PROTECTION PROGRAM (PPP)

PPP Loan Forgiveness Applications

Loan Forgiveness Application Form EZ (SBA/U.S. Treasury) 6/16/2020
Loan Forgiveness Application Form EZ Instructions (SBA/U.S. Treasury)

Loan Forgiveness Application (SBA/U.S. Treasury) Revised 6/16/2020
Loan Forgiveness Application Instructions (SBA/U.S. Treasury) Revised 6/16/2020

Paycheck Protection Program Application and Information

Paycheck Protection Program Application PDF

Overview of PPP Program Specifics (Dept. of Treasury)

PPP and EIDL Comparison Chart (simplicityHR)

Borrower Fact Sheet for PPP Loans (Dept. of Treasury)

SBA LOAN RESOURCES

Below are several resources relating to loans available through the Small Business Administration. You can reach the SBA disaster assistance customer service center at 1-800-659-2955 or [email protected].

SBA Disaster Loan Assistance/ Online Application

IRS extends tax deadlines and takes unprecedented actions to ease the burden on people facing tax issues.

SBA Small Business Guidance and Loan Resources

SBA Disaster Assistance in Response to Coronavirus

Find Local SBA Assistance Near You

Emergency Loans: Small Business Guide and Checklist

U.S. Chamber of Commerce Overview of Paycheck Protection Program providing 100% federally guaranteed loans.

Three Step Guide to Applying for an SBA Economic Injury Disaster Loan

Comprehensive Guide to the Express Bridge Loan Pilot Program

FREQUENTLY ASKED QUESTIONS

With coronavirus concerns dominating the headlines, many employers and employees are seeking guidance on what they can and cannot require of employees who may have been exposed to coronavirus (COVID-19). Our HR and safety experts are working with local employers on various coronavirus-related issues.

Below are some of the most frequently asked questions:

PPP FAQ’s (Dept. of Treasury) 8/11/2020 new: #50-51

PPP Forgiveness FAQ’s (SBA) 8/4/2020

BARRON GUSS, CEO, ON THE CARES ACT

The IRS Releases Clarification on the “Payroll Tax Credit” and What it Means

Rapidly changing laws require fast, informed action to minimize the financial hardship and emotional stress on businesses. A national leader on the subject, simplicityHR President and CEO Barron Guss offers guidance to Hawaii business leaders.