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Small Business

Small Business Relief: Answering Your Questions

 April 8 2020
AALU and Gama hosted this webinar, Small Business Relief: Answering Your Questions, in response to the 1,000+ questions received about the stimulus bill as it relates to small business loans. Click here to view the presentation.

Economic Injury Disaster Loan Program

 April 7 2020
The CARES Act expanded the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL), which includes $10,000 grants for eligible applicants. The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters.  Download the guide here.

Coronavirus Small Business Emergency Loan Guide

 April 7 2020
The U.S. Chamber’s Coronavirus Small Business Emergency Loan Guide outlines the steps small businesses need to take to access much-needed Payroll Protection Program (PPP) funds. The guide now includes important information, including key dates, as the government moves toward implementation. Click here to learn more.

Two Things Small Businesses Must Do Today

 March 31 2020
Our partners at AALU & GAMA shared two key actions small business should do today. First: Take advantage of payroll tax deferment. As a small business, you can defer payroll taxes through the end of 2020, starting now, essentially acting as a no-interest loan. 50% of your 2020 payroll taxes will be due at the end of 2021, and 50% due at the end of 2022. Small businesses should contact their ...

Small Business Exemption to Coronavirus Paid Leave

 March 31 2020
Beginning April 1, 2020, many employers must provide eligible employees with paid leave for specified reasons related to COVID-19. Small businesses may qualify for an exemption to these leave requirements when an employee requests leave due to a school closing or child care unavailability. Click the play button to watch a Legal Update video to learn more. To view this video in full screen mode, cl...

SBA to Provide Disaster Assistance Loans for Small Businesses

 March 21 2020
U.S. Small Business Administration's (SBA) Economic Injury Disaster Loans offer up to $2 million in assistance for a small businesses for a 30 year fixed rate between 2.75% and 3.75%. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Employers can email disastercustomerservice@sba.gov or call the SBA a...