COVID-19 Finance News

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

CARES Act signed into law On March 27, 2020, Congress passed the $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). President Trump signed the Act into law shortly thereafter. The CARES Act is very broad and contains provisions for Small Business Administration loans, assistance to distressed sectors,…

Read More

Update on SBA Economic Injury Disaster Loan (EIDL) Applications for Nonprofits

Update on SBA Economic Injury Disaster Loan (EIDL) Applications for Nonprofits As the application process moves forward, the SBA continues to provide guidance and clarification in regards to the disaster loan application process. Nonprofits can apply for loans through the program; however, we have been advised that personal guarantees are required for nonprofits similar to…

Read More

401(k) Plans: What you need to know Amidst the Pandemic

401(k) Plans: What you need to know Amidst the Pandemic What was expected to be a major health crisis has turned into a monumental economic crisis touching every industry segment that will be particularly brutal to small businesses. As with any downturn in the economy that involves job losses and financial losses, rules surrounding 401(k)…

Read More

Ohio Bureau of Workers Compensation issues premium payment update

The Ohio Bureau of Workers’ Compensation issues an update on premium installment payment due dates The Ohio Bureau of Workers’ Compensation (BWC) is announcing that insurance premium installment payments due for March, April, and May for the current policy year can be deferred until June 1, 2020, at which time the matter will be reconsidered….

Read More

Businesses and Nonprofits Can Request Emergency SBA Loans

Businesses and nonprofits can now begin to electronically submit requests for emergency SBA loans The SBA has officially listed Ohio, Indiana, and Georgia as declared disaster areas with regards to COVID-19, and it is suspected that all states will be declared by the end of the weekend. This means that businesses can now begin to…

Read More

Scroll Up