PPP Modifications Await President’s Signature
PPP loan recipients gain new flexibility, while retaining loan forgiveness.
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The ESOP Association
Resources
COVID-19 Affects Employees’ Mental Health Too
The emotional toll that the COVID-19 pandemic is having on Americans is becoming increasingly and alarmingly clear. New information suggests that ESOP companies may want to train an especially keen eye on the well-being of their employee owners.
Washington Alert: Analysis of the PPP Loan Forgiveness Application
On May 15, 2020, the Small Business Administration (SBA) published a Loan Forgiveness Application that provides long awaited information regarding loan forgiveness under the Paycheck Protection Program (PPP).
Washington Alert: Tracking a New Relief Act and Changes to Existing Programs
New funding options may exist for businesses, thanks to a new bill from the House and several potential modifications to existing federal relief programs.
Washington Alert: PPP Repayment Deadline Extended by SBA
Companies that received PPP funds now have an extra week to decide if they should give them back.
Wilmington Trust Reaches $80 Million Settlement Agreement
An agreement between Wilmington Trust and the DOL pays funds to ESOPs and includes costs for penalties and legal fees.
ESOP Report May 2020
In this special 24-page issue get ideas on managing in a crisis, help planning for the reopening of your workplace, news of TEA’s expanding advocacy efforts and member benefits, updates on new webinars, and more!
How the Workplace May Change in Light of COVID-19
As companies mull how to return to work, they may want to consider ways that the workplace may need to shift and adapt to the COVID-19 pandemic. Here are some thoughts about how the future may look.
Washington Alert: CARES Act Analysis of How Small Businesses Should Assess “Necessity” in Obtaining (or Considering Whether to Immediately Repay) Paycheck Protection Program Loans
There has been a clear shift in the political environment propelled by public discussions of certain large, public companies obtaining loans under the Paycheck Protection Program (the “PPP”) authorized by the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), including Shake Shack, Ruth’s Chris and others[1]
Washington Alert: ESOP Association Advocacy Helps Score Major Win for ESOPs
New guidance assures that ESOP companies are eligible for key federal relief under the Paycheck Protection Program.