[WEBINAR] Navigating the SBA Loan Application & Tax Implications of The CARES Act
4.1 at 2:00 pm ET
[COVID-19]
Resources for
Small Businesses
Entrepreneurial resourcefulness and resilience will ultimately lead to stronger businesses coming out of this challenging time.
However, the decisions you make now are critical.
This page is intended to provide resources to help small business entrepreneurs (SBE's) navigate and respond to the immediate challenges facing their businesses in the face of the Coronavirus (COVID-19) pandemic.
Join Levi Morehouse, Ceterus Founder & CEO, Tuesdays & Thursdays at 1:30 PM EST via Facebook Live for a Q&A to cover your questions during this challenging time.
COVID-19 and the current concerns of community spread have raised novel issues for many businesses. However, it can be difficult to understand how the Coronavirus will impact your business and what steps can be taken to mitigate that impact. Given the fluid nature of this global health crisis, Ceterus has curated some resources to help our customers navigate and respond to the immediate challenges facing their businesses.
What We Think
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(3.26) Bill providing forgivable loans to SMBs passes the Senate, expected to become law this week. (Tentative details here.)
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(3.23) Can I Claim “Force Majeure” (Act of God) to Stop Paying my Rent/Lease Payments?
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(3.21) Should I Retain or Lay Off My Employees During the Coronavirus Pandemic?
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Many states are extending sales tax payment due dates. (AICPA | Forbes)
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Many states are providing unemployment assistance. (Updates)
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SBA loans are available in select affected areas.
(Guidance | Registration | Application)
What We Are Watching
Tools & Tutorials
- (3.20) Video: How to Apply for SBA Loan Assistance
- (3.19) Video: Planning Amidst Uncertainty. 5-Steps and 2-R’s.
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(Coming Soon) How to Build Your Cash Forecast
Schedule a complimentary one-on-one
consultation with a SBE Consultant.
Q&A Archive
3.26.20 @ 1:30 PM EST
Episode Notes:
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27:56 Overview: The Care Act
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24:24 Not Law Yet, Details to Come
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17:40 Loan Requirements: Purpose is to
Maintain Your Employees
- No Layoffs
- No Fees
- No Personal Guarantee’s
- Tax Relief
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9:54 SBA Economic Injury or Disaster Loan
and Grant -
3:05 Is This A Time to Recruit Talent and
Buy Distressed Businesses?
3.24.20 @ 1:30 PM EST
Episode Notes:
-
Intro
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19:31 2 R's: Resilience, Resourcefulness
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17:18 Cash is King: How to Optimize Your
Cash During This Time -
14:58 Creative Ways to Save Money
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14:03 SMB Relief Package Update
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10:29 Is it right to continue to charge my
customers membership fees when
my business is shut down? -
7:55 Should I lay off, furlough or keep and
re-purpose my staff? -
3:10 Sales Tax: Do I Have to Pay It?
3.19.20 @ 1:30 PM EST
Episode Notes:
-
Intro
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21:15 We’re Here for You: Using Our Network to Support You
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18:53 2 R’s: Resilience, Resourcefulness
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18:24 Decisions Today Impact Tomorrow
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17:52 Introducing the Ceterus COVID-19 Support Site
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12:07 How do you address clients
requesting discounts? -
10:44 Lay Offs vs. Furlough
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8:00 QSR Impact: Local vs. National
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7:03 Ideas: Managing Cash Flow During
Downturn -
5:12 Restaurants: Burn Rate and Future
Investment -
3:04 Working From Home: New Norm?