Dear APAP Members and Colleagues,
I'll keep this quick.
Here are the most recent COVID-19 relief updates:
- Families First Paid Leave Provisions: Beginning April 1, new COVID-19 related paid leave requirements will be in effect. The U.S. Department of Labor has created a 59-question FAQ for employers, posters describing employee rights under the new law, and a bulletin announcing limited enforcement through April 17, as employers learn how to come into compliance.
- SBA Economic Injury Disaster Relief and Loan Advances: On March 30, the Small Business Administration (SBA) launched a new streamlined application platform for organizations and self-employed individuals applying for emergency loans directly from the SBA, including $10,000 advance payments that will be forgiven by the federal government.
- Paycheck Protection Program and Loan Forgiveness: Local lenders backed by the SBA are rapidly preparing to process loan applications from employers with fewer than 500 employees, as well as applications from self-employed workers. These aim to support eight weeks of eligible costs through loan forgiveness. The U.S. Department of the Treasury has jus posted an overview for borrowers, an overview for lenders, and an example of the loan application form.
APAP has been advised that due to the large quantities of requests coming to federal agencies that you
begin your application processes as soon as possible
. We also encourage you to research additional resources in your state and region.
We encourage you to forward this message to your colleagues.