Thursday IRA Webinar with Hinshaw & Culbertson: Restaurant Legal and Banking FAQs on PPP Loans

Mark your calendars to join the IRA and Hinshaw & Culbertson Thursday, April 9 at 10:00 a.m (Central) for a webinar to review common questions and issues restaurants are facing as they apply for Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL).  Attorneys from Hinshaw & Culbertson will review the process for applying for relief loans, necessary documentation requirements, and answer frequently asked legal and banking questions for restaurant operators.  We will be sending out the link to register tomorrow. Please send all questions you would like addressed in advance of the webinar to Matt Quinn .

Updated U.S. Treasury Guidance on Paycheck Protection Program The U.S. Treasury has released 18 FAQs on the Paycheck Protection Program for borrowers and lenders that address many of the concerns lenders have grappled with during the first few days of the program. Click here to read the questions and answers.

Additional Funding for PPP Expected The IRA has learned that the federal government is expected to infuse an additional $250 billion into the Paycheck Projection Program as soon as later this week. Click here to read more from Crain's Chicago.

Families First Coronavirus Response Act: Questions and Answers The U.S. Department of Labor continues to provide compliance assistance to employers and employees on their responsibilities and rights under the Families First Coronavirus Response Act - which includes emergency paid sick leave benefits for millions of Americans. Click here to read more.

IDES Unemployment Benefits Expansion Package Information The Illinois Department of Employment Security (IDES) has released new guidance on expanded unemployment benefits resulting from the passage of the CARES Act. The CARES Act includes the following federally-funded unemployment benefits expansions: Federal Pandemic Unemployment Compensation (FPUC), Pandemic Emergency Unemployment Compensation (PEUC), and Pandemic Unemployment Assistance (PUA). While these new expansions will financially help unemployed Illinoisans in the months to come, not everyone will be eligible for all the benefits contained in the package, and some benefits will not begin immediately. IDES asks that businesses and residents do not call to inquire about these new federal programs. Their employees are processing applications for current benefits. Further details about the new federal programs and how to apply will be made available once they have been finalized. Click here to read more from IDES.

Mayor Lightfoot Signs Executive Order to Protect Immigrant and Refugee Communities  Mayor Lori Lightfoot today signed an executive order explicitly ensuring that all benefits, opportunities, and services provided or administered by the city of Chicago are accessible to all residents, regardless of birth country or current citizenship status. The IRA applauds this measure from Mayor Lightfoot. Thousands of undocumented Chicagoans work, contribute, invest in our communities - and they deserve every level of support and relief during this crisis. Click here to read more.

Please  visit our website  for the latest coronavirus updates, in addition to the above resources and information for your business - updated as of 9:00 p.m. Tuesday, April 7.

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