For most of us, it has not been business as usual. Our business experts are ready to explain the essentials like payment assistance plans and applying for the relief programs that fit your needs. Find assistance programs below or or call our Business Solutions Center at 1-888-710-4237.

Federal Resources

• We have compiled a list of federal programs, loans, and tax relief for businesses hurt by the pandemic.
• The Paycheck Protection Program was updated last week, with key adjustments including:
  • Forgivable costs window: Previously, businesses were required to spend their PPP loan funds on costs incurred in the eight weeks after their loan was issued. That window was extended to 24 weeks or Dec. 31, whichever comes first.
  • Expense breakdown: Previously, at least 75% of forgivable expenses were required to be spent on payroll costs. That threshold has been lowered to 60% (the remainder may be spent on allowable expenses like mortgage, rent, and utilities).
  • Rehiring period: Previously, employers were required to restore their Feb. 15 FTE/salary/wage levels by June 30. That rehiring period has been extended to Dec. 31. 
  • The PPP loan forgiveness application is now available on the SBA website. You'll need to submit the forgiveness application to your lender. Work with your lender or visit PPP.bank to get started.

Indiana

• Small Business Restart Grants can be issued in amounts of up to $10,000 per business for companies that meet the program's eligibility requirements.

• Governor Holcomb FAQ on recent (4/8/20) Stay At Home Executive Order and Direction for the Public and Businesses
• Indiana Department of Workforce Development (DWD)
  • Unemployment insurance FAQ for Claimants
  • FAQ for Employers
    Information for employers on large layoffs due to COVID-19. DWD has introduced a rolling layoffs process. Currently, there is one example on the DWD web site of how this process might work; it is NOT the only way to structure layoffs.
• Get the latest updates from the state government
• Hoosiers can also call the Indiana Department of Health hotline: 317-233-7125 (8 a.m. to 8 p.m.) 317-233-1325 (other times)
• Find resources and support for local small businesses
• Find information about Small Business Administration Disaster Loans in Indiana
• Find resources and support for local small businesses
• Workers can learn about Indiana unemployment benefits
• The Indiana Chamber of Commerce offers additional information and helpful links
• Hoosiers seeking assistance with basic needs such as food and shelter can call 211 or visit:www.in211.communityos.org/COVID-19

Michigan

• Navigating Unemployment Benefits During COVID-19 (On-Demand Webinar, Recorded 3/27/20)
• Get the latest updates from the state government
• Michigan also has a coronavirus hotline and email: Call 888-535-6136 between 8 a.m. and 5 p.m. or email COVID19@michigan.gov
• Find resources and support for local small businesses
• For information about Small Business Disaster Loans in Michigan
• For information about Michigan business tax relief
• Workers can learn about Michigan unemployment benefits
• The Michigan Chamber of Commerce offers additional information and helpful links
• For Michiganders seeking assistance with basic needs such as food and shelter, call 211 or visit:mi211.org

Other Resources

• U.S. Department of Labor (DOL) Guidance on Families First Coronavirus Response Act (FFCRA)
  • Q&A
  • Fact sheet for employers
  • Fact sheet for employees
  • FFCRA Poster
  • Among the highlights:
    • The tax credit is NOT retroactive for providing leave before the effective start date of April 1.
    • The fewer than 500 employee threshold counts 1) all employees under a single employer identification number, 2) employees working for you at least 30 days, 3) employees you share with another entity and 4) temporary employees.
    • Please refer to the Q&A for details.
• Emergency Loans: Small Business Guide and Checklist
• The Centers for Disease Control is the major source for coronavirus news
• John Hopkins Medicine has a helpful Coronavirus at a Glance Infographic
• Guarding against the virus in the workplace
• Tips about working from home