April 7, 2020
The National Retail Federation has provided several new resources for Retailers over the last few days. One of the most helpful ones is the link to their webinar on Small Business Loans which can be found here. We know that the process for applying for these loans has been very frustrating, but we are hopeful that things will begin run more smoothly over the next several days.
Additional information provided by the NRF in their latest memo:
Assistance for Small Businesses
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
Small businesses and eligible nonprofit organizations, veterans’ organizations and tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
- For a top-line overview of the program click HERE.
- If you’re a lender, more information can be found HERE.
- If you’re a borrower, more information can be found HERE.
- The application for borrowers can be found HERE.
Paycheck Protection Program Resources
FDA Updated Social Distancing Guidance for Food Retail Establishments
FDA has provided updated recommendations to employers on maintaining social distancing among employees in food retail establishments and on whether employees should wear face coverings to prevent exposure to COVID-19. The information is found in the “Questions & Answers for Industry” section of FDA’s Food Safety & the Coronavirus Disease 2019 resource page.