CDC Revised Reopening Guidelines COVID19

https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/businesses-employers.html

The U.S. Centers for Disease Control and Prevention has set out new guidelines for schools, restaurants and other workplaces looking to reopen safely in the pandemic era. The tools for business owners feature six “decision trees” to determine readiness to relaunch, including being in line with state and local orders and preparedness to protect staff who are more at risk from the virus. Firms should also limit shared staff spaces, while mass-transit operators should close every other row of seats to facilitate social distancing, among other recommendations.

FED’s Main Street Lending Program

https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm

The Federal Reserve has announced that it is establishing a Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). Term sheets for each facility and Frequently Asked Questions (FAQs) providing more information regarding eligibility and conditions can be found below.

SBA Debt Relief Assistance

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

As part of SBA’s debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.