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Resources for Members of the American Fraternal Alliance

Welcome! We are pleased to provide this resource to our friends at the American Fraternal Alliance!

The following is a brief overview with links to the most reliable sites for financial relief measures developed in response to the COVID-19 pandemic. Some describe new or changed Federal Laws, other are regulation changes made by federal agencies. These resources are applicable to employees, self-employed, contractors and small businesses. Check back often, more resources will be added as they are made available.

Families First Coronavirus Relief Act (FFCRA)

  • Additional Paid Sick Leave for certain workers / Dept of Labor Site
    • Up to 80 hours if full-time, adjusted for part-time
    • 100% of regular rate if quarantined for COVID-19 or sick & seeking diagnosis
    • 2/3 of regular rate if caring for someone quarantined with COVID-19
    • 2/3 of regular rate if caring for a child whose school or childcare location has closed
  • Expanded FMLA / Dept of Labor Site
    • Up to 10 weeks of paid leave
    • Includes leave to care for a child at home
    • 2/3 of regular rate to care for a child whose school or childcare location has closed
    • Two week unpaid period can be overlapped with two week sick leave

Coronavirus Aid, Relief & Economic Security Act (CARES Act)

  • Small Business Resource Guide / Small Business Guide to CARES Act
    • Help with sorting through different options available to small businesses
  • Economic Impact Payments / IRS Site
    • $1,200 per adult ($2,400 if married filing joint)
    • $500 per qualifying child
    • Amounts reduced starting at $75,000 AGI based on 2019 (or 2018) tax return
    • Social Security / Railroad Retirees do not need to file a return
  • Expanded Unemployment Insurance / NASDAQ Site
    • Process varies by state - visit your state's UI site
    • One-week unpaid waiting period waived
    • Includes job loss, reduced hours, W2 & 1099 workers and self-employed
    • Two part benefit amount includes $600 additional weekly

SBA - Small Business Administration programs

  • Paycheck Protection Program / SBA PPP Site
    • For businesses with 500 or fewer employees
    • Funds for paying up to 8 weeks of payroll costs
    • Fully forgiven if 75% of the amount is used for payroll
    • Apply to any SBA 7(a) lender
  • Economic Injury Disaster Loans & Advances / SBA EIDL Site
    • For small businesses, self-employed and independent contractors
    • Loan advance up to $10,000
    • Advance does not need to be repaid
    • Can also apply for working capital loans up to $2Million
  • SBA Debt Relief Measures / SBA Loan Relief Site
    • New SBA 7(a) Loans - principal and interest will be paid by SBA if issued prior to 9/27/20
    • Current SBA 7(a) Loans - principal and interest paid by SBA for six months
  • SBA Express Bridge Loans / SBA Bridge Loan Site
    • Fast access to up to $25k with reduced paperwork
    • Will be repaid in full or part by EIDL Loan
    • Connect with local SBA Office for details

Other Relief Measures

  • Small Business Employee Retention Credit / Treasury Dept Site
    • Refundable tax credit equal to 50% of up to $10,000 in wages
    • Applies to businesses who are fully or partially suspended due to COVID-19
  • Student Loan Debt Relief / Dept of Education Site
    • Applies to Direct, FFEL and Perkins Loans (current or in default)
    • Interest rate set to 0%
    • Loans automatically put into Administrative Forbearance until 9/30/20
  • Federal Tax Filing and Payment Relief / IRS Site
    • Federal Tax filing deadline moved to July 15, 2020
    • Installment Agreement payments suspended through 07/15/20
    • Defaults, Liens/Levies & Collections suspended through 07/15/20

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