Resources for Members of the American Fraternal AllianceWelcome! 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 SiteUp to 80 hours if full-time, adjusted for part-time100% of regular rate if quarantined for COVID-19 or sick & seeking diagnosis2/3 of regular rate if caring for someone quarantined with COVID-192/3 of regular rate if caring for a child whose school or childcare location has closedExpanded FMLA / Dept of Labor SiteUp to 10 weeks of paid leaveIncludes leave to care for a child at home2/3 of regular rate to care for a child whose school or childcare location has closedTwo week unpaid period can be overlapped with two week sick leaveCoronavirus Aid, Relief & Economic Security Act (CARES Act)Small Business Resource Guide / Small Business Guide to CARES ActHelp with sorting through different options available to small businessesEconomic Impact Payments / IRS Site$1,200 per adult ($2,400 if married filing joint)$500 per qualifying childAmounts reduced starting at $75,000 AGI based on 2019 (or 2018) tax returnSocial Security / Railroad Retirees do not need to file a returnExpanded Unemployment Insurance / NASDAQ SiteProcess varies by state - visit your state's UI siteOne-week unpaid waiting period waivedIncludes job loss, reduced hours, W2 & 1099 workers and self-employedTwo part benefit amount includes $600 additional weeklySBA - Small Business Administration programsPaycheck Protection Program / SBA PPP SiteFor businesses with 500 or fewer employeesFunds for paying up to 8 weeks of payroll costsFully forgiven if 75% of the amount is used for payrollApply to any SBA 7(a) lenderEconomic Injury Disaster Loans & Advances / SBA EIDL SiteFor small businesses, self-employed and independent contractorsLoan advance up to $10,000Advance does not need to be repaidCan also apply for working capital loans up to $2MillionSBA Debt Relief Measures / SBA Loan Relief SiteNew SBA 7(a) Loans - principal and interest will be paid by SBA if issued prior to 9/27/20Current SBA 7(a) Loans - principal and interest paid by SBA for six monthsSBA Express Bridge Loans / SBA Bridge Loan SiteFast access to up to $25k with reduced paperworkWill be repaid in full or part by EIDL LoanConnect with local SBA Office for details Other Relief MeasuresSmall Business Employee Retention Credit / Treasury Dept SiteRefundable tax credit equal to 50% of up to $10,000 in wagesApplies to businesses who are fully or partially suspended due to COVID-19Student Loan Debt Relief / Dept of Education SiteApplies to Direct, FFEL and Perkins Loans (current or in default)Interest rate set to 0%Loans automatically put into Administrative Forbearance until 9/30/20Federal Tax Filing and Payment Relief / IRS SiteFederal Tax filing deadline moved to July 15, 2020Installment Agreement payments suspended through 07/15/20Defaults, Liens/Levies & Collections suspended through 07/15/20Compiled and brought to you by:For more than 30 years, askFinancial Wellness has been serving the needs of consumers through organizations like yours, creating better connections and improved financial health. We provide unbiased, fact-based Financial Wellness Services without any hidden agenda, fees or up-selling to your customers. • Live Budget Coaching • Blog and Newsletter Content• Webinars • Videos • Downloadable Worksheets• Life Events Financial Coaching • College Financial Center • Credit Score Improvement • Debt EliminationFor more information on our program or to suggest additional resources or corrections, please contact: Marcy Munro at firstname.lastname@example.org or visit our website for how we can help you build better financial wellness with your members.