SMALL BUSINESS TOWN HALL MOVING FORWARD MARCH 25, 2020
TOWN HALL - MOVING FORWARD AGENDA - Housekeeping (5 mins) - Exit Advisors Team Introduction (5 mins) - Hot Topics (20 mins) - SMB Relief Program - Tax Opportunities - Developing a Wartime Strategy for 2020 - Town Hall Questions / Discussion (25 mins) - Wrap up (5 mins)
TOWN HALL – SMB / SBA AID MARCH 25, 2020
$2 TRILLION BILL SIGNED THIS MORNING 4 Source: CNN
COVID-19 – GOVERNMENT FEDERAL AID PACKAGE(S) Phase 1 • $8.3 billion, passed March 4th 2020 • Mostly Medicare, Health Agencies, Healthcare workers “COVID • More than $3 billion for R&D of vaccines, other health measures Supplemental” • $1 billion in loan subsidies for SMB , agricultural co-ops, and non-profits • Hundreds of Billions of Dollars Phase 2 • COVID-19 testing for all Americans • Two weeks of paid sick leave for workers with 500 or less employees “Families First” • $ for states to help cover unemployment insurance claims • Signed this morning! (March 25 th 2020) Phase 3 • Includes $ direct for individuals “Stimulus • ~$425 billion to cities, states, and businesses Package” • Six months loan forbearance for qualifying small businesses • ~$200 billion for Unemployment Benefits, $ towards workers • ~$50 billion to passenger airlines Sources: USA Today, Countable, Akin Gump 5
ECONOMIC INJURY DISASTER LOANS (EIDL) 6 Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.
HOW TO APPLY 7 Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.
HOW TO APPLY 8 Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.
POSSIBLE FORBEARANCE OF CURRENT SBA LOAN 9 Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.
RESOURCES Five files are included as resources to navigate SBA Resources / Federal Programs 1. This presentation as overview 2. SBA Disaster Loan Assistance Presentation – by Mark Winchester, 12 page PDF 3. SBA Disaster Assistance in Response to the Coronavirus – 1 page PDF 4. US SBA Fact Sheet – Texas – 2 page PDF 5. EIDL Disaster Application – Step by Step Detailed Guide – 42 page PDF 10 Source(s): Mark Winchester, SBA.gov, John Jones
TOWN HALL – TAX OPPORTUNITIES MARCH 25, 2020
TAX UPDATES 12
$2 TRILLION STIMULUS PACKAGE 13
TOWN HALL – DEVELOPING A WARTIME STRATEGY FOR 2020 MARCH 25, 2020
TOWN HALL – DEVELOPING A WARTIME STRATEGY FOR 2020 In a climate of fear, anxiety, and uncertainty FOCUS on what matters. 1 Focus on others 4 Focus on today 2 Focus on opportunities 5 Focus on what’s available 3 Focus on progress 6 Focus on gratitude
SMALL BUSINESS TOWN HALL MOVING FORWARD COMMUNITY QUESTIONS / DISCUSSION
SMALL BUSINESS TOWN HALL MOVING FORWARD THANK YOU
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