行动警报- 4/27/20
This alert was distributed via email to subscribers of the GFB Legislative Team's Action Alert on April 27, 2020.
Additional Payroll Protection Program Funds Available
今日接受申请
This past Thursday, April 23, the House approved H.R. 266 (116), allowing for an additional $484 billion in coronavirus aid. Included in the package is an additional $310 billion towards the 工资保障计划(PPP). 的 应用程序 PPP基金今日重新开放.
在周末, the Treasury Department released new guidance for calculating the maximum PPP loan, which includes guidance for farmers who file an IRS Schedule F. 的 updated guidance can be viewed 在这里. 的 Small Business Administration (SBA) also released new FAQs, which include how businesses could interpret the definition for an employee’s “principal place of residence” for H-2A and H-2B workers. 更新后的常见问题解答可在此查看.
的 bipartisan agreement also allows for agricultural operations with fewer than 500 employees to qualify for the Small Business Administration’s (SBA) 经济损失灾害贷款(EIDL), 哪个能提供10美元,000 in advance to businesses that are losing revenue amid the coronavirus pandemic. Lawmakers and agricultural organizations, including the American Farm Bureau Federation (AFBF) and 乔治亚州农场局 (GFB), had previously asked SBA to make corrections to the bill to ensure that farmers and ranchers were eligible for the program.
的 United States Department of Agriculture (USDA) has published a FAQ website pertaining to a multitude of COVID-19 related concerns for farmers and ranchers, 包括关于PPP的部分. You can view USDA's website by clicking 在这里. Additional information on both the PPP and EIDL can be found below.
NOTE: Farmers and ranchers should continue consulting with their accountant, tax preparer and/or financial advisor about the PPP and EIDL 应用程序 for their particular situation because this additional funding will be available on a first-come-first-serve basis and will go quickly. 一如既往地, you are also free to reach out to 乔治亚州农场局’s 公共政策 Department with any questions you may have.
DOT EXTENDS NATIONAL EMERGENCY DECLARATION FOR COMMERCIAL VEHICLES
的 工资保障计划(PPP) is a new guaranteed loan program for small businesses to keep their employees on the payroll. 符合条件的企业包括非营利组织, 退伍军人组织, 部落商业问题, 独资企业, 个体, and independent contractors – with 500 or fewer employees.
Loans are capped at $10 million but can include up to eight weeks of the businesses average monthly payroll costs from the last year plus an additional 25 percent for non-payroll costs. Seasonal and new businesses will use diffe租金 calculations. 的 PPP will be available through June 30, 2020.
在下列情况下，贷款可获豁免:
- All employees are kept or quickly rehired and compensation levels are maintained for eight weeks (payroll costs are capped at $100,000 on an annualized basis for each employee)
- 这些资金用于:
- 工资和福利
- Mortgage interest incurred before February 15, 2020
- Rent, under lease agreements in force before February 15, 2020
- Utilities, for which service began before February 15, 2020.
借款人在下列情况下仍会欠债:
- 的 loan amount is used for anything other than payroll costs, 抵押贷款利率, 租金, and utilities payments over the 8 weeks after getting the loan.
- 由于可能的高订阅, it is anticipated that not more than 25 percent of the forgiven amount may be for non-payroll costs.
- You will also owe money if you do not maintain your staff and payroll.
Farmers can apply for the PPP through any existing SBA 7(a) lenders or through any federally insured depository institution, 联邦亚洲体育博彩平台信用社, and Farm Credit System institution that is participating.
Small Business Administration: Economic Injury Disaster Loans
的 SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. 各州，华盛顿特区.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. 的 loan advance will provide economic relief to businesses that are cur租金ly experiencing a temporary loss of revenue. Funds will be made available within three days of a successful 应用程序, and this loan advance will not have to be repaid.