SMALL BUSINESS TOWN HALL MOVING FORWARD MARCH 25, 2020 TOWN HALL - - - PowerPoint PPT Presentation

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SMALL BUSINESS TOWN HALL MOVING FORWARD MARCH 25, 2020 TOWN HALL - - - PowerPoint PPT Presentation

Apr 07, 2024 467 likes •660 views

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

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SMALL BUSINESS TOWN HALL

MOVING FORWARD

MARCH 25, 2020

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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)
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TOWN HALL – SMB / SBA AID

MARCH 25, 2020

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$2 TRILLION BILL SIGNED THIS MORNING

Source: CNN

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COVID-19 – GOVERNMENT FEDERAL AID PACKAGE(S)

  • $8.3 billion, passed March 4th 2020
  • Mostly Medicare, Health Agencies, Healthcare workers
  • More than $3 billion for R&D of vaccines, other health measures
  • $1 billion in loan subsidies for SMB, agricultural co-ops, and non-profits

Phase 1 “COVID Supplemental”

  • Hundreds of Billions of Dollars
  • COVID-19 testing for all Americans
  • Two weeks of paid sick leave for workers with 500 or less employees
  • $ for states to help cover unemployment insurance claims

Phase 2 “Families First”

  • Signed this morning! (March 25th 2020)
  • Includes $ direct for individuals
  • ~$425 billion to cities, states, and businesses
  • Six months loan forbearance for qualifying small businesses
  • ~$200 billion for Unemployment Benefits, $ towards workers
  • ~$50 billion to passenger airlines

Phase 3 “Stimulus Package”

Sources: USA Today, Countable, Akin Gump

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ECONOMIC INJURY DISASTER LOANS (EIDL)

Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.

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HOW TO APPLY

Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.

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HOW TO APPLY

Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.

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POSSIBLE FORBEARANCE OF CURRENT SBA LOAN

Source(s): Mark Winchester, SBA Deputy Director, Houston Area. Used with permission.

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RESOURCES

Source(s): Mark Winchester, SBA.gov, John Jones

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

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TOWN HALL – TAX OPPORTUNITIES

MARCH 25, 2020

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TAX UPDATES

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$2 TRILLION STIMULUS PACKAGE

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TOWN HALL – DEVELOPING A WARTIME STRATEGY FOR 2020

MARCH 25, 2020

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TOWN HALL – DEVELOPING A WARTIME STRATEGY FOR 2020 1 Focus on others 2 Focus on opportunities 3 Focus on progress 4 Focus on today 5 Focus on what’s available 6 Focus on gratitude

In a climate of fear, anxiety, and uncertainty FOCUS on what matters.

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COMMUNITY QUESTIONS / DISCUSSION

SMALL BUSINESS TOWN HALL

MOVING FORWARD

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THANK YOU

SMALL BUSINESS TOWN HALL

MOVING FORWARD