SBA Loan Applications Accepted April 3 – June 30, 2020
Updated April 6, 2020
The Coronavirus Aid, Relief and Economic Security Act (CARES), passed on March 27, provides $350 billion for small businesses under the Small Business Administration’s (SBA) new Paycheck Protection Program (PPP), giving vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Loans can offer up to $10 million per company in assistance, depending upon the size of the company’s payroll. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. The SBA’s webpage gives all the information needed including who can apply, loan details and forgiveness. ILMA members should apply through their local bank. A factsheet for borrowers under the PPP is also available. The PPP will be available through June 30, 2020.
Coronavirus Aid, Relief and Economic Security (CARES) Act
FAQs: Workplace Issues for COVID-19
ILMA has been fielding member questions about the effects of the COVID-19 disease outbreak on their operations. The following are some of the more frequent questions we have received and the answers we have given. Please understand that the questions-and-answers below are from the perspective of the federal level. In many instances, there may be state and local requirements that override or control the answer. Please keep in mind that guidance from governmental agencies and public health authorities is likely to change as the COVID-19 pandemic evolves. The following answers are intended as guidance and are not legal opinions. As always consult with your local counsel. ILMA intends this to be a “living document,” so your questions are invited. Please send all questions to email@example.com.
Employer Requirements Under the Families First Coronavirus Response Act
The “Families First Coronavirus Response Act” (FFCRA) supports businesses with fewer than 500 employees and their workers affected by the COVID-19 disease outbreak. The FFCRA provides certain employees with emergency paid sick leave and/or partially paid public health emergency leave. To help pay for these paid leaves, affected employers are eligible for refundable credits toward their share of quarterly Social Security and Medicare taxes.The FFCA includes two major sections: Emergency Paid Sick Leave Act (EPSLA) and emergency Family and Medical Leave Extension Act (E-FMLA).
ILMA Resources on Continuance of Essential Business Operations
As states issue emergency declarations mandating closures of businesses, ILMA continues to advocate for continuance of lubricant manufacturing. In most states with emergency declarations, "essential businesses" are defined by a Department of Homeland Security Cybersecurity and Infrastructure Security Agency (CISA) memorandum of March 19, 2020. Under that memorandum, most ILMA member companies would be considered "essential." Here are some resources:
Steps to Take to Prepare for Enforcement Visit
Travel Certificate for Essential Employees
With an increasing number of States imposing shelter-in-place requirements, employees may need a travel certificate to keep in their vehicles, if stopped by authorities.
Governors around the country issued a series of executive orders, closing non-essential businesses in their states. A complete state-by-state analysis is available here. As we interpret these orders, in most states ILMA Manufacturing Members are considered essential or life-sustaining and can continue physical operations. For ILMA Distributor Members, we believe they can continue to operate in most states as either "Petroleum and Petroleum Products Merchants Wholesalers” or based on their ability to "enable operations that encompass movement of cargo and passengers.”
ILMA to Lawmakers: Manufacturers are Essential Businesses
This week, ILMA sent letters to the National Governors Association, the United States Conference of Mayors and the National Association of Counties in an effort to educate policymakers on the need to specifically include manufacturers in the definition of “essential businesses” under shelter-in-place declarations. ILMA also cited other businesses that rely on their lubricants including gas stations, auto repair shops, trash collection, emergency response, agriculture, food processing, electric and plumbing services and public transportation.
Continuing Manufacturing Operations Under "Shelter-in-Place" Declarations
As part of efforts to mitigate the spread of COVID-19, an increasing number of states, counties and cities across the U.S. are imposing "shelter-in-place" orders that require "non-essential businesses" to close, in many cases for at least 14 days. The definition of "essential businesses" allowed to remain open is not uniform in these orders. ILMA urges its members to contact state, county and local officials now to ensure that manufacturing facilities, including theirs, are deemed "essential businesses" so that they are not forced to close temporarily under these emergency declarations. View a sample letter for your government officials.