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COVID-19 Knowledge Center

Staying empowered in times of uncertainty

The coronavirus (COVID-19) outbreak is impacting individuals and organizations in unprecedented ways. Rehmann is focused on providing practical guidance and insights to help empower organizations and individuals as we navigate through the uncertainty and complexity of this pandemic, together. 

Whether it's assistance with new ways of conducting business remotely, help navigating complex HR matters, or assistance with cash-flow management and projections, Rehmann professionals are prepared and ready to provide you with insight, expertise and the solutions you need.

Contact us today for help managing the impact of COVID-19.

 

 

 


Resources by Topic

Click on the topics below for COVID-19 resources. 

 

SBA Provided $20 Billion to Small Businesses and Non-Profits Through the Economic Injury Disaster Loan Advance Program | 7.11.2020
Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding.

[On-Demand Webinar] Paycheck Protection Program: Forgiveness, New "EZ" Application and Additional Important Updates  | 6.22.2020
The Paycheck Protection Program was recently changed to provide borrowers with more time and flexibility to maximize forgiveness. In this webinar, you will learn about the Paycheck Protection Program Flexibility Act (PPPFA) and its impact on the program, the new "EZ" forgiveness application and additional important guidance for borrowers. Recording | Materials

[On-Demand Webinar] Navigating PPP Loan Forgiveness | 5.19.2020
During this webinar, our presenters discuss what we know about the forgiveness process, a breakdown of the forgiveness application and areas where more clarification/guidance is needed. Recording | Materials

[Podcast] Breaking Down the Main Street Lending Program | 5.4.2020
Rehmann Principal, Jim Carpp, CISA, CRISC, CIRM, CISM and Mike Stapleton, Senior Vice President and Commercial Lender at Mercantile Bank of Michigan, discuss the new Main Street Lending Program including an overview of the terms, clarity on loans for borrowers and lenders and how to access additional resources to help navigate the program.

[On-Demand Webinar] Understanding PPP Forgiveness & Maintaining Compliance (Lansing Chamber) | 4.28.2020
Rehmann principals, Tom Shemanski, CPA and Andy Rose, CPA, CGMA, discuss how small businesses can maximize their recently obtained PPP loan. To download the slide deck for the presentation, click here.

[FAQ] Paycheck Protection Program | 4.16.2020

[Infographic] Small Business Administration (SBA) Resources  | 4.6.2020
This infographic breaks down SBA resources and guidelines for small businesses.  

[Article] Disaster Funding Available for Virus-Stricken Businesses | 3.24.2020
Many businesses rely on the steady stream of customers; however, in many states, businesses either cannot open, only offer limited service, or are not getting much of any activity because of social distancing, and it is creating a big cash flow problem. There are a few financial options and during this dynamic and fluid time and strategy is very important, as time is of the essence.

Additional resources available:

 

[Podcast] What small businesses have learned from their mistakes | 7.2.2020

[Article] 5 Five considerations to make during COVID-19 | 4.21.2020
As we grapple with the impact of COVID-19 on the economy, employment and federal and state policy, clear direction is needed to inform a long-term path forward.

[Article] U.S. Chamber of Commerce Launches the Save Small Business Fund | 4.17.2020
The U.S. Chamber of Commerce Foundation has launched the Save Small Business Fund, which is a collective effort to provide $5,000 grants to as many small employers as possible.

[Article] Accounting effects of the Coronavirus on fair value measurements | 4.15.2020
The coronavirus disease 2019 (COVID-19) is throwing a wrench into fair value measurements. Even the basic definition of fair value requires a closer look.

[Article] Why it’s critical to take stock of current loans and bank agreements during COVID-19 | 4.2.2020
As businesses assess their financial future amid this current crisis, they should consider taking advantage of local, state and federal aid programs. However, it’s critical to take a close look at existing lending relationships and agreements first.

[Article] Business Interruption Insurance During a Pandemic | 3.31.2020
If your business was forced to shut down, or has been drastically altered in how it conducts business following state mandates and stay-at-home orders, you might be wondering about business interruption insurance and whether the COVID-19 outbreak triggers this type of coverage for your operations.

[Article] Preparing for the Impacts of Coronavirus | 3.17.2020
We have compiled our top recommendations that business leaders should review as part of continuity planning to minimize the impact and disruption this virus has on businesses.

[Article] What to Know About Payroll Tax Relief and Advance Payments | 4.28.2020
Eligible businesses can take advantage of payroll tax relief, thanks to both the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA). Here’s what you need to know about the kinds of tax relief available, how to qualify and the conditions that must be met.

[Podcast] Tips for working remotely | 4.21.2020
Rehmann's Director of Talent Acquisition, Val Martinez discusses tips for working at home. 

[Recorded Q&A] Families First Coronavirus Response Act | 3.30.2020
Rehmann Principals, Susan West, SPHR, SHRM-SCP and Sandy Shecter, CPA, CGMA discuss a variety of topics including determining how the Families First Coronavirus Response Act applies to their business, evaluating the impact of "shelter-in-place" and essential workforce directives, evaluating potential layoff and closure strategies and what that means for their workforce, and reviewing payroll tax credits.

[Infographic] The Families First Coronavirus Response Act | 3.30.2020
This infographic breaks down the key components of the FFCRA. 

[Article] The Families First Coronavirus Response Act: Employers Faced with Tough Decisions as COVID-19 Impact Continues | 3.23.2020
The tough decisions employers have had to make as a result of the global pandemic have been critical to business survival as well as their employees’ well-being. These decisions no doubt will continue as other new state and federal legislation and directives such as shelter-in-place may be forthcoming. 

[Article] COVID-19 Legislation Affects Employer-Sponsored Health Plans, Addresses FMLA and Sick Leave | 3.20.2020
Congress has passed, and the President has signed, legislation intended to ease the economic consequences stemming from the novel coronavirus disease (COVID-19) outbreak by expanding FMLA and sick leave available to employees and providing tax credits to employers providing the leave. The legislation also affects employer-sponsored health plans.

Additional resources available:

COVID-19 Employer Tax Provisions Summary | 4.28.2020

[Article] The CARES Act Provides Assistance for State and Local Governments | 4.13.2020
Through the Coronavirus Relief Fund, the CARES Act provides for payments to State, Local, and Tribal governments navigating the impact of the COVID-19 outbreak. 

[Article] The Families First Coronavirus Response Act: Employers Faced with Tough Decisions as COVID-19 Impact Continues | 3.23.2020
The tough decisions employers have had to make as a result of the global pandemic have been critical to business survival as well as their employees’ well-being. These decisions no doubt will continue as other new state and federal legislation and directives such as shelter-in-place may be forthcoming. 

[Audiocast] Coronavirus Aid, Relief, and Economic Security Act | 3.31.2020
Passed Friday, March 27, the act contains provisions to help America’s employers, employees and healthcare system among other items. The bill provides stimulus funding and emergency assistance to both individuals and businesses that have been impacted by the virus. Listen to our audiocast where we address business operations, loan programs and tax provisions. Click here for the presentation deck. 

[Article] Coronavirus Aid, Relief, and Economic Security Act (CARES Act) | 3.26.2020
Many businesses rely on the steady stream of customers; however, in many states, businesses either cannot open, only offer limited service, or are not getting much of any activity because of social distancing, and it is creating a big cash flow problem. There are a few financial options and during this dynamic and fluid time and strategy is very important, as time is of the essence.

[Article] House passes bill to provide coronavirus relief; Senate expected to act this week | 3.21.2020
Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the spread of the coronavirus (COVID-19) and the implications for individuals and businesses.

 

[Article] What to Know About Payroll Tax Relief and Advance Payments | 4.28.2020
Eligible businesses can take advantage of payroll tax relief, thanks to both the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA). Here’s what you need to know about the kinds of tax relief available, how to qualify and the conditions that must be met.

[Resource] AICPA | State Tax Filing Guidance for Coronavirus Pandemic

[Article] State Responses to COVID-19 | 3.21.2020
With the IRS having officially announced an extension to July 15 for income tax payments, otherwise due April 15, states are beginning to develop their own responses to the filing and payment deadlines.

[Article] IRS Confirms July 15, 2020 Federal Income Tax Filing and Payment Due Date | 3.21.2020
On Friday, March 20, 2020, the IRS issued Notice 2020-18 backing Treasury Secretary Mnuchin’s earlier announcement that the due date for income tax returns normally due on April 15th will be moved to July 15th.

IT Business Continuity Checklist | 4.30.2020
Assessing your company's remote work capabilities 

[Article] IT leadership: 8 remote workforce tips for optimal access, security and productivity | 4.27.2020
Establishing safe and secure access for your remote workforce can prove overwhelming – as leaders seeking optimal productivity and for team members, who are adjusting to this new workplace culture – but there are simple steps IT departments can take to ensure a smooth transition for everyone during this time.

[Article] Tech Tips to Stay Safe During COVID-19 Crisis | 4.21.2020
Even as the coronavirus (COVID-19) outbreak affects us in unprecedented ways, scams persist. Here are some strategies to protect your organization and stay productive in the face of COVID-19.

[Article] Working from Home: Equipping your team for security and success | 4.6.2020
Organizations across the globe raced to build remote workforces as the coronavirus pandemic spread at a rapid pace. While many are now operational, questions remain for companies looking to ensure their remote workforce is equal parts productive and safe.

[Article] COVID-19 seen increasing cyber risks from firms with growing phishing threats, remote working | 4.1.2020
Legal experts are warning companies to beef up their cybersecurity defenses as COVID-19 presents new opportunities for fraudulent email, increased phishing and other risks related to the rise of employees working from home

Technology podcasts:
Rehmann principal Jim Carpp, sits down with several Rehmann advisors and special guests to discuss hot topics in technology as related to COVID-19. 

Additional resources:

[Recording] Your Retirement Plan During COVID-19
Sound financial planning and decision making is crucial, now more than ever, and it starts with looking closely at the things we can control as opposed to getting swept up in the white noise of what we can’t control. This new landscape is unknown territory in some ways, but history reminds us that the economy, as well as investment markets, are resilient and will eventually recover.

[Article] Stay empowered and make sound financial decisions during the pandemic | 4.16.2020
Financial markets experiencing record volatility, millions of Americans losing their jobs, a health crisis that’s changing everyday life for the foreseeable future, and likely beyond – these are the harsh realities during this unprecedented time. It would be easy – and understandable – to allow your anxiety to overwhelm you, especially as it relates to your financial security, but there’s hope even in these darker moments.

[Article] How is the Coronavirus infecting the market? | 3.9.2020
While it may appear that we are getting through the initial market shock, coverage of the coronavirus continues and as the scope of the virus remains uncertain, it is common for the global market to follow suit. The equity markets have, in a very short time, declined as a result of this catalyst. What always seems to ring true? Equities detest uncertainty.

Additional resources available:

 

Industry Resources

 Click on the industries below for COVID-19 resources. 

 

[Article] SBA Loan Program Now Available to Growers | 4.24.2020
While growers initially were unable to benefit much, if at all, from federal relief efforts aimed at helping businesses impacted by the COVID-19 pandemic – namely, the Economic Injury Disaster Loan (EIDL) and Paycheck Protection programs – new legislation now allows farmers to receive funding.

Additional resources available: 

[Article] How Cannabis Businesses Can Turn to Payroll Tax Deferral for Financial Relief | 6.15.2020
Unlike other businesses that secured federal financial relief during the pandemic, state-legal medical and recreational cannabis businesses found themselves out of luck given they’re unable to qualify for the Paycheck Protection Program loans provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

[Update] Licensed Marijuana Operations Under COVID-19 Executive Orders (MRA) | 5.28.2020
In accordance with Executive Orders, the Marijuana Regulatiory Agency (MRA) is taking proactive steps to ensure marijuana businesses implement practices to protect their employees, medical marijuana patients, caregivers and adult-use customers.

[Article] In Lieu of SBA Loans, Cannabis Sector Turns to State Options (Fox Rothschild) | 4.6.2020
In the economic downturn triggered by the COVID-19 pandemic, cannabis companies operating in the marijuana space cannot look to the federal Small Business Administration to obtain Economic Injury Disaster Loans or Paycheck Projection Loans. But there are some state and local programs available to those companies.

[Article] Cannabis, Coronavirus and Federal Disaster Assistance (Harris Bricken) | 3.30.2020
In most states with approved cannabis programs, both medical and adult use marijuana sales have been designated “essential services” by state and local governments. With this support, the supply chain has weathered the COVID-19 pandemic better than many industries. Still, the pandemic continues unabated and cannabis businesses are far from secure.

[News Release] Marijuana Regulatory Agency (MRA) advisory bulletin: 'Stay Home, Stay Safe' Executive Order Issued | 3.23.2020
The true impact of a COVID-19 outbreak in a U.S. community cannot be predicted. However, all healthcare facilities can take steps now to prepare for such an outbreak and protect both their patients and staff.

Additional resources available:

[Webinar Recording] Back to Building: Part 2 | 6.25.2020
This one-hour group discussion addresses the questions that arise after returning to production after the shut-down – including PPP funding, contract matters, insurance implications and human resource challenges.

[Webinar Recording] Navigating Construction Financials During the Pandemic & Beyond | 6.4.2020
Understand how best to navigate your business’ new financial landscape by joining Rehmann and Associated General Contractors of Michigan for the webinar "Navigating Construction Financials during the Pandemic – and Beyond." Our experts discuss the necessary steps and key things to consider as your construction company returns to the worksite. Presented by Andrew Rose, CPA, CGMA, Tom Shemanski, CPA. Recording | Materials

[Webinar Recording] Back to Building | 5.5.2020
In this webinar, our experts discuss the necessary steps and key things to consider as your construction company returns to the worksite. Presented by Andrew Rose, CPA, CGMA, Tom Shemanski, CPA and Susan West, SPHR, SHRM-SCP. Recording | Materials

[Podcast] Getting Back to the Worksite | 5.5.2020
Industry leaders Bob Nagle and Andrew Rose discuss the Construction Industry returning to the worksite and the things you may want to consider while navigating these challenging times.

[Podcast] COVID-19 impact on the construction industry | 4.3.2020
Rehmann Principals, Andy Rose, CPA, CGMA and Jim Carpp, CISA, CRISC, CIRM, CISM discuss the impacts of COVID-19 including SBA financial support options, a breakdown of new legislation and specific items that affect the construction industry.

Additional resources available:

[Article] Updated COVID-19 Loan Accommodations Guidance Released for Financial Institutions | 8.5.2020
Prudent risk management and consumer protection principles are topics covered in a joint statement released on Aug. 3, 2020 by the Federal Financial Institutions Examination Council. The joint statement provides this guidance as financial institutions work with borrowers on the continuation loan accommodations that will likely be needed throughout the ongoing economic crisis.

[Article] Paycheck Protection Program: Critical Accounting Steps for Financial Institutions | 5.27.2020
The task of processing Paycheck Protection Program (PPP) loans is a high priority for financial institutions right now. This article breaks down items to consider when accounting for these loans.

[Update] Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans (FDIC) | 5.20.2020
The federal financial institution regulatory agencies today issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers' short-term credit needs.

[Update] Federal Financial Regulatory Agencies Issue Interagency Policy Statement on Allowances for Credit Losses and Interagency Guidance on Credit Risk Review Systems (FDIC) | 5.8.2020
Four federal financial regulatory agencies have approved a policy statement on allowances for credit losses.

[Update] Federal Reserve Board announces interim final rule to delete the six-per-month limit on convenient transfers from the "savings deposit" definition in Regulation D (FDIC) | 4.24.2020
The Federal Reserve Board on Friday announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions) to delete the six-per-month limit on convenient transfers from the "savings deposit" definition.

[Article] Financial Services: A Closer Look at Loan and Lease Losses | 4.21.2020
As the global pandemic continues to significantly affect businesses’ bottom lines and individuals’ pocketbooks, financial institutions are grappling with the impacts on accounting and financial reporting – specifically, what the devastation wrought by COVID-19 means for their first quarter allowance.

[Article] CARES Act Regulatory Capital Interim Final Rule | 4.15.2020
To provide liquidity to small business lenders and the broader credit markets, to help stabilize the financial system and to provide economic relief to small businesses nationwide, the Board of Governors of the Federal Reserve System authorized each of the Federal Reserve Banks to participate in the Paycheck Protection Program Lending Facility (PPPL Facility).

[Update] Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19 (FDIC) | 4.14.2020
The federal banking agencies today issued an interim final rule to temporarily defer real estate-related appraisals and evaluations under the agencies' interagency appraisal regulations.

[Update] Agencies Issue Revised Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus | 4.7.2020
A revised interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications was issued. The revised statement clarifies the interaction between the interagency statement issued on March 22, 2020, and the temporary relief provided by Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act.

[Update] Agencies Announce Changes to the Community Bank Leverage Ratio | 4.6.2020
The federal bank regulatory agencies today announced the issuance of two interim final rules to provide temporary relief to community banking organizations.

[Update] Fannie Mae Expectations on Appraisals under COVID-19 | 3.23.2020
Understanding that it may not be possible to obtain a full appraisal of the interior and exterior of a home, Fannie Mae has issued guidelines on temporary alternatives and options for appraisals. Within these publications they also indicate that they are working closely with Freddie Mac to ensure commonality in the clarity and flexibility being provided.

[Update] Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus | 3.22.2020
The Interagency Statement on Loan Modifications and Reporting by Financial Institutions Working with Customers Affected by the Coronavirus to encourage financial institutions to work constructively with borrowers impacted by the Coronavirus Disease 2019 (referred to as COVID-19) and provide additional information regarding loan modifications.

[Update] Paycheck Protection Program Information Sheet for Lenders
The treasury has issued an informational sheet laying out who is eligible to provide lending assistance under the recently issued Paycheck Protection Program (PPP). In addition, it addresses a series of frequently asked questions.

Additional resources available: 

 

[Update] Appeals court rules HHS has authority to implement site-neutral payments, dealing blow to hospitals (Fierce Healthcare) | 7.17.2020
A federal appeals court ruled the federal government has the authority to cut Medicare payments to off-campus clinics to bring them in line with independent physician practices, reversing a lower court’s decision.

[Podcast Series] COVID-19 impact on healthcare practices
In this podcast series, our advisors discuss the impacts of COVID-19 on the healthcare industry including topics like managing cash flow, utilizing telemedicine, new legislation and how it is affecting healthcare practices and additional resources that are available. Listen now:

[Webinar Recording] Your Practice Received PPP Funding... Now What? | 5.15.2020 
In this webinar, our speakers discuss what's next for healthcare practices that received financial support due to the COVID-19 pandemic.
Recording | Materials

[FAQ] What to Know About HHS Payment Eligibility, Distributions and Special Conditions | 4.24.2020

[Update] HHS Stimulus Funding: Additional Allocations and Updates | 4.24.2020
The U.S. Department of Health and Human Services announced this week additional allocations for the $100 billion being distributed to hospitals and other healthcare providers on the front lines of the coronavirus response. Here’s the latest information on these funds, part of the Provider Relief Fund that is a component of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

[Article] Help for Healthcare Professionals: Inside the CARES Act Provider Relief Fund | 4.17.2020
Healthcare providers in areas heavily hit by the COVID-19 pandemic, as well as those who are struggling to keep their practice and facility doors open due to canceled elective services and healthy patients delaying care, can receive federal funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Additional resources available: 

[Update] GASB Releases CARES Act and Coronavirus Technical Bulletin (NACUBO) | 7.9.2020
A Technical Bulletin released on July 2 clarifies the accounting, reporting, and recognition criteria for various program resources under the CARES Act.

[Update] DOE Updates Statement on Guidance | 5.21.2020

[Update] GASB Issues New Guidance In Light of COVID-19 (NACUBO) | 5.14.2020
In light of COVID-19, the Governmental Accounting Standards Board (GASB) acted swiftly to formalize its decision to extend implementation dates for major standards by releasing Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance.

[Update] New Accounting Tutorial Addresses CARES Act Institutional Aid (NACUBO)
Congress’s multi-phase response to the coronavirus crisis has resulted in many new federal programs that are meant to assist college students and institutions of higher education. As with any federal program with funds provided to colleges and universities, there are compliance, recognition, and accounting and reporting considerations to address.

[Update] State Higher Education Appropriations Remain Below FY09 Levels (SHEF)
The impacts of COVID-19 on public higher education revenues and enrollment are unknown and potentially severe. Amidst this uncertainty, the SHEF report offers a comprehensive look at where states stand as they enter this complex funding environment.

[Update] ED Issues Guidance on Coronavirus Stimulus Funds for Emergency Grant Aid | 4.20.2020
The Department of Education has released its first guidance on the disbursement of some of the funds appropriated to colleges and universities in the Education Stabilization Fund of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as well as how much individual institutions will receive.

[Update] GASB Proposes Delaying Effective Dates for Most Standards | 4.17.2020
The Governmental Accounting Standards Board (GASB) issued an exposure draft on April 15 that would postpone by one year the effective dates of most standards and related implementation guides.

[Article] What the Coronavirus Stimulus Means for Higher Education Employer and Tax Benefits | 3.27.2020

[Update] FSA notice delaying new Annual Student Loan Acknowledgement requirement  | 3.27.2020
In response to school concerns and the unprecedented disruptions caused by the coronavirus (COVID-19), we will be delaying the requirement that borrowers complete the Annual Student Loan Acknowledgement prior to disbursement for the 2020–21 Award Year. Instead, the borrower completion requirement will begin with the 2021–22 Award Year.

[Update] Information for Accrediting Agencies Regarding Temporary Flexibilities Provided to Coronavirus Impacted Institutions or Accrediting Agencies | March 17, 2020

[Update] FSA guidance on Federal Work Study community service requirement waiver requests | 3.16.2020
The following information explains how a school requests a waiver of the community service expenditure requirements under the FWS Program for the 2020–21 Award Year.

[Update] ED Title IV compliance guidance for institutions impacted by Coronavirus | 3.5.2020
This electronic announcement addresses concerns expressed by higher education leaders regarding how they should comply with Title IV, Higher Education Act (HEA) policies for students whose activities are impacted by Coronavirus (COVID-19), either directly because the student is ill or quarantined, or indirectly because the student was recalled from travel-abroad experiences, can no longer participate in internships or clinical rotations, or attends a campus that temporarily suspended operations.

Additional resources available: 

[Webinar Series] Back to Business: The Manufacturing Industry
As states begin to lift restrictions put in place during the pandemic, a new normal is emerging – a way of life that brings forth many questions, particularly for manufacturers. We've developed the following three-part webinar series to help you move forward confidently.

[Infographic] How to Align Manufacturing Workstations (CDC)

[Infographic] Prevention Strategies for Manufacturing Employees (CDC)

[Infographic] Protection for Manufacturing Employees (CDC)

[Update] Interim Guidance from the CDC and OSHA for Manufacturing Workers & Employers (CDC)

[Toolkit] Safe Work Playbook (LEAR)

Additional resources available: 

[News Release] Tech Startup Stabilization Fund Offers Support for Early-Stage Tech Companies During COVID-19 Outbreak | 4.16.2020
ID Ventures and the Michigan Economic Development Corporation just announced the creation of the Tech Startup Stabilization Fund (TSS Fund) to provide capital and support to Michigan startups impacted by Covid-19 and the resulting economic crisis. Managed by ID Ventures, the goal of the TSS Fund is to help extend the runway of impacted startups and put them on a path to scale once the downturn subsides.

[Letter] Comments of the Association for Corporate Growth on "Main Street Lending Program" (ACG) | 4.16.2020
The Association for Corporate Growth (ACG) sent comments to the Federal Reserve regarding the recently announced Main Street Lending Program, created under Coronavirus Aid, Relief, and Economic Security (CARES) Act.

[Podcast] COVID-19 impact on private equity | 4.2.2020
Rehmann Principals, Erik Schumacher, CPA and Jim Carpp, CISA, CRISC, CIRM, CISM discuss the impacts of COVID-19 on private equity including topics like the SBA's affiliation rules and how they impact access to financial support, the importance of working with key partners on the loan process and additional resources that are available.

[Update] Affiliation in the Context of SBA Loans - Guidance for Venture Capital Investors | 3.27.2020
With the passage and signing of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) on Friday, March 27, many businesses are expecting to take advantage of the numerous relief provisions including the expanded Small Business Administration (SBA) loan programs. Many expect to expediently apply and take advantage of this needed source of funding, however many Private Equity and Venture Capital back business are taking pause to study the SBA’s affiliation rules to ensure they meet the CARES Act and SBA definitions of “small businesses”. These SBA’s affiliation rules are broader than most common understandings of the affiliation concept, and will play a large role in determining if a business qualifies under the employee limitations.

 

 

 

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