By Lee Allphin, Employer Advantage Founder and Chairman of the Board
As part of Employer Advantage’s comprehensive suite of HR management and outsourcing services (HR, Payroll, Health & Benefits, Safety, and more), we are assisting our clients in determining their best path during, and after, the Coronavirus pandemic. Please contact us if you would like assistance with any of your Employee Administration and Compliance responsibilities: [email protected] | 877.476.9520
The COVID-19 pandemic is proving to be an endless sea of variant waves crashing down on businesses’ ability to stay afloat. Even employers that were able to take full advantage of the CARES Act’s Paycheck Protection Program (PPP), which ended May 2021, are now facing various financial burdens resulting from the severity of the Delta variant. For businesses that missed or were unable to get PPP forgivable loans, this next wave could prove to be the one to capsize any chance of survival.
Here’s What Businesses can do:
On a federal level, the Small Business Association (SBA) is continuing to be a lifeline for businesses that know to take advantage of the many programs made available to them.
On July 27, 2021, the SBA announced it had granted 10,000 venues more than $7.5 billion through its Shuttered Venue program, which distributes grants to venues in the nation’s 50 states and U.S. territories.
According to the SBA, there is still funding available to eligible applicants:
SBA’s Office of Disaster Assistance Customer Service Center is available from 8 a.m. to 8 p.m. ET to provide technical assistance with the SVOG application portal and can be reached at 1-800-659-2955 or, for the deaf and hard-of-hearing, 1-800-877-8339.
The SBA also offers a whole host of COVID relief options that businesses can explore to determine eligibility:
SBA’s resource partners, including SCORE Mentors, Small Business Development Centers, Women’s Business Centers and Veterans Business Outreach Centers, are available to provide entities with individual guidance on their applications. Applicants can find a local resource partner via a zip code search at http://www.sba.gov/local-assistance.
We also highly encourage businesses to leave no stone unturned in checking with their local and state agencies to determine if any grants or funding are available to them.
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About Employer Advantage
A New Path to HR Bliss – Trusted for more than 30 years, Employer Advantage frees you from the administrative and compliance burdens of having employees so you can focus on your business success. Versatile enough for companies of all sizes, our unique service combines comprehensive management of your employee administration and compliance with the latest software solutions, tailored to meet your individual needs and company culture. Our full-service management of Human Resources, payroll, health and benefits, workplace safety, and more enhance your profitability while reducing the costs and risks associated with employment law compliance. We provide your employees with top-notch assistance and benefits that help you increase productivity, save time and money, and attract and retain a talented workforce. And for small and mid-sized businesses, we bring you economy of scale with access to Fortune-500-level benefits, specialty assistance, and savings that would not be possible to attain on your own. Headquartered in the Midwest and serving more than 500 companies and 10,000 worksite employees throughout the country, Employer Advantage is an IRS-Certified Professional Employer Organization (PEO) (CPEO). Experienced, certified, and trusted. www.EmployerAdvantage.com
