Part of CARES Act of 2020

Paycheck Protection Program Overview

The CARES Act focuses on providing economic relief with a newly-created tool: the Paycheck Protection Program (“PPP”). This program expands the existing Small Business Administration (“SBA”) loan program and allows the SBA to provide additional loans and loan forgiveness to businesses and certain individuals as a result of the COVID-19 pandemic. PPP loans may be obtained by contacting an SBA-approved lender. The SBA will provide loans through the PPP during the covered period, from  February 15, 2020 to June 30, 2020.

Does My Business Qualify?

The PPP expands existing SBA coverage. The following types of entities and individuals can qualify for loans through the PPP:

Small Businesses & Certain Nonprofit Organizations

Business concerns, 501(c)(3) organizations, veteran’s organizations, and tribal business concerns that either employ 500 or fewer employees or employ not more than the size standard established by the SBA for their industry are eligible for the PPP.

Entrepreneurs & Independent Contractors

The PPP also extends coverage to eligible sole proprietors, independent contractors, and self-employed individuals. In order to receive a loan through the PPP, these individuals must furnish certain documentation, such as Form 1099-MISC and profit and loss statements to establish eligibility.

Food & Accommodation Sector

A business that has more than one physical location, but is designated under NAICS code 72, the Food and Accommodation Sector, is eligible for a PPP loan as long as each location does not employ more than 500 employees.

We are on extra high alert as we serve our clients in the Pawcatuck and Westerly area. We are asking all of our caregivers and family members to be aware of your surroundings and educate our clients about the precautions of coronavirus. Our caregivers will be emphasizing for you to stay in the home, keep healthy, and refrain from any outings. We will be extra diligent about washing hands and sanitizing all surfaces including doorknobs, countertops, tv controls, and cell phones in homes daily.

The CDC website guidance is what we follow when determining the suitability of staying the home. Considerations for care at home include whether:

• The patient is stable enough to receive care at home.
• Appropriate caregivers are available at home.
• There is a separate bedroom where the patient can recover without sharing immediate space with others.
• Resources for access to food and other necessities are available.
• The patient and other household members have access to appropriate, recommended personal protective equipment (at a minimum, gloves and facemask) and are capable of adhering to precautions recommended as part of home care or isolation (e.g., respiratory hygiene and cough etiquette, hand hygiene);
• There are household members who may be at increased risk of complications from COVID-19 infection (.e.g., people >65 years old, young children, pregnant women, people who are immunocompromised or who have chronic heart, lung, or kidney conditions).

We will keep this page updated with further information for our clients and their families as the coronavirus runs its course.