Economic Injury Disaster Loan
"Targeted" forgivable emergency advance of up to $10k being offered in 2021. Can be applied for w/ PPP2 if used for different expenses. SBA will contact those who are in the low-income targeted areas who previously received advances or had applied and funds were depleted. Must prove 30% reduction in sales for 8-week period that began 3/2/2020, or later.
Employee Retention Tax Credit
Refundable credit up to $14,000 per employee taken against payroll tax deposits or advanced by IRS. Sales must be down at least 20% from same quarter in 2019. Can be used with PPP2 but not for the same expenses.
Payroll Tax Deferral
Defer payment of employer portion of social security taxes on wages paid through 12/31/20. Repay 50% - 12/31/21 and 50% - 12/31/22. Can be used along with a PPP loan.
FFCRA - Sick/Family Leave
Find information on your responsibilities as an employer to provide paid time off to the sick, quarantined and caregivers. Employer is reimbursed via tax payments withheld.
MANDATORY through 12/31/2020
VOLUNTARY through 03/31/2021