Monthly Archives: March 2020

Under the COVID Stimulus Bill’s Paycheck Protection Program, eligible businesses may receive up to ten million dollars in financial assistance from the federal government.

If your business has been negatively impacted by the COVID crisis, you may be eligible for a collateral-free loan to fund a significant portion of your business’s payroll, rent and utility expenses for up to two months.  Better yet, under the Paycheck Protection Program, eligible loans will be forgiven to the extent funds are used to pay these qualifying expenses, with the federal government picking up the tab.  While these loans can be used to pay some other categories of business expenses, those categories will generally not be eligible for debt forgiveness. 

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On March 18, 2020, President Trump signed the bi-partisan Families First Coronavirus Response Act, which contains several provisions to provide aid to individuals who are affected by the COVID-19 pandemic.  Among other things, the Act provides for free coronavirus testing, enhanced unemployment benefits, additional funds for Medicaid and nutritional programs, and protection for health care workers and employees responsible for cleaning at-risk places.  Importantly for employers, it requires 2 weeks of paid leave for COVID-19 related purposes and expands FMLA-type leave, including for caring for a child when a school or place of child care is closed.  Many of the provisions end on December 31, 2020.

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To Our Valued Clients & Partners,

On behalf of all of us at Gammage & Burnham, I hope that this message finds you in good health and high spirits.

During these challenging times, the health and safety of our employees is our top priority. We are taking all necessary precautions to prevent the spread of COVID-19 in our physical office.  However, this will not prevent our dedicated attorneys and staff from continuing to provide our clients with the highest quality legal counsel and client service. You have a business to run, and so do we.

I want to assure you that all of us at Gammage & Burnham are well-equipped to meet this challenge.  

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