Harrison Support is here to help you in this changing business environment.
Not only are we challenged as business owners, but now as resources become available, we need to find those resources and understand their use.
Please check back to this page regularly as we continue to update this listing of resources.
Let us all come together to help, and give support!
Paycheck Protection Program (PPP)
If your business has received a deposit as part of the PPP, remember to keep the records necessary to fulfill the requirements to have the funds forgiven, otherwise it will be an interest loan. (As one of our clients we can do that record keeping for you)!
PPP - Established as part of the CARES Act. Qualifying small businesses may borrow up to $10 million, and be eligible for loan forgiveness. Covering payroll for 8 weeks, utilities, and rent/mortgage. Application is done through your business's bank. Contact them for more information.
If your bank is not participating or lagging in submittals, you can use the attached link, https://ppp.sba.com/ so that it will go into SBA through a provider they are working with.If you have subcontractors, you can let them know that starting April 10th, 2020 they can file for a program like this that will help them. That link is .
Grant from Commonwealth of Virginia to the Capital Region Workforce Board. This is for small businesses of fewer that 250 per site.
Economic Injury Disaster Loan (EIDL) – This application is to see if you qualify to have a loan to cover rent, mortgage, and utilities. This application also lets you request a $10,000 advance to cover costs. To apply go to the link.
FamiliesFirst Coronavirus Response Act (FFCRA) – This is the latest opportunity for small businesses. Two key pieces of this legislation are the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act. Generally, the Act provides that employers must provide to all employees two weeks of sick leave during the period of April 1, 2020 and December 31, 2020 if they qualify for the leave by the guidelines. However, this leave can qualify for a dollar-for-dollar reimbursement through tax credits from the FFCRA Act . For details - To enroll, contact your payroll provider as to their application/disclaimer forms. They should then be able to code your ongoing payroll submissions to automatically account for any tax credits that may be available during the Act time frame.