Posted On: June 19, 2020
Posted On: May 26, 2020
Posted On: May 21, 2020
Long Island Movers
June 19, 2020 / All
All NYSMWA members,
The form and instructions for applying for SBA loan forgiveness have been updated. Here are some of the highlights:
Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. The loan forgiveness form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:
Also, I wanted to remind you that all companies currently conducting business, whether originally deemed essential, or just now reopening, are required to have a Reopening Safety Plan on hand. This plan does not need to be submitted, only made available for the state to inspect, upon request. Attached is the most recent version of the template provided by NYS. The attached template is designed specifically for “essential” businesses. You can find more information about reopening here: https://www.businessexpress.ny.gov/app/nyforward
As of right now, there are no additional reopening safety guidelines specific to the moving and storage industry. As such, the affirmation requirement is not necessary. Again, this is as of today, and subject to change. We will keep you posted.
Stay safe everyone!