As a small business, you may be wondering how you are going to make it through this time- what will happen to your business and employees...  

One of our practice areas is in Business Law and we would like to extend our assistance to local small businesses that find themselves asking these questions. 

The SBA has designed a Paycheck Protection Program to help you keep paychecks going to your employees.  Our firm is ready to talk to you about this process and is currently offering free consultations to you regarding this program. 

The SBA site indicates who is potentially eligible for this program as:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)

  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:

    • 500 employees, or

    • That meets the SBA industry size standard if more than 500

  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location

  • Sole proprietors, independent contractors, and self-employed persons

You may review the size standards by using their calculator here.

If you are a small business and are interested in speaking with our office regarding this program, please call 704.871.9000 and leave a message when prompted.  We will work diligently to schedule a free consultation with an attorney to help you navigate this process and hopefully alleviate some stress that this virus has caused. 

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