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House Passes Bill Giving Small Businesses Leeway On COVID-19 Loans
The House passed the new bill by an overwhelming margin Thursday.
The bill would amend the Small Business Administration’s so-called Paycheck Protection Program, which provides forgivable loans to companies affected by COVID-19. The measure would lower the amount of a loan that must be used for payrolls. The bill would lengthen the time businesses have to use the loans to have them forgiven from eight weeks to 24.
It also would reduce a requirement, set by the administration, that companies use 75 percent of the loan funds on payrolls to 60 percent. Many businesses, mainly shops and restaurants where expenses like rent often far outweigh labor costs, said the rule was too tight. The bill also would lengthen the repayment term for unforgiven loans. PPP loan funds used for purposes other than payroll and fixed costs must be repaid with a 1 percent annual interest. Congress allowed that repayment period to be up to 10 years, but the administration set it at two years. The bill would reset it at five years, which will lower the size of each payment, making the unforgiven debt easier to manage.
Article Credit https://www.rollcall.com/2020/05/28/house-passes-bill-giving-small-businesses-leeway-on-covid-19-loans/
Alabama When the state’s stay-at-home order expired April 30, it issued a replacement order that encouraged people to stay home and continued to ban non-work gatherings of 10 people or more. It also allowed retailers and beaches to reopen, with restrictions. Starting May 11, new rules were put in place, through at least May 22: — Non-work gatherings […]
Some Great Ideas For Celebrating Mother’s Day During COVID-19
Mother’s Day is such a beautiful and unique day to show your appreciation for the motherly figure in your life. Whether it’s your mom, your grandma, an aunt, or someone else, honoring that person might look a bit unconventional this year as we deal with the COVID-19 pandemic.
However, there are ways to be artistic and show your love this Mother’s Day. You can perform simple acts of kindness from your home. A small celebration or gesture can go a long way.
Here are some ideas of what families can do this Mother’s Day to show your love and appreciation.
What Families Can Do
Breakfast in Bed. What mom wouldn’t want to wake up to coffee, Orange Juice, and eggs for breakfast? This is an easy, pleasant solution to make for mom.
Create a Playlist. The idea of making a playlist with mom’s favorite songs will always be appreciated. Create a playlist that includes upbeat music that will encourage the whole family to dance.
Flowers, Gifts, and Takeout. You still have time to order mom flowers or purchase a gift. Maybe some slippers, gardening tools, or candles will brighten her day. Or, if you want to host a special brunch or dinner for mom, you can order delivery to support local businesses.
The New Normal
Virtual Gatherings. Many of us will celebrate Mother’s Day virtually this year. Host a get together on FaceTime, Skype, Zoom. Planning an online ‘party’ with music, laughter, and food in each home to spend Mother’s Day.
Share Love on Social Media. If you’re on Facebook or Instagram, share a photo of you and mom with a special message. All of the likes and remarks will surely make mom smile.
Family Walk. If the weather cooperates, be sure to get outside and take a socially-distanced walk with the family.
Video Card. Can’t make it to the card store? No problem! Smartphones have made it easier than ever to record special thoughts that mom can keep forever. Make it a tradition and she can watch her child grow throughout the years. Bonus – it’s eco-friendly, too!.
From the betterpay family to yours, we wish all the mothers in this world a Happy Mother’s Day. #Iloveyoumom #betterpay
COVID-19 Relief – Sprint Coronavirus Relief
Sprint is offering unlimited data for customers and waiving late fees for the next 60 days.
https://newsroom.sprint.com/covid-19-updates-sprint-responds.htm
COVID-19 Relief – T-Mobile Coronavirus Relief
T-Mobile is offering unlimited data for customers and suspending late fees for the next 60 days.
https://www.t-mobile.com/brand/ongoing-updates-covid-19
COVID-19 Relief – Lexus Coronavirus Relief
Lexus is supporting customers in the U.S. impacted by COVID-19 to reach out to discuss your situation and find a solution for you.
https://www.lexusfinancial.com/us/en/covid-19.html
General Motors (Chevy, Chevrolet, Buick, GMC, and Cadillac) is encouraging buyers in the U.S. impacted by COVID-19 to reach out to discuss your condition and find a solution to help you.
https://www.chevrolet.com/chevy-cares-were-open
You can also receive free On-Star and free in-vehicle internet.
https://www.onstar.com/us/en/onstar-cares/
Xfinity WiFi hotspots across the country will be available to anyone who needs a connection to the internet – including non-Xfinity Internet subscribers.
https://wifi.xfinity.com/
Nissan Automotive is extending its deferred payment program for current owners. See the link below for more details.
https://www.nissanusa.com/coronavirus.html