COVID-19 Business Resource Center

May 12, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

How to Successfully Manage Your Human Resources Operations During COVID-19

Foresight’s Stephanie Ramsey recently chatted with American Funeral Director, to give some thoughts about common HR questions employers are asking surrounding this pandemic. We have posted and linked the interview below: Human Resources During COVID-19 By Patti Martin Bartsche, American Funeral Director Editor’s Note: This information is up to date as of press time. Because the COVID-19 situation is dynamic, additional clarifications regarding the Families First Coronavirus Response Act as well as other government actions are possible. COVID-19 is forcing firms large and small to rapidly change their approach to work, raising crucial human resources concerns. While business owners arc acting to take necessary precautions. the pandemic offers an opportunity for firms to carefully review the strategies, policies and procedures they have in place to protect employees, customers and operations now and in the future. What impact does the Families […]
April 28, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

Preparing for Uncertain Times

In these totally uncharted waters we are all facing, it is imperative that we all plan for our future. It essentially boils down to three simple rules – Accept the things we cannot change Change the things we can Create a plan that maximizes your opportunity for success Accept the things we cannot change As we are all adjusting to the “new normal”, it is absolutely beyond our control what restrictions the federal, state or local governments are going to impose around our ability to serve families. Social distancing and other restrictions being imposed are having everything from minimal to extreme impact on our business. Recently the Governor of New Jersey imposed a mandate that all deceased be handled as a direct burial or direct cremation. Now, we don’t have to totally accept that lying down but it does have […]
April 24, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

Congress passes another $484 billion stimulus package

$370 billion to replenish SBA’s Paycheck Protection Program and the Economic Injury Disaster Loan Program Congress moved quickly to pass legislation that appropriates an additional $484 million to continue to finance the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Program (EIDL), along with several other initiatives aimed to mitigate the economic hardships caused by Covid-19. Following the Senate’s approval Tuesday, the House passed the bill last night and President Trump is expected to sign it into law today. The new legislation provides an additional $310 billion in new funding for the PPP and $60 billion for the EIDL.  It also allocates $75 billion for hospitals and health care providers, and $25 billion for the development and expansion of coronavirus testing, The $310 billion for the PPP includes $30 billion reserved for community-based lenders, small […]
April 24, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

Maximizing Your Loan Forgiveness in the Paycheck Protection Program

Many small business owners have already applied for a Paycheck Protection Program (PPP) loan. The PPP was created as a way for businesses to be able to keep employees on payroll. Some borrowers have already received their funding. Although you may have already received your PPP loan, there are still some vital considerations to focus on. These will help borrowers maximize on the amount of loan forgiveness received. The actions borrowers take now will impact the amount of possible loan forgiveness and it is crucial to begin the planning process immediately. How Much of the Loan Is Forgiven? According to the SBA, loans can be forgiven if employees remain on payroll during the eight-week period after the loan is funded. The money can also be used to cover specific business-related expenses. Please note that the actual amount that is forgiven […]
April 21, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

Good News! Stimulus Money Received

Despite having been told that all of the funds from the Economic Injury Disaster Loan (EIDL) funding has been depleted, one our clients was thrilled to find $7,000 had been deposited into his bank account this morning.  The funds were received as part of the option to receive up to $10,000 when applying for the EIDL. The EIDL application was submitted on March 30th and no other communication had been received prior to today. – The message – If you’ve previously submitted for the EIDL, there’s still hope! We have heard that there is more stimulus money coming and we are optimistic that additional funding will be made available soon. Although the SBA is not currently accepting EIDL applications, all indications suggest that the program will open up again once additional stimulus funds are approved by congress. There is hope […]
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