Mar 27, 2020
3:32:29pm
3:32:29pm
Unemployment will cover April, and the SBA loan will cover May and June.
The SBA loan can only be forgiven for 2 months. Since we are closed, we will have them collect their full salaries through unemployment for the first month while they are not working and use the SBA for the 2nd and 3rd month. We will continue to cover healthcare as they are furloughed, not laid off.
Originally posted on Mar 27, 2020 at 3:32:29pm
Message modified by BYUCLA on Mar 27, 2020 at 3:33:22pm
Message modified by BYUCLA on Mar 27, 2020 at 3:33:53pm
Message modified by BYUCLA on Mar 27, 2020 at 3:36:03pm
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3/27/20 3:21pm
"furloughing our employees temporarily onto unemployment" - what does that mean? Not pay them until they quit?
3/27/20 3:23pm
3/27/20 3:24pm
3/27/20 3:23pm
3/27/20 4:11pm