COVID-19 Update from Hertz Schram: New Rules & Opportunities for Business

By Hertz Schram 

TO ALL OUR CLIENTS AND THEIR ADVISORS:

First and foremost, we hope that you and your families are staying healthy during the pandemic.

Congress has passed unprecedented legislation in response to the economic disruption caused by the COVID-19 outbreak. Every state is deemed a “disaster” area under this legislation.

This update contains three summaries: 

1. The Leave Requirement, click the link to review The Leave Requirement summary;
2. The CARES Act, click on the link to review The CARES Act summary; and
3. SBA Loans under the CARES Act, click on the link to review SBA Loans summary.

We strongly recommend that you carefully review these summaries as they describe Federal financial relief and assistance programs now available to workers and businesses impacted by the Coronavirus pandemic.

Although our office is physically closed, we are operating our business remotely.  All our attorneys are available via phone by calling our office number at (248) 335-5000.  We encourage you to contact us to discuss the attached summaries and any other matters that might require our services.

We have provided you with links to the SBA and US Chamber of commerce to assist you in applying for the Paycheck Protection Program and the Economic Injury Disaster Loan Program authorized under the CARES Act.  Prompt relief is available, so we urge you to visit the listed websites.  The links are provided below:

1. US Small Business Administration Covid-19 Business Loan Guidance
2. US Chamber of Commerce SBA Disaster Assistance Loan Guide

In addition, we have been assisting our manufacturing and supplier clients on managing critical supplier concerns. Do not hesitate to reach out to our business attorneys for assistance on any of your business or Coronavirus-related matters.  Their contact information is as follows:

• Jeffrey Robbins  248-230-2722  jrobbins@hertzschram.com
• Steve Weiss  248-230-2715  sweiss@hertzschram.com
• Robert Geller  248-230-2723  rgeller@hertzschram.com
• Kenneth Silver  248-636-1575  ksilver@hertzschram.com
• Matthew Turchyn  248-636-1543  mturchyn@hertzschram.com
• Laurie Raab  248-636-1566  lraab@hertzschram.com

We encourage you to reach out with any questions or if you have any other business needs, please contact the Hertz Schram business and corporate legal team at (248) 335-5000 if you would like to learn more about your legal rights and options.     

Hoping all of you and your families stay healthy and SAFE during this crisis.