Federal Guidelines

Pender & Associates is here to help you navigate the evolving legislation related to the COVID-19 pandemic and make educated decisions on how to manage your staff during this time. Please review the below resources highlighting the FFCRA and CARES Acts. Contact our brokers or assistants with any questions.

Families First Coronavirus Response Act (FFCRA)

  • Requires some employers to provide paid sick leave and extended family and medical leave to employees
  • Leave ranges from 2 weeks – 10 weeks and payment ranges from 66.67% – 100% depending on COVID-19 related qualifying reason
  • Private employers with under 500 employees are required to comply, with some exceptions for employers with under 50 employees and can be reimbursed dollar-for-dollar for qualifying wage payments via tax credits
  • Effective April 1, 2020 – December 31, 2020

FFCRA Employer Requirements


Coronavirus Aid, Relief And Economic Security Act (CARES)

  • Institutes Paycheck Protection Program (PPP), emergency small business loans to help cover payroll and overhead costs to keep individuals employed, which may be forgiven if borrowers maintain their payrolls during the pandemic
  • Reference page 2 of the below document for PPP eligibility requirements
  • Check if your banker is participating in the PPP and check the Treasury Dept.’s Resource page for the application
  • Also allows businesses with under 500 employees to apply for Economic Injury Disaster Loans (EIDL) of up to $2 million for working capital to help cover payroll or other debts, with favorable fixed rates
  • Applicants can also request an advance of $10,000 which will be sent within three days of submitting the loan application and is not repayable even if your application is denied
  • Reference page 3 of the below document for EIDL eligibility requirements
  • Apply for an EIDL directly through the SBA at this link
  • CARES Act also expands insurance benefits to cover COVID-19 testing with no cost-sharing barriers and to include telehealth visits under high deductible health plans without first requiring the deductible to be met

CARES Act Small Business Loan Overview

12/27/20 COVID-19 relief bill