Independent Bank is proud to sponsor the Greater Memphis Chamber’s Small Business Council.  We are grateful for the online format for the “Lunch in the Know” series, keeping small businesses engaged and bringing them timely and relevant information.  The topic for most recent in the series: “Considerations on PPP and Bringing Your Employees Back” was presented by Charles Rodriguez, Vice President of Human Capital Management and Marty Barton, SVP, General Counsel & Chief HR Officer, both with Adams Keegan. 

Here, we recap our Top Takeaways:

Hurry up and wait

There are so many questions surrounding PPP, particularly as it relates to loan forgiveness, and unfortunately the answer to many of those questions is that we still don’t know.  Guidance should continue to be forthcoming, but what to do in the meantime?  Charles and Marty agree that the best thing you can do is: document, document, document!  Keep documentation of every expense you have as it relates to payroll and otherwise.  Processes and requirements could vary from institution to institution, so stay in touch with your lender early and often.  Your lender should be in the know as guidance comes out and able to help you navigate the process.

We are in this together

As you can imagine, every industry and each business has its own unique challenges as it relates to Covid-19.  It would be impossible to address them all in a webinar, but Adams Keegan has many great Covid-19 resources on their website.  Additionally, Adams Keegan offers a weekly Employers Summary Q&A Session, Fridays at 10 AM CT.   You can view the recording from May 1 here. 

Independent Bank would also like to offer the following government resources for your review and consideration:

CDC

Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)

General Business FAQs

Cleaning and Disinfecting Your Facility

Detailed Disinfection Guidance for Community Facilities

OSHA

Guidance on Preparing Workplaces for COVID-19

Enforcement Guidance for Recording Cases of Coronavirus Disease 2019 (COVID-19)

Discretion in Enforcement when Considering an Employer's Good Faith Efforts During the Coronavirus Disease 2019 (COVID-19) Pandemic

COVID-19 Guidance for Retail Workers

EEOC

Pandemic Preparedness in the Workplace and the Americans with Disabilities Act

EPA

Disinfectants for Use Against SARS-CoV-2

Local

Back-to-Business Framework for Memphis & Shelby County

 

Thank you to Charles and Marty for sharing their insights with us.  We hope they will join us a for a future webinar!  We’d also like to thank our fellow sponsors Southland Casino Racing and Baptist Memorial Health Care as well as Waddell and Associates for making the Zoom meeting possible. If you missed the webinar or would like to see it again, a recorded version can be accessed on the Greater Memphis Chamber website.