CARES Act Customer Resources
Scott Labs is dedicated to the success of its customers - from beverage quality to economic outcome. In light of the COVID-19 pandemic, we have curated several helpful resources now available. Our goal is to enable our customers to sustain their business and ensure we all continue to thrive, now and in the future.
The federal government has approved major pieces of legislation to support the American economy. These include the FFCRA (Families First Coronavirus Relief Act) which identifies labor rights and sick time as well as reimbursement schedules for employers. It also includes the CARES Act, which designates direct grants, forgivable loans, and more to support ALL small business (<500 employees) in the USA. Most impactful for many of our customers is the Paycheck Protection Program (PPP) in the CARES act which effectively offers 250% of monthly expenses (payroll, rent, utilities, etc.) in the form of a forgivable loan for qualified expenses.
While the information noted here and linked below is not intended and should not be used as legal or tax advice, we HIGHLY recommend you reach out to your CPA, legal counsel or bank to understand your options. There is $350 billion available in the PPP program and we hope our qualified Small Business customers are able to take advantage of it.
Please note: the information in the links below are meant to be helpful, but reflect the views and advice of the attributed source and not necessarily those of Scott Laboratories, Inc.