United for ECE: Resources
Attention! The Small Business Administration (SBA) and Treasury have announced NEW, SIMPLER loan forgiveness for Paycheck Protection Program (PPP) loans of $50,000.00 or less! (As of 10/8/2020). More here.
If you are a participant in the United for ECE program, please contact Rebecca Holmes to get your analysis for loan forgiveness completed as soon as possible!
A Guide to the Paycheck Protection Program (PPP) and Economic Impact Disaster Loan (EIDL) Advance.
The purpose of the webinar is to familiarize directors of early childhood centers in the United ECE partnership with the terms of the PPP and EIDL
Advance and the rules for maximizing loan forgiveness. The webinar is intended to answer the questions:
How can I spend my PPP Loan in order to apply for full or partial loan forgiveness?
How can I spend my EIDL advance?
If I received both the EIDL advance and PPP Loan funds, how does that impact my PPP loan forgiveness eligibility?
You may access the webinar at any time. Use the password: Ua95$=Aa to open this webinar.
Please see our updated handout: Updated Introductory Webinar 1 Handout, which includes changes to the PPP after the PPP Flex Act. This handout provides current information about the program as of 6/5/2020.
The purpose of this webinar is to review the math involved with the PPP. This webinar is intended to be used only after viewing Introductory Webinar 1 as you will need to understand the basic structure of the PPP in order to understand where the calculations fit into the program.
This webinar will review the math involved and provide step-by-step examples of how to calculate:
- Owner-Employee Covered Payroll
- Spending in the Covered Proportion and Reduction of Loan Forgiveness
- FTE (Full Time Equivalent) Calculation and Reduction in Loan Forgiveness
- EIDL Advance impact on total loan forgiveness.
If you are viewing the webinar agenda, please note that #1 is addressed in full by 18 min, 44s (18:44), #2-3 are addressed in full by 23:33; and #4-5 are addressed in full by 44:30; leaving just over six minutes of the full 50:50 webinar for agenda items #6&7.
You may use this webinar in conjunction with the FTE Reduction Calculator and Tutorial, listed on the Resources Page under "Tools".
Paycheck Protection Program (PPP) and
Economic Impact Disaster Loan Advance (EIDL Advance)
Frequently Asked Questions (FAQs)
Note: The information in this document is not legal advice and does not create an attorney-client relationship. The information in this document is current as of August 26, 2020. If the answers change as the SBA releases additional guidance or rules, this document will be updated as soon as possible with a new "current" date.
This information is provided to directors of early childhood care centers in the United ECE program with Loyola University, United Way of Southeast Louisiana, and Agenda For Children. The contents of this FAQ may not be applicable to others.
In response to the global COVID-19/Coronavirus Pandemic, the United States Congress has implemented programs to provide loans and grants to small businesses to help keep their businesses running and to help pay their employees. The FAQs here are intended to provide information about two programs through the Small Business Administration (SBA): the PPP and the EIDL/ EIDL Advance.
The purpose of this FAQ is to create access to common questions and answers that child-care centers have posed for how to use the money received from these loan programs. Many child-care centers want to plan to maximize forgiveness of their loans and/or want to spend any money received from those loans or grants in the ways required under their loan or grant. Child care centers have asked how to plan to use the money from their PPP loan in a way that can maximize their forgiveness on the loan (and not have to repay all or part of the loan!). The list below are some of the most common questions posed by directors of child care centers about common program rules.
Benjamin Landau-Beispiel, Gillis Long Law Clerk
Rebecca Holmes, Staff Attorney
The Stuart H. Smith Law Clinic and Center for Social Justice
Loyola University New Orleans College of Law 526 Pine Street, New Orleans, LA 70118
Note: The information in this document is not legal advice and does not create an attorney-client relationship.
This information is current as of August 26, 2020.
This calculator is a tool that business owners may use to input payroll information and calculate estimates of reduction quotients. This tool is intended to be used for planning purposes for businesses who want to calculate how they can meet the FTE rule for the Paycheck Protection Program (PPP) to maximize loan forgiveness.
Please review this Tutorial prior to use.
The Tutorial video includes an introduction on why and for what purpose the calculator was created. The calculator tutorial portion of the video begins at: 9 minutes, 45 seconds.
Once open, you may download the tutorial to excel or open-source spreadsheet software. If you download this file to use instead of copying it in Google Drive, the formatting of the calculator may change.
Other parts of the PPP require business owners to use math to determine whether they are following the program rules. For questions about the other math needed in the PPP, see Webinar 2: PPP Math!
The Paycheck Protection Program has a few provisions that some employers may need to follow. If an employer suspended work or furloughed employees due to the impacts of COVID-19 on their business, they may need to write their employees an offer letter to return to work.
Frequently asked questions here.
Are you an employer and need to write an offer letter to an employee to come back? Here is a sample template letter that you can alter and adjust to your business needs. This template is not legal advice and an attorney-client relationship is not created if you use this template.
The Paycheck Protection Program Flexibility Act ( "PPP" "Flex Act") was signed into law on 6/5/2020 and changed the PPP. Please read our Flex Act Update Letter from that date for more information about these changes. Please note that updated materials have been added to this website, but please check the effective date of all materials for their currency.
Links and News
Loyola Stuart H. Smith Law Clinic, Loyola New Orleans College of Law, nor is Loyola University of New Orleans the author of the websites listed on these pages and cannot attest to the accuracy of information. For official guidance from government agencies, verify their official web address to access information. These links are not legal advice.
In the news: COVID-19 Impact on Early Childhood Centers
- Local News
- National News
- Congress Passes bill to change terms of PPP 6/2/20, headed to be signed by President:
- https://www.natlawreview.com/article/unwary-paycheck-protection-program-may-create-false-claims-act-liability (accessed 6/2/2020)
Additional resources for childhood care centers operating during the COVID-19 Pandemic.
The Louisiana Mainstreet Recovery Grant program will open for applications on July 28. This program will grant up to $15,000.00 to eligible small-business owners in Louisiana; with minority owners and early childcare centers prioritized within the first sixty (60) days of the program. Check the official website to sign up for updates and determine whether you are eligible to apply. The first round of applications, starting July 28, will only be open to those businesses who did not receive Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), or Business Interruption insurance funds.
As of July 6, 2020, the deadline to apply to the Paycheck Protection Program was extended to August 8, 2020! There are still funds available. To apply for the PPP, find a local lender: https://www.sba.gov/document/support-paycheck-protection-program-participating-lenders . This is the most recent application form to apply for PPP (as of 6/24/20): https://www.sba.gov/sites/default/files/2020-07/PPP-Borrower-Application-Form-508.pdf.
Note: Participation in the PPP or receiving funds from the PPP may disqualify you from obtaining a grant under the State of Louisiana's Mainstreet Recovery grant program.
- Office of Child Care, U.S. Dept. of Health and Human Services (HHS)
- Centers for Disease Control and Prevention (CDC): Coronavirus Disease 2019 (COVID-19)
- Louisiana Department of Education
- Louisiana Office of Public Health: Checklist for open Child Care Facilities & Guidelines
SBA Resources for Small Businesses
- SBA Debt Relief
- If a business was already indebted to the SBA prior to COVID, the SBA will automatically pay 6 months of principal, interest, and other associated fees. Debtors do not need to apply for this relief.
- 7(a) Loans
- These are the loans that the SBA was making before COVID, and is still making. These have low interest rates and long repayment terms, but they require a good credit score, a showing that the business is profitable, and a long traditional underwriting process. They are also subject to additional requirements from local lending institutions. These may still be an option for businesses even if PPP funds run out.
- Local Assistance
- This is a link to a search tool to find organizations that provide counseling for businesses on obtaining and using SBA loans.
DISCLOSURE: Loyola Stuart H. Smith Law Clinic, Loyola New Orleans College of Law, nor is Loyola University of New Orleans the author of the links above and cannot attest to the accuracy of information. For official guidance from government agencies, verify their official web address to access information. These links are not legal advice.
Websites here last accessed 5/27/2020.