We will use this as our communication channel as we monitor the COVID-19 pandemic. Please check back regularly. Click the button below for resources that pertain to COVID-19 information (including templates and checklists for disaster relief loans).
June 9th, 2020: Christianson PLLP is committed to providing a safe and healthy workplace for all of our clients and employees. To ensure that, we developed a Preparedness Plan in response to the COVID-19 pandemic which outlines what the access will look like for clients.
As information changes from our local government, we progress through the many phases of our plan. As of June 1st we have entered Phase 2. Our staff is aware of these changes and we wanted to provide this update to our clients as well, especially with the rapidly approaching tax deadline on Wednesday, July 15th.
We plan to err on the side of caution by gradually increasing our occupancy and lessen exposure for all until the timing is appropriate to move to Phase 3. Even post Stay Home MN and Stay Safe MN orders, it is not our intention to have the full staff or full client traffic return to the building, but to increase occupancy slowly.
We are more than willing to save you a trip into the office by providing a virtual solution or by offering the use of direct mail. Contact your service professional if you would prefer
Read more about each location here.
The Paycheck Protection Program (PPP) was a valuable resource for many businesses and served as a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The challenge however is that the program ran out of funds in a very short period of time leaving many small business owners frustrated.
We encourage you to stay positive and keep an eye out for other local, state, and federal funding opportunities that are currently available, or that may pop up as we continue battling the coronavirus crisis.
In addition to the federal funding that's available, there are increased private and state funding opportunities which include those businesses in the agricultural sector. Read more about these funding opportunities here.
Calculating Maximum Loan Amounts – FINALLY Including Farmers! Finally! We’ve been asking for guidance on PPP loan amounts for Farmers, and 29 days later, we were provided with an FAQ that provides information on how to calculate maximum loan amounts, by business type, including Schedule F’s. Treasury confirms that PPP applications submitted but not yet entered into E-tran will not have to be recalculated using the new guidance. PPP submissions re-opened on April 27, 2020. Read more here.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Those funds dried up within a very short period of time. A few weeks later (on April 24th, 2020) another $322 billion was allocated for a second round application window which opened on April 27th, 2020. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses.
Importantly, a portion of these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. Click here to review frequently asked questions about the PPP.
As we monitor the COVID-19 situation, we will maintain an excellent level of client service. If you have questions, comments, or would like to make a phone or virtual appointment with your service provider, please don’t hesitate to contact them. Thank you for your patience.