COVID19 ILBA APRIL 1 UPDATE

ILBA INFORMATIONAL UPDATE APRIL 1, 2020

COVID19 Disruption Wednesday, April 1, 2020

FEDERAL: Paycheck Protection Program Application Now Available from U.S. Treasury

Businesses can apply for the program starting Friday, April 3.

• S. Department of the Treasury – Assistance for Small Business – The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

• • Top-line overview of the program (Also attached herein.)
  • More information for borrowers
  • Application for borrowers

The SBA office will host a webinar on the Paycheck Protection Program (PPP) tomorrow Thursday, April 2, 2020 at 2pm central time.   https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp

Ask for relief from your providers:

• Request consideration from Verizon, AT & T, etc…
• Request consideration from Comcast, Dish, etc…
• Request consideration from your insurance agents

To: Defer premium payments, defer non-payment cancellation, process an endorsement to reduce sales.

• The Citizen’s Utility Board is a great resource for utility updates and resources.

They have compiled a list of utility, telecommunications and cable companies, how they are responding and assisting customers during this pandemic.

 

Reminder: The ILBA May 2020 National Tavern Month Raffle has been cancelled:

1) Stop all raffle ticket sales for the ILBA, May 2020 National Tavern Month Raffle.

2) Gather and collect all “sold” and “unsold” tickets and money and either:

1. a) Mail all sold and unsold tickets with payments by April 15, 2020 to:

ILBA, 1127 S. 2^nd Street, Springfield, IL 62704             or

1. b) Contact the ILBA representative that distributed the raffle tickets to you for a pick-up of all sold

and unsold tickets and payments.

2020. c) Everything needs to be returned to the ILBA State Office by April 15, 2020. The ILBA needs all

sold and unsold tickets as well as money returned for State Audit purposes.

3) The ILBA State Office intends to swiftly contact all ticket purchasers and provide refunds accordingly for their raffle ticket purchases.

We regret that we were forced to take this action.  The ILBA realizes the importance of the “Social Distancing Order” and therefore cannot promote further raffle ticket sales.  We will host a new raffle as soon as we feel we have a safe environment.  Thank you for your continued support!

 

 

Daniel D. Clausner, ILBA Executive Director