COVID-19 Manufacturing News and Resource Update

    CARES Act: Forgivable Loan Program Explained Webinar

    10-11:00 a.m. ET
    Presented by Katz, Sapper and Miller, Ice Miller, and First Merchants Bank

    Introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program is a lifeline for small businesses, injecting capital just when they need it most. The program offers nearly $350 billion in federally guaranteed loans, but the hallmark is that the loans can be partially or fully forgivable, provided certain criteria are satisfied.

    Join this webinar on Friday, April 3, along with representatives from First Merchants Bank and Ice Miller, as we discuss how the program works, who is eligible, and how to start taking advantage of the benefits it offers.

    Topics to be covered include:

    • Who is eligible
    • The program’s requirements
    • How loan funds can be used
    • Steps to take to ensure loan forgiveness
    • How to apply

    Register here.

    **Webinar attendance is limited to 500 participants. If the webinar sells out, we will send materials and the recording out to all registrants at the end of the session.

    CARES Act Introduces Forgivable Loans With Paycheck Protection Program

    On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. While the sweeping legislation introduces a multitude of significant measures, the Paycheck Protection Program is a lifeline for small businesses, injecting capital when they need it most. However, the hallmark of the program is that the loans can be partially or fully forgivable, provided certain criteria are satisfied.  Click here to read more from the experts at Katz, Sapper and Miller.  KSM continues to closely monitor COVID-19 federal, state, and local legislative changes and market conditions to help our clients navigate this crisis, mitigate the financial effects, and manage day-to-day operations.  Learn more on their COVID-19 Resource Center page.

    INTMA Associate Member Ice Miller has also made a summary document available to INTMA members outlining details of the various COVID-19 government loan programs.  Click here to see that document.

    INTMA Offers Indiana Career Center Students Free Online Training through NTMA-U

    As Indiana high school students are forced to stay home, INTMA has decided to offer free access to some NTMA-U online courses to help interested students continue their precision machining studies.  Several instructors have already taken advantage of the offer and enrolled students in courses like CNC, Metrology and Quality Control.  Thank you to NTMA-U registrar Alice Overton for leading this effort! Instructors or students who are interested in this opportunity can contact Alice ([email protected]) or the INTMA directly [email protected]) for details.

    Federated Insurance Resources and Information

    COVID-19 Pandemic Resources to Assist Employers

    Federated Insurance is committed to helping its clients navigate the newly announced mandates affecting business owners as a result of the spread of COVID-19. In collaboration with their friends at Enquiron®, they are providing three valuable documents designed to help provide information to organizations facing challenging employment issues during these uncertain times. Below find an Employer COVID-19 FAQs document, an overview of the Families First Coronavirus Response Act, and Important Rules for Employers to Know in the Wake of COVID-19.

    Employer FAQs
    Families First Act
    Rules for Employers

    Additional helpful resources and Federated Insurance’s response to Coronavirus are found HERE.

    Managing Cash Flow in Times of Uncertainty

    The unprecedented events in response to the COVID-19 pandemic are impacting every business in complex ways. Maintaining adequate cash flow to sustain successful operations is likely to elevate as a significant risk for many companies. However, there are tried-and-true processes that can help identify a potential cash crunch and maximize critical reaction time to avoid or minimize business interruption. Click here for an article from Katz, Sapper and Miller offering advice on this topic.