In consulting with our medical experts, we are being advised to:

“Hope for the best, but plan for the worst.”



  • Quarantine will be likely be lifted in late May for the Treasure Valley. Optimistically, we hope this happens sooner, but other regions infection cycles were 8 weeks or longer. Things will get worse before they get better.  The China and Italy infection cycles indicate we are still in the first quarter of the game, second and third quarters will be more difficult.



  • 2019 Federal taxes: 7/15
  • Q1 2020 Federal estimated tax payments 7/15
  • 2019 Idaho tax: 6/15.
  • Extensions are still available and that would extend the due date to 10/15.


  • Employer matches do not have to be funded until Q1 2021
  • Employee loans MIGHT BE APPROVED up to 100% of vested balances or $100,000 (whichever is the lesser amount)
  • Individuals with outstanding loans from their plan with a repayment due from now until Dec 31, 2020 can delay their loan repayment for up to one year
  • Employer contributions can be delayed until end of year


  • Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
    • interest rate is 3.75% for small businesses
    • interest rate is 2.75% for non-profits
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay
  • SBA Express Bridge Loans
    • allows businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.  If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
    • Terms
      • Up to $25,000
      • Fast turnaround
      • Will be repaid in full or in part by proceeds from the EIDL loan

Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19)

Find more information on the SBA’s Economic Injury Disaster Loans at:

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

Find an Express Bridge Loan Lender via SBA’s Lender Match Tool or by connecting with your local SBA District Office.


  • Insurance Coverage Issues– Many businesses have business interruption insurance; Now is the time to contact your insurance agent to review your policy to understand precisely what you are and are not covered for in the event of an extended incident.


SBA provides a number of loan resources for small businesses to utilize when operating their business. For more information on loans or how to connect with a lender, visit:

How to get access to lending partners?  SBA has developed Lender Match, a free online referral tool that connects small businesses with participating SBA-approved lenders within 48 hours.

  • 7(a) programoffers loan amounts up to $5,000,000 and is an all-inclusive loan program deployed by lending partners for eligible small businesses within the U.S. States and its territories. The uses of proceeds include: working capital; expansion/renovation; new construction; purchase of land or buildings; purchase of equipment, fixtures; lease-hold improvements; refinancing debt for compelling reasons; seasonal line of credit; inventory; or starting a business.
  • Express loan program provides loans up to $350,000 for no more than 7 years with an option to revolve. There is a turnaround time of 36 hours for approval or denial of a completed application. The uses of proceeds are the same as the standard 7(a) loan.
  • Community Advantageloan pilot program allows mission-based lenders to assist small businesses in underserved markets with a maximum loan size of $250,000. The uses of proceeds are the same as the standard 7(a) loan.
  • 504 loan programs are designed to foster economic development and job creation and/or retention. The eligible use of proceeds is limited to the acquisition or eligible refinance of fixed assets.
  • Microloanprogram involves making loans through nonprofit lending organizations to underserved markets. Authorized use of loan proceeds includes working capital, supplies, machinery & equipment, and fixtures (does not include real estate). The maximum loan amount is $50,000

We are here for you.  Please contact us with and questions or concerns during this uncertain time.  Feel free to forward this to a friend.