On April 7, 2020, Dave Olsen, Mark Rosenberger, and Adam Hewitt hosted a webinar on surviving payroll during coronavirus times. 

The webinar discussion focused on helping business owners deal with the pandemic impact of Coronavirus. They offered specific strategies on how to:

  • Apply the sick leave benefit rules of the Families First Coronavirus Response Act (6:10)
  • Utilizing the forgivable loans under the  Paycheck Protection Program of the CARES Act (15:50)
  • Payroll tax credits and deferrals – what, how, who, and when (25:59)
  • Managing (suddenly) remote employees – staying safe from cyber risks as well as virus risks (34:24)


The webinar recording:

Click the video below to watch or listen to the full webinar recording.


Frequently asked questions from the webinar:

  • How does the application process work for Paycheck Protection Program loans?

SBA has published a specific application for this program, which must be completed with supporting documents.  The application is processed by a participating bank who determines/confirms eligibility and the eligible loan amount.  Once the bank has approved the application, they must obtain a loan number from the SBA. Then once the loan document package has been assembled and signed, the bank can disburse funds to the business.

If employees have been laid off / furloughed partially or entirely, can the business still apply for the PPP loan?  Can the proceeds be used for other business expenses?

You can apply but should understand the forgiveness side of the program.  The primary intent of the PPP is to fund payroll / continued employment. Forgiveness is based on spending the funds within 8 weeks of the loan being made to pay employees (at least 75% of the loan for this purpose) and qualifying expenses such as mortgage/rent and utilities.  It appears some banks may put some procedural “guardrails” around the use of the funds to assure/encourage use of the funds that way to assure forgiveness and funding reimbursement from the SBA will be the end result.

  • What about sole proprietors who don’t do payroll for themselves?  Can I apply for both EIDL and PPP?

As discussed, the programs serve somewhat different purposes, but do have some overlap.   PPP loans are available to sole proprietors using a different set of documentation such as Schedule C income reporting.  EIDL disaster recovery loans may be applicable in some situations. If an EIDL emergency advance of $10,000 has been received that will be taken into account in the PPP loan funding.

  • If I apply but don’t receive an EIDL loan, will I still get the $10k advance and have it treated as a grant?

Yes, you may receive the $10k emergency advance, which does not have to be repaid if an EIDL loan is not ultimately approved and funded.

  • What about businesses who had been in a hiring freeze – can they start hiring again with the borrowed PPP money?

Yes, the use of the funds is not specific to who the people being paid are.  The two primary measurements are the overall use of the funds (75% for payroll and the rest for qualifying expenses, if you want to qualify for forgiveness) and the number of employees.  Regarding number of employees, part of the application involves stating how many employees the business did have previously (see application instructions for that calculation). In determining forgiveness, the ratio of number of FTE employees after the loan vs before is considered.  For example, if there were 10 employees before and 9 employees after, forgiveness would be prorated. Keep in mind the purpose of the program – keeping people employed is emphasized just as much as helping the business. 



If you have additional questions, please feel free to reach out to our webinar hosts first-hand with any questions you may have:

Dave Olsen: [email protected]

Mark Rosenberger: [email protected]

Adam Hewitt: [email protected]