COVID-19 Business Support

The coronavirus pandemic has introduced uncertainty into every facet of our lives. We are concerned about the health and safety of our families and friends, and many of us are grappling with significant business issues such as cancelled orders, slow collections of accounts receivable, layoffs, supply chain interruptions and other sudden and unforeseen impacts to our workforce, operations and revenue.

There are no simple answers, but there are a variety of options to consider. We are here to help. WBL partners and staff continue to work to help our clients understand new legislation such as the CARES Act and the Paycheck Protection Program, meet compliance obligations and develop strategies to withstand the growing economic turbulence.

WBL Resources

We’ve prepared a number of resources to keep everyone up-to-date (red indicates the file has been updated since initial publication, with the date of the most recent addition or update in green):

Recorded Webinars:

Paycheck Protection Program: COVID-19 Relief for Small Businesses, Nonprofit Organizations and Others

You Received a PPP Loan. Now What? What You Need to Know and Do to Make the Most of the PPP Loan Forgiveness Program [5/8/20]


Paycheck Protection Program: COVID-19 Relief for Small Businesses, Nonprofit Organizations and Others [4/16/20]

Updates on COVID-19 Relief [4/23/2020: Presented to the CFO Leadership Council]

What Now? What You Need to Know and Do To Make the Most of the PPP Loan Forgiveness Program [5/8/2020]

Blog Articles:

Q&A: The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

FAQ: Understanding the New Paycheck Protection Program [NEW UPDATES 5/16/20]

New SBA Loan Forgiveness Application Clears Up Some (Not All) PPP Confusion [5/17/20]

Fed Announces $600 Billion Main Street Business Lending Program [4/11/2020]

Best Practices to Ensure Your PPP COVID-19 Loan is Forgiven [4/21/2020]

If You Guessed PPP Loans Were Tax-Free, Guess Again [5/3/2020]


Paycheck Protection Program Loan Forgiveness Calculators [5/11/20]


Other Resources:

SBA PPP Guidance and Forms:

SBA PPP Loan Forgiveness Application [5/15/20]

SBA Paycheck Protection Program FAQs [5/13/20]

SBA Paycheck Protection Program Overview

SBA PPP Borrower Information

SBA Interim Final Rule on Additional Eligibility Criteria [4/14/2020]

SBA Borrower PPP Application Form

SBA PPP Affiliation Rules Overview

SBA PPP Affiliation Rules


Main Street Loans:

Main Street Lending Program Frequently Asked Questions [5/3/20]

Federal Reserve Press Release: Main Street New Loan Facility

Federal Reserve Press Release: Main Street Expanded Loan Facility


Helpful Articles:

SBA Releases Paycheck Protection Program Loan Forgiveness Application: A Deep Dive [Forbes 5/16/2020]

Ten Things We Need to Know About Paycheck Protection Program Loan Forgiveness [Forbes 4/14/20]


WBL is here to help. Schedule a call or video meeting with us to discuss your specific business challenges and the variety of options you may need to consider, including:

  • Proactive communication with customers, debtors, suppliers, landlords and regulators
  • Refinancing term debt to take advantage of low interest rates and/or increasing lines of credit
  • Disaster assistance financing from the Small Business Administration
  • Immediate steps to shore up cash flow
  • Expense management, including workforce analysis
  • Proactive communication with employees and providing assistance where possible
  • When and whether to file a business-interruption insurance claim
  • Delaying April 15, 2020 income tax payments as permitted by the IRS
  • Reviewing and revising 2020 tax planning and estimates
  • Transfer pricing options for international companies
  • Initiating long-term recovery planning now
  • Short-term assistance with accounting services, payroll or bookkeeping


Your Williams Benator & Libby team continues to monitor the local, national and international news as well as detailed communications from government organizations. We will share updates and recommendations with you as quickly as we can. When we say we’re as invested in the success of your business as you are, it’s not lip service. Please contact us today if we can be of help.

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