The Paycheck Protection Program
Small businesses with less than 500 employees (including sole proprietorships, independent contractors, and people who are self-employed), private non-profit organizations, and 501(c)(19) veterans organizations affected by COVID-19 are eligible for the Paycheck Protection Program (PPP). The available loan amount is calculated based on the average monthly payroll costs from the previous 12 months and has a cap of $10,000,000.
To apply for the PPP, contact your bank or credit union to see if they are participating in the program, or use this online search tool to find a participating institution near you.
Since its inception, many small businesses have submitted applications to the PPP only to be denied funding, while watching large companies gobble up benefits that they don’t need. To the extent you have applied for and qualify for benefits, but have not received CARES paycheck protection benefits, you may have a claim against decision-makers who allowed funds to be diverted from their intended purpose: to help you maintain your business and see your employees through the pandemic.
Ensure You Receive the Benefits You Deserve
During this time of crisis, it is imperative that no person gets left behind. For many families and individuals, receiving unemployment benefits is vital to their health and well-being, especially since so many have abruptly lost the main source of income they had.
Though Michigan has extended benefits to provide emergency relief to most workers, some claims will inevitably be denied. Whether it is because you simply aren’t eligible, or you filled out the application incorrectly, you may be able to appeal the government’s decision. Our firm can assist you in preparing a written statement contesting the decision. We can also represent you in a hearing, if necessary.
If you believe that you have been wrongfully denied benefits, we may be able to help you there as well. As the COVID-19 pandemic develops so do federal and state laws to keep up with the changes forced into action by the virus. While there are still many unknowns, we are following the situation closely and can use our legal experience and dedication to help clients in need.
Don’t hesitate to reach out if you think you have a case—schedule a free consultation with us today to learn how we can help you.
Call us or contact us online.