Keep your business in the know during the COVID-19 outbreak.
With information concerning the Coronavirus (COVID-19) rapidly evolving, DRM is committed to providing you relevant and timely guidance on how to navigate this challenging time. We will update regularly as new information emerges.
RECENT DEVELOPMENTS
- July 20, 2020: A new bill is now pending in the Senate which enhances lender protections and facilitates forgiveness for those PPP borrowers receiving PPP loans of less than $150,000. Proponents of the legislation have explained that the bill would cover 85 percent of PPP borrowers but only 26 percent of the funds obligated. Read Scott Jaunich's full write-up.
- July 14, 2020: Governor Sununu released the New Hampshire Back-to-School Guidance today for the planned physical reopening of New Hampshire’s K-12 schools. New Hampshire will not require schools to reopen, but provides recommendations on how to safely return to schools in September 2020. Masks are strongly encouraged, to help prevent the spread of COVID-19, but are not required for students in the state’s guidance. Each school district may develop their own guidelines, using the state’s protocols as their base.
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July 2, 2020: NH’s quarantine requirement is lifted for New England residents. Today, Governor Sununu announced that effective immediately, New Hampshire has removed the quarantine requirement for New England residents traveling to the state for any purpose.
Residents from Connecticut, Maine, Massachusetts, Rhode Island, and Vermont will no longer have to quarantine for 14-days when visiting the Granite state. The quarantine requirement remains in effect for residents from states outside New England.
- July 2, 2020: The U.S. House of Representatives and U.S. Senate have passed a five-week extension of the Paycheck Protection Program (PPP). The bill for the extension is now awaiting signature from President Trump, who is expected to sign it. If it goes into effect, the timeframe to apply for a PPP loan will be extended to August 8th. Approximately $129 billion in funds remain available to borrow through the program.
