Thanks for letting us know you've applied for financial relief through the CARES Act.


Due to the amount of anticipated applications, it is recommended that businesses apply with a bank in which they have an existing relationship to expedite the process. FCP Management’s preferred lender is Simmons Bank who is an approved lender for PPP loans granted by the CARES Act. They are prioritizing all customers who are referred by FCP Management. 

Please feel free to reach out to our direct contact at Simmon Bank with any questions, and let them know what FCP Management referred you:

John Van Son (Direct Contact) john.vanson@simmonsbank.com

Donna Marbut (CC) donna.marbut@simmonsbank.com

SMALL BUSINESS RESOURCES FOR NAVIGATING COVID-19

 

 

 

OUR COMMITMENT TO YOU

We know each and every one of your businesses has been impacted in some way by COVID-19. FCP Management is working diligently to ensure all measures are taken to keep your buildings as safe as possible during this time.

 

We are also committed to sharing with you the best business resources and tools to help you adapt and respond. We encourage you to take advantage of these, especially the financial relief options being offered through the Small Business Administration (SBA).

 

FCP Management will continue to diligently monitor updates from the Center for Disease Control (CDC), World Health Organization (WHO), and applicable state & local public health departments. We will continue to take the recommended precautions provided by these health agencies to help minimize the further impact of a potential outbreak and spread in our community.

QUESTIONS & RESOURCES

What financial relief am I able to get through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)?


There are two main options: 1) the Paycheck Protection Program (PPP) and / or 2) an Economic Injury Disaster Loan (EIDL). Small Businesses are able to apply for both as long as they don’t pay for the same expenses. Be sure to check with your financial advisor or lender before taking both types of loans if you are not sure of the specifics. Source For more information on both of these financial aid options, please visit: U.S. Small Business Administration: Small Business Guidance & Loan Resources U.S. Chamber of Commerce’s Guide & Checklist: Paycheck Protection Program The Small Business Owners Guide to the CARES Act INC: How Paycheck Protection Loans Are Different Than Traditional 7(a) SBA Loans CARES Act: What Small Businesses Need to Know





OPTION 1: PAYCHECK PROTECTION PROGRAM (PPP)

My company is an essential business—what can I do to help keep my employees safe while at work?


IMPORTANT: Let your employees know that they should inform you immediately if they are experiencing any symptoms of COVID-19 or believe they have come in direct contact with someone with COVID-19, including a sick family member.

  • Encourage all employees to frequently wash their hands and use hand sanitizer.
  • Promote social distancing by avoiding any group/team meetings and utilizing video conferencing instead.
  • Add hand sanitizer stations to common areas, lobbies, and near highly-trafficked doors.
  • Ensure all soap dispensers are operational and filled (in bathrooms, kitchens, etc.).
  • Increase scope of sanitation and cleaning in common areas and among items that are commonly touched (e.g., elevator buttons, door handles, etc.).
  • Implement a schedule for deep cleaning or spray disinfecting if appropriate.
  • Post signage in common areas reminding employees of the CDC’s “Stop the Germs” guidelines.
  • Actively encourage any sick employees to stay home.
  • For more recommended strategies, please refer to the CDC’s Guide for Business & Employers.




What should I do if someone in my office tests positive for COVID-19?


  1. Notify your local Department of Public Health and the CDC.
  2. Notify your Property Manager.
  3. Remind anyone that was in close contact with the confirmed person to consider self-quarantining for 14 days.
    • If an employee is confirmed to have COVID-19, employers should inform fellow employees of their possible exposure to COVID-19 in the workplace but maintain confidentiality as required by the Americans with Disabilities Act (ADA).
    • Employees exposed to a co-worker with confirmed COVID-19 should refer to CDC guidance for how to conduct a risk assessment of their potential exposure.




What sources should I look to for the latest COVID-19 news?






OPTION 2: ECONOMIC INJURY DISASTER LOAN (EIDL)

What is it?*


Economic Injury Disaster Loans (EIDLs) are lower interest loans of up to $2 million that are available to pay for expenses that could have been met had the “disaster” not occurred, including payroll and other operating expenses. The current loan terms are up to $2M with a payback period of 15-30 years and an interest rate of 3.75%.




How much can I receive?*


Small businesses can receive a $10K cash advance within three days of applying for up to $2M of an EIDL. The $10K advance does not need to be repaid under any circumstance.




What can the loan be used for?*


This loan can be used to pay rent, keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts and mortgage payments.




Who is eligible?*


Small businesses with less than 500 employees (including sole proprietorships, independent contractors and more).




What information do I need on-hand to apply?*


Be prepared with some financial information and supporting documentation related to your business, such as two to three years of tax returns, last year’s financial statements, a year-to-date financial statement, property leases, and a working knowledge of your business and personal credit score. A full list of supporting documentation can be found at the bottom of your application form. Source




How can I apply?


Click here for more information and to apply.




How long will it take?*


The average time period for the SBA to issue a Disaster Loan decision is 21 days. Within that time frame, a loan specialist will be in contact with you to figure out the amount and parameters of the SBA disaster loan. Once the loan documents are signed, funds are deposited via ACH within 3 to 5 business days. Source





My company is an essential business—what can I do to help keep my employees safe while at work?


IMPORTANT: Let your employees know that they should inform you immediately if they are experiencing any symptoms of COVID-19 or believe they have come in direct contact with someone with COVID-19, including a sick family member.

  • Encourage all employees to frequently wash their hands and use hand sanitizer.
  • Promote social distancing by avoiding any group/team meetings and utilizing video conferencing instead.
  • Add hand sanitizer stations to common areas, lobbies, and near highly-trafficked doors.
  • Ensure all soap dispensers are operational and filled (in bathrooms, kitchens, etc.).
  • Increase scope of sanitation and cleaning in common areas and among items that are commonly touched (e.g., elevator buttons, door handles, etc.).
  • Implement a schedule for deep cleaning or spray disinfecting if appropriate.
  • Post signage in common areas reminding employees of the CDC’s “Stop the Germs” guidelines.
  • Actively encourage any sick employees to stay home.
  • For more recommended strategies, please refer to the CDC’s Guide for Business & Employers.




What should I do if someone in my office tests positive for COVID-19?


  1. Notify your local Department of Public Health and the CDC.
  2. Notify your Property Manager.
  3. Remind anyone that was in close contact with the confirmed person to consider self-quarantining for 14 days.
    • If an employee is confirmed to have COVID-19, employers should inform fellow employees of their possible exposure to COVID-19 in the workplace but maintain confidentiality as required by the Americans with Disabilities Act (ADA).
    • Employees exposed to a co-worker with confirmed COVID-19 should refer to CDC guidance for how to conduct a risk assessment of their potential exposure.




What sources should I look to for the latest COVID-19 news?






LET US KNOW HOW WE CAN HELP

FCP Management is here to help you navigate and adapt to the changing work environment caused by COVID-19. You can reach your Property Manager, Jordan Freitas, by using the 'Submit an Inquiry' form on our website. You will receive a response within 24 hours.

 

As a reminder, it is imperative that you advise us immediately of any presumptive and/or confirmed COVID-19 cases within your office premises, whether employees or visitors.

*All information provided above is subject to change based on government-provided information.