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Taming the Chaos - Loans, New Health Ins, Employee Challenges, Nuclear Bunker

heTaming Chaos

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February 12, 2021 | Issue 151

Eligibility of PPP Loans Round 2

A borrower is generally eligible for a Second Draw PPP Loan if the borrower: 
  • Must have 300 or fewer employees.
  • Must also demonstrate a 25% reduction in revenue in at least one quarter of 2020 compared to 2019. 
  • Those that applied for loan forgiveness on their first PPP loans are eligible for second-draw loans.
  • The SBA is currently reviewing plans for loan forgiveness for the second round of PPP. 

How and When to Apply

Those eligible, have until March 31st, 2021 to apply for the 2nd PPP Loan.  Similar loan terms as the first PPP Loans. For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP Loan is 3.5x average monthly 2019 or 2020 payroll costs up to $2 million.

PPP Loan

Jump Start Employee Motivation

by SmartBrief Denise Lee Yohn

80% of employees at top technology firms report feeling demotivated at work. 71% suffered from burnout last year. No doubt, when employees aren’t motivated, work productivity and quality go down, and employee turnover and absenteeism go up.
This article explains how to engage and communicate with your employees to "Jump Start Their Motivation". No matter the size of your company, purpose and staying engaged with your employees is everything.
Jump Start Motivation

Employers' Interest in Individual Coverage HRAs Is Rising

There is a growing interest in ICHRAs as a way for employers to keep their health care spending at a fixed dollar amount. Individual coverage health reimbursement arrangements (ICHRAs) became available as a new employee benefit in January 2020 under new regulations with the IRS.
With ICHRAs, employers subject to Affordable Care Act (ACA) coverage requirements could opt to pay for employees to purchase their own health insurance coverage on the ACA marketplace or through an insurance broker, rather than providing an employer-sponsored group health plan.
Note: Hamilton Edwards can review the new ICHRA program along with other health options with you to determine what is the right fit for your business.
buying insurance online ofn01o 2

There is a Massive 60,000 Sq Ft Nuclear Bunker Near Charlotte


If the news has been scaring you lately you may want to check this place out in Stanfield NC.
It’s divided into a total of four floors at one end of the building, and two floors at the other, and includes; a kitchen, bathrooms, showers, a 12,000-gallon water tank, central air conditioning, and pretty much anything else you’d need to sustain 90 people for 90 days during a nuclear attack.
stanly county nuclear bunker

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