Re-opening your practice, but need to make some safety upgrades? There’s more than just the PPP loan to help!

Many business owners turned to the Paycheck Protection Program to help cover their payroll expenses when trying to operate during the midst of the Coronavirus Pandemic. In June 2020, the Paycheck Protection Program Flexibility Act was passed on to make it easier to use and take advantage of the PPP loans. Businesses will now have 24 weeks to restore payroll and can use 40% of the forgiven amount for non-payroll costs as defined in the original act. However, great care should be exercised accounting for the 60% used for payroll. It’s a firm boundary – businesses must use at least 60% of the total loan amount for payroll or no forgiveness will be available. The remaining 40% can now be used for qualified non-payroll costs (previously just 25%). You also may have up to December 31st, 2020 to use the funds. But what if the funds from your PPP loan isn’t enough to cover all the other expenses outside of payroll you need to open your practice or bring it back to full capacity? Or the funds spent to create a certified and safe workplace are not covered in the loan forgiveness criteria? The CDC is recommending that sneeze guards and barriers be placed between patients and staff wherever possible and to ensure that your location is fitted with up-to-date HVAC and air filtration systems. More frequent use of masks, gloves, and shields are required as are visits by a sanitizing cleaning team. In certain healthcare spaces, the case to outfit treatment areas with a negative air pressure system may exist. Making these upgrades can be expensive, and the list goes on with the options available to give your patients peace of mind, from touchless faucets and hand dryers to removing couches and close seating in waiting areas. One option you have is the Economic Injury Disaster Loan (EIDL) program, which the SBA reopened to all small businesses effective 06/15/20. The loan can be used to pay off debts, purchase equipment, and make modifications to your practice, expenses that the PPP may not have covered. Until recently, this relief was only available to small companies in the agriculture industry, so this may be worth a look since now most private and non-profit businesses are eligible. Check out this article that discusses the EIDL program and its recent developments in more detail.

A Message From Liberty Group Regarding Upcoming Projects

What Liberty Is Doing

Liberty Group is dedicated to putting jobsite safety above all else, and that encompasses prioritizing the well-being of office staff, field crews and the Owner’s team. The Liberty team is trained in compliance with CDC guidelines and the stay-at-home orders recently released for Maryland, Virginia and DC. We are determined to keep the client’s best interest in mind as we navigate through this fluid situation and continue operations at jobsites while making sure that contact between project teams and all other stakeholders is limited to the maximum degree. We continue to take advantage of contact-free options some municipalities are providing contractors such as inspections walks over video-call, and we will continue keeping clients up-to-date as regulations change.

Consultations
Take advantage of Liberty Group’s free project consultations with our designers and project planners, now being conducted all through video conferencing. Our team of consultants are well-versed with all the recent developments affecting commercial construction operations.

Finalize Design
Liberty’s In-House Space Planners and Designers can work with you online to implement the necessary design changes to take your conceptual plan to a complete set of drawings. Our CAD specialists are utilizing screen-sharing with clients for live edits to the plans.

Obtain Permits
Most counties in the DMV area are allowing submission of building and occupancy permits through online portals, even allowing inspections to pass through FaceTime! We’re thankful to be able to continue operation through these safe and creative telework alternatives

Project Checklist
If your business or practice is currently shut down, take advantage of starting construction without worrying about lost revenue. All these steps can be done without leaving your living room!

✓ Project Consultations

✓ Space Plan and Design Review

✓ Secure Financing Apply For Your Permit

✓ Liberty is running limited sized crews to safely continue jobsite operations

Contact us anytime: (888) 308-6869 or info@LibertyCD.com