Stingray Advisory Group LLC | COVID-19 Organizational Resources

COVID-19 Resources

We know this is a trying time for most of us. In difficult times and beyond, we will be here to help you navigate the ever-changing tide.

As we continue to work 1-on-1 to support our clients, community partners, and their businesses, we wanted to take a moment to organize some essential resources and quick links for commonly requested information.

Please remember, we're here to help you. Whether it is an area we can personally assist you with or not, we have a large network of partners and support organizations that can help with items such as:

Strategic planning to help you navigate this unexpected time,
Marketing/client communication tips,
The set up of remote communication & working tools,
Financial organization, tax preparation, and more

If we can be of help to you or your team as you move forward, don't hesitate to reach out for virtual assistance! Be sure to follow us on Instagram, Facebook, and Twitter for helpful resources and tips for managing your business.

Please note: Recommendations, resources, funding, and more are changing rapidly. Be sure to check the provided links for the most up-to-date information!

Reopening Resources

Here are some helpful resources as you begin assessing your business and plan for post-COVID-19 operations.

How to Safely Reopen Your Workplace
How to Adapt Your Marketing and Business Strategies Now
Tips For Hosting Online Events
Self-Care For Your Business: How a Caring and Positive Environment Benefits You and Your Employees
State of Michigan Dept. of Labor and Economic Opportunity COVID-19 Workplace Safety Toolkit
State of Michigan Dept. of Labor and Economic Opportunity Workplace Guidelines Reopening Checklist
State of Michigan Safe Start: A Guide to Re-engage Michigan's Economy (includes details regarding any phase of reopening and workplace best practices)

Financial Assistance

Small Business Administration (SBA) CARES Act Funding Options

Economic Injury Disaster Loan and Advance - Update: Advance grants have been exhausted but you can still apply for the loan., independent contractors, self-employed individuals, non-profits, and 501(c)(19) veterans organizations here. Helpful tip: Be sure to confirm details before submitting an application as not all industries may be able to apply at a given time.
Paycheck Protection Program - Provides potentially forgivable loans to assist businesses, independent contractors, and self-employed individuals with items such as payroll, rent/mortgage payments, and utilities. As stated on the SBA website, "you can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program." Helpful tips: Applications for traditional organizations opened April 3, 2020 and applications for self-employed individuals opened April 10, 2020. Funds are limited so it is strongly recommended that you apply as soon as possible. If you have trouble connecting with your bank or they are no longer processing applications, organizations such as Lendio and BlueVine are planning to process these applications as well.

Additionally, if you currently have a lending relationship with the SBA, you may be eligible for an Express Bridge Loan, which can provide up to $25,000 in funding or Debt Relief assistance such as payment deferments.

Helpful tips: Be sure to reach out to any existing lenders or vendors to see what options they may be able to provide for payment deferrals, reduced payments, or installment payments. Also, don't overextend yourself with additional lending obligations. Be sure to recalculate your breakeven point to determine your needs and what you can realistically repay.

General Information

Information for Employers - Provides details about how to properly classify employees to ensure they're eligible for unemployment benefits and other Frequently Asked Questions
Information for Employees - Contains helpful Frequently Asked Questions and tips for applying

COVID-19 Resources

Please note: Recommendations, resources, funding, and more are changing rapidly. Be sure to check the provided links for the most up-to-date information!

Reopening Resources

Financial Assistance

General Information

Community Involvement and Awards