Corona Virus Update

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04/02/2020 COVID-19 Relief Opportunities for Bowling Proprietors

On Friday, March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic relief package aimed at helping American workers and businesses impacted by the COVID-19 pandemic. In this webinar, Michael Best Strategies policy experts and BPAA government relations consultants, Tom Schreiber and Sarah Helton will discuss how the CARES Act, the Families First Coronavirus Response Act, and other administrative actions provide relief for bowling proprietors.

Presented By:

Thomas B Schreibel
Partner, Michael Best Strategies

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T. 262-844-2428

Sarah C. Helton Principal
Michael Best Strategies

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T. 202.747.9575

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COVID-19 RELIEF OPPORTUNITIES FOR BOWLING PROPRIETORS Webinar

Download Updated 04/03/2020 
COVID-19 RELIEF OPPORTUNITIES FOR
BOWLING PROPRIETORS Presentation

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Questions for RELIEF OPPORTUNITIES FOR BOWLING PROPRIETORS Webinar

Here is an updated guidebook for BPAA members which includes new information received about the SBA loan programs.

Download Updated 04/03/2020
COVID-19 Relief Guidebook

SBA Debt Relief

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

Under this program:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

Coronavirus (COVID-19): Small Business Guidance & Loan Resources

The link below is a very helpful breakdown from Senate Small Business Committee providing Q&A on the SBA lending programs.

Small Business Owner’s Guide to the CARES Act

March 27, 2020 COVID-19 - Relief Opportunities

The United States federal and state governments are acting swiftly to address the COVID-19 pandemic through legislation, executive orders, guidance, and other relief programs. Most recently, President Trump signed into law the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES).

Michael Best and Michael Best Strategies are tracking these actions very closely and is in close communication with the federal and state governments. We are advising clients on the various United States federal and state avenues of relief, whether through lending, employment, or taxation provisions, that they may be able to use to get through this period of distress. We have a COVID-19 Resource Center and we encourage you to sign up for updates here.

Attached are documents Michael Best Strategies LLC has prepared for BPAA’s members, including a guidebook on the various relief provisions provided under FFCRA and the CARES Act and a state tracker that includes information for small businesses as well.

Please note: This is confidential information and should not be passed on outside of your accountants, lenders or family.

BPAA's COVID-19 Relief Guidance Packet COVID-19 State Policy Summary

A Message From The Staff at BPAA

Members of the BPAA: We are happy with the bipartisan agreement reached in the Senate yesterday to provide relief to bowling centers including their employees (as well as the many other venues) that have had to close due to the COVID-19 pandemic. We can all truly look forward and feel great about re-opening and once again serving communities after this crisis has passed.

At this time, the agreement will help bowling centers and their staff in many ways.

  • A $454 billion loan guarantee fund will provide access to capital allowing centers to pay their fixed costs during the time they cannot generate revenue through normal operations.
  • Small centers, the majority of our members, can benefit from expanded SBA programs that will allow them to also cover their expenses with some items eligible for loan forgiveness.
  • Deferral of payroll taxes.
  • Additional opportunity for loss carrybacks for businesses and technical corrections regarding qualified improvement property.
  • Employee retention tax credit for centers that keep staff on their payroll in spite of closures and loss of revenue and sales.
  • For employees (including part-time staff): Direct aid--up to four months--through extended and expanded unemployment insurance (increases in the weekly dollar amount) and advanced tax deductions payable now.

We feel a bit more confident that proprietors have some solid resources to help them make it through this and can be ready to re-open with the added knowledge that their staff is also receiving assistance through this as well and that their staff will have their jobs waiting for them when it is safe to reopen.

The BPAA appreciates everyone in and out of the bowling industry who support our efforts and recognize the important place bowling centers have in our communities. We look forward to the continued work of Congress and the Administration and to the quick passage in the House and signature by the President of this relief package.

March 24, 2020 COVID-19 UPDATE

In the event your location has temporarily closed for business, we wanted to share with you some best practices on steps to make sure you properly secure your facility safely. While not all of the suggestions will apply based on your business model, we wanted to share this guide in its entirety. In addition to the guide, we have also developed a one-page PDF as an additional resource.

One page PDF Temporary Shutdown Checklist

Click Here

COVID-19 Temporary CPR Closing Preparation Resource

Click Here

Take- out or Delivery Menu

If your center will be offering Take-out or Delivery Service, BPAA can help you create a designed menu that offers some limited menu items. We will create a JPEG to post on your social media sites and to print.

Sample Menu

Call Amy Arcuri at
817-385-8430
amy@bpaa.com

Message from Sysco Foods

Hello BPAA Members,

Thank you for your continued dedication and commitment to Sysco. 

Attached is a letter that outlines forthcoming operational procedures that will be implemented over the next week across Sysco’s U.S. Broadline operations. Our goal is to reduce the complexity of our operations as much as possible, allowing us to best service our customers who are still operational in the current environment.

Click Here

FAQs Regarding COVID-19 and Human Capital, Tax Impact

The Families First Coronavirus Response Act provides paid leave under the Family Medical Leave Act and paid sick leave for absences resulting from COVID-19. There are also refundable tax credits available to reimburse employers for wages paid as a result of the law.

Click Here

March 19, 2020 COVID-19 UPDATE

Today's update covers guidance on Business Interruption Insurance from Specialty Insurance Group/Everest, a message from Sysco, Bowling University's "What to do with perishable food", and resources from Pepsi on temporary shutdown and startup procedures for your fountain operations.

Business Interruption Insurance

A note on Business Income (Business Interruption) Insurance: BPAA is in touch with their Endorsed Insurance Provider: Specialty Insurance Group/Everest. While there are blanket assumptions and statements being made by some in the insurance community via blogs, emails, etc., it is best to understand your own policy and coverage.

Each policy is unique, and only CLAIMS ADJUSTERS will determine coverage per each unique policy. When appropriate; each policyholder who has a claim, should file a claim and allow the process to take place. Policyholders should understand what calculations their unique policy might cover. For example: does it cover 4 weeks, after the first 72 hours? And what is the formula to calculate net profits?

Your broker can help you understand the formula in the policy they sold you. Whether or not the virus is excluded or included; knowing what you could expect if Business Income (Business Interruption) Insurance were to be needed (for a virus or other purposes) should be discussed with your broker.

Message From Sysco Foods

A message to our customers,

The COVID-19 situation is a rapidly changing environment and, as always, it is important that we connect with all of you and provide updates on Sysco’s response to the situation.

The following resources capture our updated COVID-19 responses to date. Please share throughout your organization as necessary.

syscoupdate

What to do with Perishable Food?

Pepsi Equipment Services Update

Click on the link to download pdf
Temporary Shutdown & Startup Procedures

March 18, 2020 Covid-19 Updates for BPAA Members

March 16, 2020, President Trump announced the administration’s action to provide relief to small businesses impacted by the coronavirus (COVID-19) through the Economic Injury Disaster Loan Program.

The SBA’s Economic Injury Disaster Loan program provides small businesses with targeted, low-interest working capital loans of up to $2 million that can provide economic support to help overcome the temporary loss of revenue.  These loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the COVID-19’s impact.  The interest rate is 3.75% for small businesses.  The interest rate for non-profits is 2.75%.  SBA offers loans with long-term repayments in order for payments to be affordable (up to a maximum of 30 years).  Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

The SBA is working with designated states and territories to offer these loans.  These loans are made available upon requests received from state Governors. Once a declaration is made for designated areas within a state, small businesses can apply for the disaster relief loan.  The application process for the Economic Injury Disaster Loan assistance will be available to all affected communities as well as updated on SBA’s websiteHere are the states and territories that have been declared disasters as of today.  SBA spokesperson Carol Chastang has stated that SBA generally approves a state’s request within 48 hours and a decision on loan applications typically takes two to three weeks.  If the loan is approved, disbursement of funds can be made within five days of receiving the loan closing documents.

Visit SBA’s webpage to learn about eligible disaster areas, to apply online, and to check your application status. Business owners can call the disaster customer service center at 800-659-2955, or email disastercustomerservice@sba.gov.  The deaf and hearing impaired may call 800-877-8339.

Additional SBA guidance, resources, and information for small businesses impacted by COVID-19 can be found here.

Federal Guidance for Businesses and EmployersOn March 16, the President announced the Coronavirus Guidelines for America – 15 Days to Slow the Spread.  The President’s guidelines serve as national guidance in addition to any directives ordered by state and local authorities. This will help slow the spread of the coronavirus.  The guidelines include actions like:

  • Even if you are young, or otherwise healthy, you are at risk and your activities can increase the risk for others. It is critical that you do your part to stop the spread of the coronavirus.
  • Avoid social gatherings in groups of more than 10 people.
  • Avoid bars, restaurants, and food courts – use drive-thru, pickup, or delivery options.
  • Practice good hygiene, including washing your hands, avoid touching your face, sneeze or cough into a tissue or in the inside of your elbow, and disinfect frequently.

Legislative ReliefCongress is on track to pass several relief packages to address COVID-19.  Michael Best and Michael Best Strategies have a COVID-19 Resource Center and will keep BPAA members up-to-date on provisions that impact BPAA members.  Sign up for updates here.

MARCH 13, 2020 BPAA COVID-19 UPDATE

BPAA Member Update Regarding the Coronavirus (COVID-19) & Downloadable Resources

While every member center will respond to the recent unrest of COVID-19 in their own way and how they feel is best for their family, team members and community they serve, your trade association wanted to provide some resources for your use. You can use these as they are or edit them as needed. All of you as business operators are busy and the goal is to give you the tools you need to navigate these challenging times. While there are a lot of opinions, misinformation and unknowns currently, we at BPAA want to help you, our member, with these resources and best practices.

While the situation is changing rapidly, our stance at BPAA is “Don’t Panic. Be Prepared.” The virus is real, and we should never take the loss of any human life as minor, therefore, it is important to keep things in context and proportional to other viruses and like illnesses. As it relates specifically to your business, we wanted to provide you some tools for you to use with your team members and to be able to communicate with your guests. Below is a brief explanation of each of the assets you now have access to on the BPAA website.

  • Generic Announcementthis is a generic announcement to your guests that can be sent as an email, posted on your website or communicated in your center itself.You can add your logo as well as insert your center name.
  • Specific Steps Announcementthis is more detailed announcement to your guests of specific steps you are taking to ensure a safe place for both guests and team members.You can edit as you like and delete any steps you are not going to utilize as well as add any others you like.
  • CDC Recommendations & Best Practices – this is a list of steps you can take with your team to ensure a safe environment for them and your guests.
  • Facts About COVID-19 – this is a one-page PDF from the CDC that you can use with your team members.
  • CDC Prevention & CDC Symptoms – these are JPG files from the CDC that can be used with your team members.
  • Bowling University COVID-19 Prevention – the Education team here at BPAA has (in record time) developed a new online training course that focuses on symptoms, transmission and prevention of the coronavirus. The course only takes about 20 minutes to complete and based on facts from the CDC.

While no one really knows the impact of the virus, knowledge is power, and we hope that these resources will help you educated your team members and your guests. 

Other Federal Resources

Department of Health and Human Services:  HHS Twitter (here) and HHS Facebook (here)

The CDC provides the most up-to-date information about COVID-19.  Here are some of its resources for businesses:

  • CDC Twitter (here)
  • CDC Facebook (here)

Information for Businesses:

Situation Updates:

Information for Travel and Transportation:

Information for Community Events and Gatherings:

 Click here to view the live tracking of COVID-19 by Johns Hopkins University