Career Center   |   Print Page   |   Sign In   |   Register
Community Search
News & Press: NHCBA News

NHCBA Memo to Members - April 3rd

Wednesday, April 8, 2020   (0 Comments)
Posted by: Gillian Fattal
Share |


Dear New Haven County Bar Association Members,


For today, three areas are covered:


1.   Paycheck Payroll Program – PPP

2.   Video Conferencing Services

3.   A Musical Hug


 Payroll Protection Program


Yesterday’s memo noted that today, Friday, April 3, 2020 would be the first day to apply for the PPP. The PPP is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. There is an initial eight-week period covering paychecks totaling $100K a year. The PPP offers 75% for payroll and 25% for other operating costs – health care, rent, utilities, for example - to be used for non-payroll purposes. After you have exhausted the first two months of PPP money, the next step would be to apply for a grant through your lender. Your lender will have the form to complete for the grant.

You will find the form, here:


NHCBA sponsor, Bankwell, is available to process your application as a SBA lender and has sent the following information for interested members:



Bankwell is currently implementing a process to accept and process Paycheck Protection Program (PPP) Loans.  After receiving further guidance overnight from the Small Business Administration regarding PPP, we are currently adjusting our process to match the new guidance.  Once Bankwell is ready to accept and process PPP loan applications we will contact you via this email address and provide a link on our website. 


In preparation for your PPP loan please gather the following supporting documents used to calculate the below referenced loan amount for submission once we are ready to accept and process you application.



1.   Aggregate payroll costs from the last 12 months for employees whose principal place of residence is in the U.S.

2.   Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000/year.

3.   Calculate average monthly payroll costs (divide amount from step 2 by 12)

4.   Multiply the average monthly payroll costs from step 3 by 2.5

5.   Add the outstanding amount of an Economic Injury Disaster Loan (EIDL) made between 1/31/2020 and 4/3/2020, less amount of any advance under an EIDL-COVID-19 loan (because it does not have to be repaid)

Payroll costs consist of 

Compensation to employees (whose principal residence is in the U.S.) in the form of

·       salary, wages, commissions, or similar compensations, cash tips or the equivalent based on employer records of past tips, or in the absence of such records, a reasonable, good-faith employer estimate of such tips;

·       payment for vacation, parental, family, medical, or sick leave

·       allowance for separation or dismissal

·       payment for the provision of employee benefits consisting of group health care coverage, including insurance premiums and retirement

·       payment of state and local taxes assessed on compensation of employees

·       for an independent or sole proprietor, wage, commissions, income or net earnings from self-employment or similar compensation


·       any compensation of an employee whose principal residence is outside the U.S.

·       compensation of an individual employee in excess of an annual salary of $100,000, prorated as necessary

·       federal employment taxes imposed or withheld between 2/15/2020 and 6/30/2020, including the employee’s and employer’s share of FICA and Railroad Retirement Act taxes and income taxes required to be withheld from employees

·       qualified sick and family leave wages for which a credit is allowed under sections 7001 and 7003 of the Families First Coronavirus Response Act


Proceeds are to be used for:

·       payroll costs as defined in the Act 

·       costs related to the continuation of the group health care benefits during periods of paid sick, medical or family leave and insurance premiums

·       mortgage interest payments (but not mortgage prepayments or principal payments)

·       rent payments

·       utility payments

·       interest payments on any other debt obligations  that were incurred before 2/15/2020

·       refinancing an SBA EIDL loan made between 1/31/2020 and 4/3/202.  If the EIDL was not used for payroll costs, it does not affect eligibility for a PPP loan.  If the EIDL loan was used for payroll costs, the PPP loan must be used to refinance the EIDL loan.  Proceeds from any advance up to $10,000 on the EIDL loan will be deducted from the loan forgiveness amount on the PPP loan.  At least 75% of the PPP will be used for payroll costs.



Clayton H. Goree


Vice President | Business Development

24 Washington Ave North Haven, CT

Cell: 475.333.2254 | Office: 203.652.2665



Video conferencing services



Zoom ( - Great for conferencing with many people because it is so easy - and very popular right now, however, a history of privacy abuses gives concern about using it with clients. 


GoToMeeting ( - Not as easy to use as Zoom because everyone involved needs to download something but very flexible for different needs from video conferencing to hosting webinars.  


Skype ( - Has been updated to remove the need to sign up for an account or download software.  


Cisco WebEx ( - the program that the CT Judicial Branch has been using for remote hearings.  


Google Meet ( - Paid version of Google Hangouts.  More tools and ability to have more participants.  Part of Google’s G-Suite.   


Microsoft Office Teams ( - included with most subscriptions to Office 365.  Very good for communicating with people interoffice but not yet with clients. Free software for consumers supposed to be released soon but not yet out. 


FaceTime ( - Only works for Apple Products and you have to provide other participants with your personal contact information. 


Google Hangouts ( - Google’s free video/communication app.  


In closing, please be aware that registration for the Greater New Haven Chamber of Commerce webinar called Q & A with Governor Lamont and State Virus update on Monday, April 6th at 1pm is now active, here: Cindy Martin, in our office, has shared that the Women’s Business Development Council has helpful resources, here:


Lastly, a musical hug -


Warmest regards,






more Calendar

Executive Committee Meeting

Online Surveys
Association Management Software Powered by YourMembership  ::  Legal