Stay informed on the best ways to protect your business & employees during this pandemic
Introducing our OHIO SMALL BUSINESS CoronaVirus Hotline
Our dedicated staff will be available at 1-888-4KJKLAW (1-888-455-5529) on Wednesday, April 1 and Friday, April 3 from 9 a.m. to 7 p.m., providing complimentary 20-minute consultations on the CARES Act and SBA loan programs businesses can take advantage of.
Keeping you up to date
The global coronavirus (COVID-19) pandemic is one of the most significant public health crises of the last century and has caused severe disruptions and commercial volatility unlike anything we’ve seen in our lifetimes. KJK is committed to keeping you updated and informed to help you protect your business and employees during these unprecedented times. We will continue to provide daily, up-to-the-minute updates from our Banking & Finance, Employment, Government & Legislation and Real Estate Response Teams, and encourage you to sign up to have these insights sent directly to your inbox.
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HOW LONG DO Ohio EMPLOYEES LAID OFF AS A RESULT OF THE PANDEMIC HAVE TO WAIT TO FILE FOR UNEMPLOYMENT?
Employees in Ohio laid off as a result of a loss of production due to COVID-19 or quarantined by a medical professional or health provider are eligible for immediate unemployment benefits.
CAN EMPLOYERS REQUIRE EMPLOYEES WHO HAVE SELF-QUARANTINED TO PROVIDE A DOCTOR’S NOTE BEFORE RETURNING TO WORK?
If a tenant fails to pay rent during the pandemic, can they be evicted?
What steps should I take with my lender to prepare for an economic downturn?
Before doing anything, review your loan documents with your attorney or financial advisor to make sure you don’t violate any loan covenants if you draw on lines of credit that have a borrowing base. Also consider renegotiating any interest rate floors or converting to lower short-term variable interest rates.