Hundreds of lenders — from national institutions to small-town banks — are preparing for a deluge from small businesses this month seeking financial help from the coronavirus economic fallout. The $2 trillion CARES Act signed into law last month by President Trump includes $349 billion for a federal small business
Many furniture retailers and other businesses must provide their employees with paid sick leave and family leave under some circumstances, according to the Families First Coronavirus Response Act. The new law, which takes effect April 1, covers businesses with fewer than 500 employees. Businesses with fewer than 50 employees can
On Friday, Home Furnishings Association Executive Vice President Mark Schumacher, HFA government relations liaison Doug Clark and Washington lobbyist Chris Andresen held a webinar with more than 400 HFA members to discuss the $2 trillion bipartisan financial-rescue package signed by President Trump. Members were particularly interested in the $350 billion-plus
“The Home Furnishings Association and its 1,400 retail members across the country welcome the $2 trillion relief package from Washington,” President Jesús Capó and CEO Sharron Bradley said in a statement. “The small and larger businesses in our association want to protect their employees, serve their customers and support their
HFA executive vice president Mark Schumacher spoke with HR experts Erick Becker of Cummins & White, LLP, and Eric Martin of ACG Consulting Services, Inc. on March 27 about pressing HR-related concerns HFA members are facing during the coronavirus pandemic. Retailers were invited to ask questions related to their businesses.
When California Gov. Gavin Newsom ordered most businesses in the state to close, Kevin and Jennifer Large didn’t take that as the last word. After all, Beautiwood Unfinished Furniture in Fresno had customers waiting. “We are still working for you!” Jennifer wrote on the business Facebook page. “We are lucky
Locked doors. Silent phones. Near-empty streets. With every passing day, HFA members are shuttering their showrooms as states increasingly are ordering all non-essential businesses to close in an attempt to slow the spread of COVID-19. But this is not a story of HFA members throwing up their hands and surrendering.
HFA member Tony Vera closed his doors last week, let go of all his employees but family and is relying on website sales to keep Mega Furniture his store in North Miami Beach, Fla., open. But for how long? As store traffic — and sales — dwindle, retailers like Vera
Home appliance retailers are essential businesses in Massachusetts. A strong argument advanced by Simon’s Furniture, Mattresses & Appliances in Franklin, Mass., may have helped make sure of that. Today, Massachusetts Gov. Charlie Baker ordered non-essential businesses to close at noon Tuesday. Simon’s didn’t wait for the order. To help slow
Home Furnishings Association members are wrestling with difficult questions as the coronavirus crisis continues to threaten their livelihoods. Stay open or temporarily shut down? What happens if retailers simply stop paying their suppliers? To whom do we tell our stories to be heard? And what is our government doing to
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