Webinar: Navigating COVID-19 as a Wellness Entrepreneur

We recently teamed up with Vagaro to host a live webinar walking through the basics of COVID-19 relief programs available to the wellness industry, namely the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL).

As of April 24, 2020, new funds are available for both PPP and EIDL loans. Whether you’re a licensed or future professional in cosmetology, esthetics, or a nail technician, this session will breakdown the two major federal programs, as well as other private resources that can support your business through COVID-19’s economic impact.

Be sure to check out our other resources that can help you access the financial relief you need, like:

• Our small business owner’s guide to the PPP
• This list of banks and lenders who are accepting PPP applications
• Our comprehensive list of relief resources for employees

Watch or download the full webinar here:

Show Notes:

Related

A Comprehensive Guide to the Paycheck Protection Program (PPP) Application Process for First-Draw Borrowers

Finances and Taxes

Introduction:

0:00 – Introduction of the hosts: Gusto’s Will Lopez and Vagaro’s John Zukoski

Who is Gusto?

5:10 – Our people are our greatest asset

6:14 – Who we are on a “normal” day

6:30 – Who we are in the “new normal”

The US business landscape:

7:54 – The current business landscape and timeline in the new normal.

10:10 – Managing one day at a time.

Navigating the way forward for your business:

13:14 – Wellness industry relief, including:

• Beauty Changes Lives
• The Give-Back Sweepstakes
• PBA COVID-19 Relief Fund
• Freelancer COVID-19 Emergency Fund
• Cosmetology Scholarship Programs

16:21 – An overview of the Paycheck Protection Program

23:45 – How to apply for a PPP loan

26:15 – How to generate your PPP Report within Gusto

28:47 – PPP guidance for 1099 contractors and self-employed folks

32:22 – An overview of Economic Injury Disaster Loans

40:00 – How to apply for an EIDL

41:22 – Other financial relief

Navigating the way forward for you individually:

45:50 – Refundable tax credits, unemployment insurance, retirement hardship disbursements, COVID-19 testing

Q&A

50:54 – Questions, answers, and thank yous

Gusto serves over 100,000 small businesses nationwide, providing intuitive and simple payroll, benefits, and HR solutions through our people platform. We believe great businesses treat their employees like people, not ID numbers—and we’re building a world to empower organizations to do just that. Learn how you can get three months free.