We have created this page in an effort to help small and medium-sized businesses impacted by COVID-19. Economists are expecting it to take anywhere from 6-8 fiscal quarters for the economy to normalize. We are extremely thankful for our customers, team members, family, and friends and thought this would be a good way to give back. If you want to download the CARES Act click here.

Necessary Legal Stuff: Root Level Technology, LLC is not affiliated with any governmental agency or department. We are providing resources and information that we have found useful. You should always consult with the appropriate local, state and/or federal agency or department. Also, you should consult with your tax and/or legal adviser(s) as appropriate.


US Stimulus Bill

SBA (Small Business Administration) Loans / Other Loan Options

If you are a small or mid-sized business considering lay-offs or have already begun lay-offs, please take a look at the information below.

CARES Act: Paycheck Protection Program (PPP) Loan

  • Loan amounts can be forgiven when they are used (during the 8 week period after the loan has been made) to cover the following:
    • Payroll costs
    • Mortgage interest (most should be covered)
    • Rent costs
    • Utility costs
    • Employee and compensation levels – these must be maintained during this time
  • Key facts on the loan
    • Payroll costs are capped at $100,000. This is done on an annualized basis (per employee)
    • Loan payments to be deferred for 6 months
    • Small business and sole proprietorships can apply starting April 3, 2020
    • Independent contractors and individuals who are self-employed can apply starting April 10, 2020

Main Street Lending Program

  • New Loan Facility (MSNLF) or Expanded Loan Facility (MSELF)
  • Eligible if have 15,000 or fewer employees and 2019 revenue of less than $5B
  • 4 year term
  • Interest rate of LIBOR + 300 basis points
  • Must qualify for minimum loan size of $500k
  • Can apply for this loan on top of the PPP loan

CARES Act: Emergency Injury Disaster Loan (EIDL)

  • Loans up to $2 million
  • No personal guarantees for loans less than $200,000
  • Credit elsewhere test being waived
  • Run solely on applicant credit score (not sure cutoff), or “use an appropriate alternative method to determine applicant’s ability to repay”
  • Request an advance of $1,000 per employee (up to $10,000), which you may receive within 3 days (Emergency Grant)
  • Rates set at 3.75%


We have seen companies of all sizes struggle with the new remote working landscape and we wanted to do whatever we could to help. We feel we have a responsibility to share out the information and research that we have compiled while learning to navigate this situation ourselves.

You can find information on the following:

  • Helpful Links and Resources for Small and Medium-sized businesses
  • The CARES Act
  • CDC Information and Preventative Measures

We hope that you find the provided information helpful, as it was extremely helpful for us!

Please note that all of the information and resources we are including are a work in progress. We are continuing to compile information and will add it to our website as we receive it. In the meantime, please bear with us!


COVID-19 Cases Data


US Unemployment Statistics

*US unemployment statistics data source : https://data.bls.gov/

*If on mobile please swipe the graphs left/right to see more of them

LEGAL STUFF: Root Level Technology, LLC is not affiliated with any governmental agency or department. We are providing resources and information that we have found useful. You should always consult with the appropriate local, state and/or federal agency or department. Also, you should consult with your tax and/or legal adviser(s) as appropriate.