LegalFuneral Homes and Coronavirus Support

April 15, 2020Obitia

The coronavirus (COVID-19), while not directly causing economic damage, has caused state and local governments to introduce shelter in place and lockdown orders, effectively stopping much commercial and economic activity. This has had a devastating effect upon business throughout the United States, and particularly on small businesses that do not have access to large revolving credit lines or sufficient savings to get through this period of uncertainty. The side effect has been that many small and medium businesses have had to cut or furlough employees in order to stay solvent, creating massive unemployment and distress amongst individual workers and their families. The funeral industry is dominated by family-run small businesses and has not been immune.


The CARES Act and the Paycheck Protection Program

In response, the federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which includes a $349 billion small business loan program called the Paycheck Protection Program (PPP) designed for businesses having fewer than 500 employees to be administered through the Small Business Administration (SBA). The maximum amount of the loan is the lesser of (i) 2.5x average monthly payroll and (ii) $10 million. Subject to certain conditions, there are aspects of the loan that qualify for forgiveness.

The deadline to apply for a PPP loan is June 30, 2020, and details are accessible at and

As of 04/15/2020 there is no funding available, however, Congress is debating on whether to increase the amounts available.

As the majority, if not all, of funeral homes, have less than five hundred employees (500), it is likely the 500 employee cap is applied at the legal entity level, they are able to apply for these loans. Small businesses have had trouble if they do not already have a relationship with a bank offering these loans. If you do have a banking relationship with a large national bank that should not be an issue.


Other Sources of Covid-19 Financial Relief Programs

Forbes has a list of banks and how they are helping individuals and small businesses. Click here for more information.

Hello Alice is offering $10,000 grants being distributed immediately to small business owners impacted by a coronavirus, as part of their mission to ensure Business for All.

Kiva is offering 0% interest loans, as well as expanded loan eligibility for businesses across the US.

Mainvest, a crowdfunding platform is offering $2,000, zero-interest, 120-day loans for brick and mortars that are being affected by shutdowns.

Nav’s Small Business Grant is offering $10,000 dollar grants to take your business to the next level.

Opportunity Fund specializes in lending to small businesses owned by women, immigrants, and people of color.

The Small Business Relief Initiate was started by GoFundMe to help small businesses that have been affecting by Coronavirus.



While there is no more money left in the original PPP and Cares Act funds, it is likely that there will be more money assigned in forthcoming legislation. There is also the opportunity to tap private and charitable resources for bridge funding in the meantime. Funeral homes should also look to other opportunities to save money such as free advertising on Google and Facebook if available, while not as much money as a loan, a couple of hundred dollars always helps.

If you are interested in obtaining guidance on navigating the Care Act or the PPP please send us a message we will be providing guidance on how to qualify and how to fill out the applications to maximize your chance at receiving funding.

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The information provided does not, and is not intended to, constitute legal, accounting or tax advice; instead, all information, content, and materials available on this site are for general informational purposes only.




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