First and foremost, I hope that everybody is doing well and staying healthy. Resource Computer Solutions continues to care for our clients and provide the services that you depend on. We are finding that regular planning and communication with our clients is the best approach to dealing with the current situation and the challenges we are facing.
In the last month we have all made some drastic changes to many aspects of our personal and professional lives. Day-to-day operations at our businesses are different and may never look like they did a month ago. This event has changed the way we conduct business and will have lasting effects for years to come. Every industry is working to figure out how to best use technology to stay connected, be productive, and remain focused on what is truly important. Planning and communication are more critical now than ever before and we are all asking our employees to do it better, while everything around them is changing. It is important to give your employees the tools needed to do their jobs under the current conditions. Many companies are finding ways to use technology to streamline and improve their processes as they are changing how they do business, which is critical.
Small businesses have put quite a bit of time and energy into researching, preparing, and seeking lenders for the CARES Act. CARES is intended to provide businesses with less than 500 employees various relief programs that will be funded by the $2.2T government stimulus package. The Paycheck Protection Program (PPP), part of CARES, is a first-come, first-served program to maintain payroll for 8 weeks during the crisis. I recommend reaching out to your banking institution and financial advisor to start discussions as soon as possible as the demand for these loans is extremely high.
Do not hesitate to reach out if there is anything that RCS can do to assist you during this ever-changing situation.
Tim Coates
Chief Executive Officer