Many of your companies have already applied for and received the loans provided by the new Paycheck Protection Program which is part of the CARES Act. A key incentive to receive these loans is the forgiveness feature. Loans are forgiven when the proceeds are used for any of these costs:
Note, however, that in order for the amounts to be forgiven, you must maintain the same average number of employees for the eight-week period beginning on the origination date of the loan as you did from February 15, 2019 - June 30, 2019 or from January 1, 2020 until February 15, 2020. If you do not meet this requirement, the amount forgiven is reduced. You incur additional reductions if you cut compensation by more than 25% for employees who make under $100,000 as compared to the most recent quarter.