To all our Cornerstone Members,
We hope this update finds you and your families safe and healthy.
The City of Lawrenceville announced a joint emergency stay at home order with Gwinnett County. Citizens are urged to limit movements outside of their homes beyond essential needs.
We have been in direct contact with the Mayor of Lawrenceville, David Still, and Cornerstone will not be able to operate starting at 12:01 am on Saturday, March 28, 2020, and will continue until April 13, 2020, unless extended.
Cornerstone Residents and other members who have mail service will be allowed access to the building to retrieve their mail, and we will have staff who will retrieve it daily and place in the mailboxes and or the private office spaces as normal.
We will also postpone any membership billings that were scheduled for April 1st until April 15th. If the shelter in place order extends beyond that we will adjust this as well. You will be charged a prorated amount based on when we reopen.
Our awesome staff members are still available to help with any and all needs that can be performed remotely. Please do not hesitate to reach out if you need anything–we want to help!
Use the following services to connect with our staff for any assistance you might need:
- – Cornerstone mobile app
- – Website – https://cancollab.com
- – Email – Info@cancollab.com
- – Phone – 770-609-2323
We have been attending video conference calls and webinars and staying on top of the CARES Act which passed this afternoon. Look for some additional emails from us on this in the near future. Until then, here are some highlights of what we understand to have passed.
The CARES Act will provide loans that can convert to grants (no need to be paid back) for the following eligible organizations:
- > A small business with fewer than 500 employees
- > A small business that otherwise meets the SBA’s size standard
- > A 501(c)(3) with fewer than 500 employees
- > An individual who operates as a sole proprietor
- > An individual who operates as an independent contractor
- > An individual who is self-employed who regularly carries on any trade or business
A borrower is eligible for loan forgiveness equal to the amount the borrower spent on the following items during the 8-week period beginning on the date of the origination of the loan:
- > Payroll costs (using the same definition of payroll costs used to determine loan eligibility)
- > Interest on the mortgage obligation incurred in the ordinary course of business
- > Rent on a leasing agreement
- > Payments on utilities (electricity, gas, water, transportation, telephone, or internet)
- > For borrowers with tipped employees, additional wages paid to those employees
Loan forgiveness cannot exceed the principal.
We appreciate your understanding and help during this time. Any updates will be communicated as they come, but feel free to reach out to us with any questions, concerns, or recommendations. If there is anything we can do to help you, let us know!
We are praying for each of you, your families, and your business during this time and hope to see you all soon.
Stay Diligent, Stay Productive and Stay Safe,
The Cornerstone Team