What are the effective dates for the paid leave provisions?

Time taken between April 1, 2020 and December 31, 2020

Are there any limits on the hours?

Refer to the U.S. Department of Labor.

Can time be applied for days already taken?

The paid sick leave and expanded family medical leave time are NOT retroactive and can only be used to cover time that would have started on April 1 through December 31, 2020.

What if employees are not working because the employers are closed either due to lack of business or state/local order?

In these scenarios, employers do not have to provide the leave.

What about furloughed employees?

Employees who are furloughed (not working but still on payroll) are not entitled to the benefits.

Who is eligible for unemployment?

Eligibility for unemployment compensation is determined by the state unemployment office.

Do employees have to wait to claim unemployment benefits?

Employees can file for unemployment as soon as no work available.  For questions regarding unemployment, refer to the U.S. Department of Labor.

What will happen to my unemployment rate if an employee files for unemployment?

Refer to your state's unemployment office.

What is better for my company an SBA loan or applying for a PPP loan or both?

The answer is dependent on your situation as some loan options may be forgiven. Consult with your accountant or tax advisor.