2020 Coronavirus Updates:

[2020-04-03 15:25] EIDL & Advance Update

EIDL applicants should expect to received a call from an SBA representative about your application. You should keep a copy of your application number handy and ask the caller to certify that number before providing any personal information.

[Wet Blanket Warning!] We are getting word that the “up to $10,000 loan advance” is tied to employee count. Businesses with one or two employees should not expect a large sum.

[2020-04-03 15:20] PPP Update

Contrary to Fed statements earlier in the week, financial institutions are non ready to take Paycheck Protection Program applications today, April 3rd. Our guidance is to:

[2020-03-30 12:45] CARES Act Basics

The CARES Act provides additional support for businesses. Here are a few:

• Paycheck Protection Program is a forgivable loan program for up to 8 weeks or employee expenses.
• $10,000 grant available by applying for the Economic Injury Disaster Loan (EIDL) program.
• Expansion of EIDL to include non-profits. We are still determining what limits (if any) there may be.
• More info here!