SBA SMALL BUSINESS LOAN | GRANT STIMULUS PROGRAM

​EFFECTIVE IMMEDIATELY

WE ARE HERE TO HELP!
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In response to the Covid-19 pandemic which has swept our country, the United States Government working closely with the Small Business Administration, has implemented a Stimulus & Relief Package.  This Stimulus & Relief Package is designed to assist any small business* which fits into the broad categories listed below.

Although highly publicized, you may be unaware of the specific details of this program or how to apply for grant consideration.  We have been working diligently to consolidate all the information available and make it available to you in a simple & concise format.  We are here to help!

SMALL BUSINESS REQUIREMENTS

WHAT YOU NEED TO KNOW

SBA PROGRAM
​DETAILS
​Emergency EIDL grant of up to $10,000 is forgiven. Grant must be used for the following expenses:
  • Providing paid sick leave to employees unable to work due to the direct effect of the COVID–19
  • Maintaining payroll to retain employees during business disruptions or substantial slowdowns
  • Meeting increased costs to obtain materials unavailable from the applicant’s original source due to interrupted supply chains
  • Making rent or mortgage payments, Eligible expenses (below) within an 8-week period from date of loan origination
  • Payroll costs (including everything listed above)
  • Payments on mortgage interest
  • Rent
  • Utilities
  • Your loan forgiveness will be reduced if you decrease the number of your full-time and/or decrease salaries and wages by more than 25% for any employee that made less than $100,000 annualized in 2019
  • Re-Hiring: You have until June 30, 2020 to restore your full-time employment and salary levels for any changes made between February 15, 2020 and April 26, 2020
  • Repaying obligations that cannot be met due to revenue losses

GRANT | LOAN
FORGIVENESS
Grant / ForgivenessEIDL: The Economic Injury Disaster Loan includes a $10,000 emergency grant to be made within three days of application. These grants do not have to be repaid as long as funds are used for: 
  • Providing paid sick leave to employees unable to work due to the direct effect of the COVID–19; 
  • Maintaining payroll to retain employees during business disruptions or substantial slowdowns;   
  • Meeting increased costs to obtain materials unavailable from the applicant’s original source due to interrupted supply chains; 
  • Making rent or mortgage payments; and 
  • Repaying obligations that cannot be met due to revenue losses. ​