It has now been nearly a week since the Coronavirus Aid, Relief, and Economic Security Act –or "CARES Act" — was signed, setting into motion the largest stimulus package in U.S. history.While the bill allots historic levels of resources for businesses, everyday citizens, and those who ...
This article highlights two immediate resources your company may qualify for under the CARES Act: the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). #1 Economic Injury Disaster Loan (EIDL) The online application for EIDLs is open right now and you can find it...
Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.Apply online directly with SBA. SBA Small Business Debt Relief Program Provides relief to small businesses with non-disaster SBA loans. SBA covers principal and interest o...
Once you determine which SBA Loan Forgiveness Application Form you will use, we recommend that prior to applying online through Bank of America for PPP loan forgiveness, you carefully review and fill out the applicable form, and gather any required documentation specified in the instructions: PPP ...
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As part of the CARES Act, the federal government created three new programs for people who are unemployed or out of work due to COVID-19. Because unemployment compensation is one of the most important parts of the newly enacted CARES Act, we wanted to take some time to expand just on...
athttps://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program. Borrowers of $150,000 and less may utilize a short-form application (3508-S) which does not require the borrower to submit documentation prior to submitting their forgiveness application to the ...
If you have been financially impacted by Covid-19 and are worried about paying your mortgage, you could consider applying for forbearance. Under the Cares Act, struggling homeowners can either reduce or pause payments on a federally backed mortgage loan.
Department of the Treasury released additional information regarding small business loans under the new $349 billion Paycheck Protection Program (“PPP”). The PPP was created by the Coronavirus Aid, Relief and Economic Security (“CARES”) Act enacte...
Start with the 10 simple questions on this site to begin your claim. We will email you a secure link to an application questionnaire to be completed online. Upload Data Upload your 941 returns, PPP loan documents, and raw payroll data on our secure portal. ...