CARES ACT SBA LOAN INFORMATION
Click the link below to review the details of the Payment Protection Program (PPP) & Economic Injury Relief Loan) >>> Small Business Owners Guide to CARES Act
· You can apply for a PPP though a preferred lender of the SBA and will be fully participating in the Paycheck Protection Program and other “CARES Act” relief programs on April 3, 2020 for small businesses & April 10, 2020 for independent contractors.
Call your local bank to find out if they are a preferred vendor. I am locally using Bank OZK, they will have the PPP application available online tomorrow. View a sample application here> PPP Application
· Per Bank OZK> We recommend that business owners start to organize supporting documentation for their requests which could include two years business tax returns, year-end financials, recent payroll documents, a personal financial statement, and a schedule of liabilities that lists all your current debt obligations (among other relevant documents)
To Apply for the EIRL, click EIRL Application
****Consult the SBA, Preferred SBA Lender, Accounant, & Financial Advisor for questions