Dear Valued Client,
We hope you and your loved ones are healthy during these uncertain times we are going through with the COVID-19. In response to recent developments and acts signed into law, we are constantly educating ourselves on all of the details to be able to provide to our clients that could possibly affect them immediately or over the next couple of years. First and foremost are the financing programs being offered by the Small Business Administration (SBA). In particular, there is an Economic Injury Disaster Loan (EIDL) available and a Payroll Protection Program (PPP) loan available. Both of these loans have the potential to be forgiven if certain requirements are met. Please navigate to the following links to learn about the programs. If you have any specific questions on these programs please reach out to us or your local banker.
- home.treasury.gov/cares
- covid19relief.sba.gov
- sba.gov/funding-programs/loans/paycheck-protection-program-ppp
In addition to the above programs, the new acts contain many provisions that may affect your businesses in different ways. Below are documents that explain each one of these various provisions and an all-inclusive document that contains a summary of individual and business related provisions.
After reading through the information, if you have any specific questions on something that might affect you or your business immediately please let us know. If there are any provisions that will not affect you or business immediately please reach out to us at a later date.
Your business health, questions and concerns are important to us and we are here to help.
Take care,