Paycheck Protection Program (PPP)
From cash flow losses to temporary layoffs, small businesses are having to quickly adapt. There is good news. This SBA loan program provides the small business up to $10 Million dollars to keep their work force employed.
Economic Injury Disaster Loan (EIDL)
Small businesses are faced with economic difficulties which is unprecedented. This loan advance will provide your business up to $10,000 of economic relief to cure temporary difficulties.
An applicant may use a third-party broker to apply for these loans. Third party broker is known as the “Packaging Agent” who can apply on behalf of the client to complete the application and to expedite the process.
SBA will collect information in order to make a determination of a loan under SBA’s economic injury disaster loan program (EIDL) to the qualified entities and sole proprietors listed on the application. These businesses are impacted by the Coronavirus (COVID-19). SBA will rely on self-certification contained in the application to verify if an applicant is qualified for Economic Injury Disaster Loan (EIDL). The estimated time to complete an application is two hours. In certain situations, the process may take longer. The process description will be as follows.
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