Archive for the ‘Uncategorized’ Category
Small Business Provisions in Cornavirus Aid, Relief, and Economic Security (CARES) Act Explained
Please click here for a summary explanation of the new Small Business CARES Act Sample PPP Application You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans […]
SBA 504 Loan Payment Deferments
March 22, 2020 Dear SBA 504 Borrowers: The SBA has authorized loan payment deferment relief for borrowers that have been adversely affected by COVID-19 related economic disruptions. We are authorized to grant up to a 6-month deferment of principal and interest payments for your SBA 504 loan when you can show a need for such relief […]
Small Business Disaster Preparedness
Major counties in Colorado have now been added to the list of eligible locations for businesses that need Disaster Loan Assistance. Please check here: https://disasterloan.sba.gov/ela/ Small Business Guidance Coronavirus-COVID 19: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Some Updates…..
Special Purpose Projects: Please remember that any business (including affiliates) that has an outstanding debenture for a project involving a Limited or Special Purpose Property is required to contribute at least 20% for each subsequent project involving a Limited or Special Purpose Property (SOP 50 10 5 (K), page 270). Special Purpose Property includes car […]