Archive for the ‘Uncategorized’ Category
SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic
Monday, June 15, 2020Release Number: 20-47Contact:Press_Office@sba.gov, (202) 205-7036 WASHINGTON – To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. SBA’s EIDL program offers long-term, low […]
SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES […]
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 […]
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 […]