Grants and Loans due to COVID-19

SAVE YOUR BUSINESS WITH ECONOMIC DISASTER GRANTS & LOANS DUE TO LOSSES CAUSED BY COVID-19.

FEDERAL/STATE/LOCAL PROGRAMS

The coronavirus may have strapped us all with unprecedented economic hardship, but that doesn’t mean our businesses need to wither under the pandemic. We want to help you continue to be a part of the economic engine that allows your communities to survive, thrive, and spend smarter.

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

Find out if you’re eligible for one of the many small business grants and loans at the local, state and federal levels.

SBA disaster loans may be used to cover:

  • Fixed debts (rental payments, car payments, etc.)
  • Employee payroll
  • Monthly bills
  • Outstanding invoices (accounts payable)
  • Business adaptations (delivery, online/mobile options, etc.)

If you’re approved for an SBA disaster loan due to economic losses caused by coronavirus, you will begin receiving your funds quickly.

Our team of professionals can help you navigate and complete the forms and appropriate documentation to ensure timely submission.

 

What documents do I need for my Paycheck Protection Program loan application?

All Applicants

All applicants should be prepared with the following:

  • Business start date
  • Government issued ID (front and back)
  • Monthly Payroll Report (Note: Payroll providers like ADP, Paychex and Gusto already have a report setting available for PPP loans. Please check with your provider.)
  • Bank account and routing number
  • (If applicable) Medical Insurance payment verification
  • (If applicable) Documentation confirming retirement benefits
  • (If applicable) Economic Injury Disaster Loan (EIDL) statement

Companies with Employees

2020 Payroll Records

  • W3
  • IRS Form 941 – Employer’s Quarterly Federal Tax Return for Each Quarter in 2020 and 2019 (if we already have your 2019, there is no need to resend)
  • Payroll ledgers or summary reflecting each employee’s compensation for 2019 or 2020

Profit and Loss Statements for 2019 and 2020

  • P&L Statement report should show 1st, 2nd, 3rd and 4th quarter for both 2019 and 2020

Business Validation Documents (if not previously submitted)

  • Corporations — Articles of Incorporation
  • LLCs — Articles of Organization and Operating Agreement
  • Limited Partnerships — Certificate of Limited Partnership/Partnership Agreement
  • Sole Proprietorships – Updated Business License (if applicable)
  • Driver’s License/Passport for all Applicants
  • Voided Business Check

Independent Contractors/Sole Proprietors

  • 2020 Schedule C (draft is okay) if available
  • 2019 Schedule C
  • 1099 for 2019 & 2020
  • 2020 Bank Statements for business
  • Business license (if applicable)
  • Driver’s License
  • Voided Business Check

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