In these trying financial times with the uncertainty caused by the COVID-19 crises, there are a number of helpful
programs to help businesses of all sizes and types weather the storm. Following are a few helpful links for several
of these options. We hope you find these useful as you examine all of the options available to your organization.
(Economic Injury Disaster Loans)
EIDLs are administered and approved
by the Small Business Administration (SBA).
These are intended for organizations with
less than 500 employees and offer a
bridge loan of $10,000 to cover short term
expenses. Under certain criteria, this may
be a forgivable loan. More information
on this program can be found
HERE on the SBA website.
Financing equipment purchases that you
may have traditionally paid for outright is
another option to protect valuable operating
cash. To explore financing for upcoming
projects or even projects “in flight,” click
HERE to tell us a bit about the project and
we will explore how we can help.
(Paycheck Protection Program)
The PPP is a program backed by the SBA
and administered by local lenders. No
personal guarantee or collateral is required
and this is forgivable if used for operating
expenses within 8 weeks of receipt.
Additional information can be found HERE.