During these unprecedented times, there’s no surprise that many small business owners are worried about their business and looking for ways to maintain cash flow. We first want you to know that you are not alone. We’ve been helping many small business owners navigate the COVID-19 resources available to them through the Small Business Administration (SBA), and we can help you too.
There are tons of resources so we’ve highlighted the top 3 that are definitely worth checking out and that many small business owners are taking advantage of.
1. Paycheck Protection Program (PPP)
This loan program provides loan forgiveness that helps business owners retain employees by temporarily expanding the traditional SBA 7(a) loan program.
2. EIDL Loan Advance
The EIDL loan advance provides up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
3. SBA Express Bridge Loans
The SBA Express Bridge Loans enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
Have you taken advantage of any of the above SBA COVID-19 relief options? If you need help navigating any of the options, you can schedule a call with us. Assisting small businesses during this time is our priority.
Keith McLaurin | Licensed Commercial Broker ID#01190109 / NMLS#1209195
Phone: (858) 324-1951 | To schedule a meeting or call, click here.