Small Business Administration's Disaster Relief Loans | COVID-19 Resources | 意图 CPA-安全的赌博软件
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Small Business Administration Provides COVID-19 Crisis Relief

Small Business Administration | Disaster Relief Loans | Ohio CPA 公司If you are in need of low-interest federal loans for working capital for small businesses and nonprofits, the Small Business Administration is working to make disaster relief loans available in response to the COVID-19 crisis. To be eligible, your business must have fewer than 500 employees.

申请经济资助， 点击这里. You can also contact your 意图 advisor, or complete the 联络表格，提出问题或寻求协助.

1万美元紧急资金现已到位

The CARES Act establishes an Emergency Grant to allow an eligible entity who has applied for a Disaster Loan due to COVID-19 to request an advance on that loan, $1,每名员工000美元到10美元,000, which the SBA must distribute within three days. 根据法律, applicants are not required to repay advance payments, even if they are subsequently denied for a Disaster Loan. 然而, in advance of distributing the advance payment, it's the SBA's responsibility to verify that the entity is an eligible applicant for a Disaster Loan. Advance payments may be used to provide sick leave to employees, 维护工资, 满足增加的材料获取成本, make rent or mortgage payments and to repay obligations that cannot be met due to revenue losses. 进一步, the Act requires that an advance payment be considered when determining loan forgiveness if the applicant transfers into a loan made under the SBA's 薪水保障计划.

View The Webinar: How To Claim SBA Disaster & 关怀法案贷款

如何理赔灾难 & CARES Act Small Business Loans | On Demand Webinar | Ohio CPA 公司

IMPORTANT: Those who have applied for a Disaster Relief Loan prior to the CARES Act being signed into law MUST reapply at the SBA's new portal to receive the forgivable $10,贷款预支.

When Applying For A Disaster Loan, Have The Following Documents Handy

While the following information isn't required to start the application but you may need it to continue the process later on.

    • 税务授权书(4506 - t形式) – each applicant and partner must submit a form for their individual and business taxes
      • 20%业主/GP/50%附属公司
    • Most recent business tax return must be uploaded
      • If 2019 is not available, then a balance sheet and P&必须提供L.
    • 个人财务报表(表格413)
      • 20%的业主/GP
      • 如果你有的话可以上传你自己的副本吗
      • 如果你有私人房产, 你必须提供地址之类的信息, 购买价格, 购买日期, 当前市场价值的估计
    • 负债表(表格2202)
    • Form 1368 – additional info – monthly sales figures – 3 years – total sales figures for each year should reconcile to the sales figures on your tax returns for the corresponding fiscal years.

贷款的条款是什么?

    • 最初的贷款最高可达200万美元. 然而, effective April 14, 2020, these loans are being limited to $15,000 per applicant.
      • A loan processor will determine the loan amount. 没有一个特定的公式.
    • 利率3.75%
    • 刑期最长可达30年.
      • 贷款处理人员将设定条款. The repayment term is based on the ability to pay.
    • Loans under $25,000 do not require collateral.
    • 贷款超过25美元,000 require collateral – generally real estate – regardless if equity is available.
    • The loan will not be declined for lack of collateral but requires that the borrower pledge what is available.
    • Any loans less than $200,000 will not require a personal guarantee.

Helpful Tips When Applying for SBA's Disaster Relief Program

    • 在线申请.
    • 把密码写下来. 你不能通过电子方式检索它, 我们听说过, 在某些情况下, the call center personnel may not be able to retrieve it.
    • 不要急于通过申请. Check and recheck the filing requirements to ensure that all the needed information is completed prior to submission. The biggest reason for delays in processing is due to missing information.
    • Use the same contact information (business name and the name of all owners) that you use on your federal tax returns. 仔细检查它们是否匹配.
    • If your tax returns reference other businesses that you own, you must also submit those tax returns in order to avoid a processing delay. If the entities are pass-through entities (LLC or S Corp), the individual owners may also need to provide personal financial statements if they own more than 20 percent.

When it comes to the timeline for processing the loan, please note the following information:

  • It will take approximately 21 days to be approved for the loan. That being said, due to the high demand, it could take longer.
  • It will take between 3-5 weeks to receive the funds you requested from the date you submit the application.
  • Your first loan payment to the SBA can be deferred up to 11 months.

All this to say that the sooner you apply for an SBA disaster recovery loan, the better. 除了向你的导师寻求帮助 & 比较靠谱的赌博软件 advisor, consider reaching out to small business development centers throughout Ohio. These organizations can provide you with excellent resources and insight as well.

Again, if you need assistance, please contact your 意图 advisor directly. If you don't have an existing 意图 contact, fill out our online 联络表格.