COVID-19 Funding Resources [Webinar Recap]
On April 1st, 2020 we teamed up with CDC Small Business Finance to bring the latest information regarding the Paycheck Protection Program, SBA EIDL, and State/Local resources.
State and Local Funding Resources
We put together this continuously updated spreadsheet to put all the funding relief efforts in one place. Start here, and see if there are any local programs available to you.
CARES Act: Paycheck Protection Program
The economic stimulus package that was recently passed delivers a huge opportunity to individuals and small businesses. The Paycheck Protection Program offers loans with forgiveness options. You may apply now with an SBA-certified lender, act fast because the money will go quick!
- Learn more about the Paycheck Protection Program here, as well as download a sample application
- SBA Certified Lenders
SBA Economic Injury Disaster Loans (EIDL)
The SBA EIDL offers long term, low-interest disaster loans during times of crisis like this. With the recent stimulus package, they are now offering a $10,000 advance within 3 days of you applying for the EIDL. This $10,000 acts like a grant and does not need to be repaid under any circumstances, even if your loan application gets rejected. In order to get the advance, you must apply for the EIDL.
The SBA has set up a streamlined application available here
We can help
It’s crazy out there so we feel that it is important that you get guidance from someone you can trust. If you have any questions about this process, or if it’s stressing you out and you just need to talk to someone, give us a call!
More about CFO Hub
CFO Hub provides outsourced CFO, Controller, and accounting services for growing enterprises to augment and streamline their operations. We strive to provide the most comprehensive financial support tailored to fit your business needs. By partnering with the CFO Hub team, you will have access to financial professionals with decades of experience for a fraction of the cost of a full-time staff. Learn more about how we can help you by contacting us for a free consultation and strategy session.