PPP LOAN LINKS AND INFORMATION
Hello all;
The treasury has released the application for the PPP loans and they can be found here https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
The application is pretty simple and straightforward, I have a marked up version attached below.
The SBA says the following about submission of this application:
When to Apply Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.
How to Apply You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at www.sba.gov.
This means you will need to work with a banker to get this loan processed. Please reach out to any banker you have a relationship ASAP to ensure you are on their radar for this loan-if they cannot help you ask for a referral to someone who can.
As always, if you have any questions about this loan, or anything regarding finance during this time, or if you just need to vent, cry, scream, get on Katie's calendar at the link below.
With love and solidarity,
-Katie and the REV ATX team.
