Key Reminders When Applying for the CARES Act Stimulus Package
We encourage you to contact your CPA and your local Financial Institution Representative immediately and let them know you’re ready to apply for the CARES Act Stimulus Package. It also is a good idea to consult with your attorney if you have a relationship with one. They will also be able to help you review your company's situation and can help work alongside with your CPA and Financial Institution partners to make sure you have everything in place in order to enroll in the CARES Act program.
Funding options through the CARES Act include:
Paycheck Protection Program
Economic Injury Disaster Loan Emergency Advance
SBA Express Bridge Loan Relief
SBA Debt Relief
For more information on these programs please check:
Please make sure you have these items updated and ready to be able to submit with your loan request:
- Documentation verifying the number of employees on payroll, whether they are full or part time, and their pay rates, including tax filings reported to the IRS and state income, payroll, and any unemployment filings.
- Documentation verifying mortgage interest, lease, and utility payments and any other critical operational components for running your company.
- Profit & Loss Statements and the most up to date Balance Sheet
Federal Relief Options
Economic Injury Disaster Loan (EIDL)
Paycheck Protection Program (PPP)
SBA Express Bridge Loan Relief
SBA Debt Relief
Other Resources
