SBA emergency loan application
The Small Business Association (SBA) of the United States is giving small businesses affected by COVID-19 disaster loan assistance.The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million to support with the temporary loss of revenue that so many in the hospitality industry are facing today. These loans can be used for payroll, fixed debts, accounts payable, and many other operating expenses.
To acquire a loan under SBA’s Economic Injury Disaster Loan Program, the first step is an application. We are offering a service where we will assist in completing the application, allowing the business owner to focus on other areas of their business. This caters especially to owners of food and beverage businesses such as restaurants, bars, caterers, bakeries, nightclubs, etc.
If you would like help in completing the SBA loan application, we are offering our assistance for a flat fee of $500. Our accounting services team is up to date on all of the criteria for this SBA loan program. One key criteria from the SBA is that the business must exhibit the ability to repay the loan. Therefore, as part of our service, we will:
- Prepare a 12-month budget and cash flow statement using our Budget Creator Pro software to provide the best chance for the loan being funded.
- Provide a recommendation of the amount of funds needed. The SBA loan analyst will provide their recommendation for the loan amount, but it may be more than you need.
- Assist in ensuring that all forms and financial records that the SBA requires are submitted so that there are no delays in approving the loan due to missing or incomplete information.
For more information, please complete the following form and we will be in touch very soon.
Are you a current member with us? If so, please reach out to Gregg Sourbeck, Solutions Coach. The SBA loan application service is available for our members at no cost.