The document provides information about the SBA Economic Injury Disaster Loan program to help businesses affected by the coronavirus pandemic. It details that the SBA can provide eligible small businesses and nonprofits with low-interest working capital loans up to $2 million to help address short-term needs caused by lost revenues. The loans have favorable terms including a 3.75% interest rate for businesses, 2.75% for nonprofits, and payments are deferred for 11 months. Acceptable uses of funds include payroll, accounts payable, mortgage payments, and utilities. Applicants need to provide tax and financial information and the SBA aims to make its decision within 2-3 weeks of receiving a completed application.
Small businesses need business loans to survive the covid 19Merchant Advisors
Here is everything you need to know about the SBA Coronavirus Disaster Loan Program, how to apply, important details, and expediting the approval process. https://www.onlinecheck.com/blog/business-loans/coronavirus-business-loans/
Based on Treasury Guidance as of 4/6/2020, Donaldson Legal Counseling PLLC presents Q & A of the Paycheck Protection Program from the CARES Act
https://attorneylawny.com/paycheck-protection-program/
Small businesses need business loans to survive the covid 19Merchant Advisors
Here is everything you need to know about the SBA Coronavirus Disaster Loan Program, how to apply, important details, and expediting the approval process. https://www.onlinecheck.com/blog/business-loans/coronavirus-business-loans/
Based on Treasury Guidance as of 4/6/2020, Donaldson Legal Counseling PLLC presents Q & A of the Paycheck Protection Program from the CARES Act
https://attorneylawny.com/paycheck-protection-program/
Check the various FAQs answers here about the implementation of the Paycheck Protection Program (PPP) Loans, established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). CARES Act is the largest economic relief bill in United States history which will support individuals and businesses affected by the COVID-19 pandemic.
Medicaid Planning in Oklahoma: What is the Medicaid Look Back?Larry Parman
Because of medicaid look back, you must employ a relatively long-term medicaid planning strategy if you want to become eligible at the right time. Learn more about medicaid planning in Oklahoma in this presentation.
I am mentioned several times in the September 2011 issue of Restaurant Finance Monitor John Hamburger. My input is directly loan based and I provide quick figures as to what you can expect by using our loan program for you next restaurant commercial financing project.
Part of a live Facebook Event provided 08/21/20 by South Central Alabama Development Commission, these slides explain the Older Americans Act Legal Assistance Program provided by that agency.
Small business loan options for native american owned businessesMerchant Advisors
Native American business are facing unique financial challenges. We can help minority businesses to grow with a range of small business loan options. https://www.onlinecheck.com/blog/business-loans/small-business-loan-options-for-native-american-businesses/
Louisiana Small Business Loans – Get Approved For Small Business Financing dhamza
Are you looking for a loan for your commercial vehicle? If yes, then you should consider applying for commercial vehicle financing. The process of obtaining business loans for vehicles is quite simple. However, there are certain factors that you need to keep in mind while applying for a commercial vehicle loan.
If you are planning to buy a new commercial vehicle, then you should apply for commercial vehicle financing before buying the vehicle. It is because the finance company will give you a better rate of interest if you apply for a commercial vehicle loan before purchasing the vehicle.
A Very informative and detailed explanation of what your credit rights are, what your credit score means, and United Credit Education Services Company overview and procedures.
SBA Economic Injury Disaster Loan Slides from a presentation in MinnesotaBucky Beeman
On this call, I record the SBA Economic Injury Disaster Loan training that was being explained by Twila Kennedy the Lead Economic Development Specialist in the Minnesota District Office for the U.S. Small Business Administration.
Below are additional resources for you to check into including a screen recording of the entire call.
YOUTUBE VIDEO:
https://youtu.be/LucPI6bA7uI
AUDIO RECORDING:
https://audioboom.com/posts/7537126-details-on-the-sba-economic-injury-disaster-loan-training-recording-from-minnesota
PRESENTER:
Twila Kennedy
Lead Economic Development Specialist
Minnesota District Office
U.S. Small Business Administration
330 2nd Avenue South #430
Minneapolis, MN 55401
(612)370-2300
Cell (202) 805-9880
Fax (202) 481-5920
twila.kennedy@sba.gov
www.sba.gov/coronavirus
https://www.sba.gov/local-assistance
SBA Minnesota District Office
Minneapolis.mn@sba.gov
Sign up for updates at www.sba.gov/updates
Follow us on Twitter @sba_minnesota
What Is Life After Coronavirus? How To Claim SBA Disaster & CARES Act LoansRea & Associates
While the COVID-19 crisis continues to impact businesses large and small, government entities and lending institutions are working tirelessly to provide the relief necessary to maintain operations, maintain a workforce, and overcome the crisis. We continue to receive minute-by-minute updates from government officials and others who are trying to help streamline the process and provide you with the funds you need to stay in business.
We understand how difficult the application process is for those looking to take advantage of the assistance being offered by the Small Business Administration, which is why our SBA Loan Task Force will provide you with a presentation designed to help you understand the resources now available through the SBA disaster loan program, as well as the new resources that are becoming available as a result of the pending CARES Act legislation.
This presentation will help you determine:
Whether your business is eligible to receive funds.
How to apply.
What information you will need to complete the loan process.
Best practices and resources to help you along.
This presentation is presented by Paul McEwan, CPA, MTax, AIFA, principal and director of benefit plan services at Rea & Associates; Matt Long, CPA, MT, principal and director of client advisory services at the firm; and Scott Moyer, CPA, principal and director of oil & gas services.
Paul, Matt, and Scott have stepped up to lead the Small Business Administration's Disaster Loan Task Force. Not only have they studied the topic and are actively updating their knowledge base as events continue to unfold, but this team also works directly with clients who are currently trying to navigate the process.
Check the various FAQs answers here about the implementation of the Paycheck Protection Program (PPP) Loans, established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). CARES Act is the largest economic relief bill in United States history which will support individuals and businesses affected by the COVID-19 pandemic.
Medicaid Planning in Oklahoma: What is the Medicaid Look Back?Larry Parman
Because of medicaid look back, you must employ a relatively long-term medicaid planning strategy if you want to become eligible at the right time. Learn more about medicaid planning in Oklahoma in this presentation.
I am mentioned several times in the September 2011 issue of Restaurant Finance Monitor John Hamburger. My input is directly loan based and I provide quick figures as to what you can expect by using our loan program for you next restaurant commercial financing project.
Part of a live Facebook Event provided 08/21/20 by South Central Alabama Development Commission, these slides explain the Older Americans Act Legal Assistance Program provided by that agency.
Small business loan options for native american owned businessesMerchant Advisors
Native American business are facing unique financial challenges. We can help minority businesses to grow with a range of small business loan options. https://www.onlinecheck.com/blog/business-loans/small-business-loan-options-for-native-american-businesses/
Louisiana Small Business Loans – Get Approved For Small Business Financing dhamza
Are you looking for a loan for your commercial vehicle? If yes, then you should consider applying for commercial vehicle financing. The process of obtaining business loans for vehicles is quite simple. However, there are certain factors that you need to keep in mind while applying for a commercial vehicle loan.
If you are planning to buy a new commercial vehicle, then you should apply for commercial vehicle financing before buying the vehicle. It is because the finance company will give you a better rate of interest if you apply for a commercial vehicle loan before purchasing the vehicle.
A Very informative and detailed explanation of what your credit rights are, what your credit score means, and United Credit Education Services Company overview and procedures.
SBA Economic Injury Disaster Loan Slides from a presentation in MinnesotaBucky Beeman
On this call, I record the SBA Economic Injury Disaster Loan training that was being explained by Twila Kennedy the Lead Economic Development Specialist in the Minnesota District Office for the U.S. Small Business Administration.
Below are additional resources for you to check into including a screen recording of the entire call.
YOUTUBE VIDEO:
https://youtu.be/LucPI6bA7uI
AUDIO RECORDING:
https://audioboom.com/posts/7537126-details-on-the-sba-economic-injury-disaster-loan-training-recording-from-minnesota
PRESENTER:
Twila Kennedy
Lead Economic Development Specialist
Minnesota District Office
U.S. Small Business Administration
330 2nd Avenue South #430
Minneapolis, MN 55401
(612)370-2300
Cell (202) 805-9880
Fax (202) 481-5920
twila.kennedy@sba.gov
www.sba.gov/coronavirus
https://www.sba.gov/local-assistance
SBA Minnesota District Office
Minneapolis.mn@sba.gov
Sign up for updates at www.sba.gov/updates
Follow us on Twitter @sba_minnesota
What Is Life After Coronavirus? How To Claim SBA Disaster & CARES Act LoansRea & Associates
While the COVID-19 crisis continues to impact businesses large and small, government entities and lending institutions are working tirelessly to provide the relief necessary to maintain operations, maintain a workforce, and overcome the crisis. We continue to receive minute-by-minute updates from government officials and others who are trying to help streamline the process and provide you with the funds you need to stay in business.
We understand how difficult the application process is for those looking to take advantage of the assistance being offered by the Small Business Administration, which is why our SBA Loan Task Force will provide you with a presentation designed to help you understand the resources now available through the SBA disaster loan program, as well as the new resources that are becoming available as a result of the pending CARES Act legislation.
This presentation will help you determine:
Whether your business is eligible to receive funds.
How to apply.
What information you will need to complete the loan process.
Best practices and resources to help you along.
This presentation is presented by Paul McEwan, CPA, MTax, AIFA, principal and director of benefit plan services at Rea & Associates; Matt Long, CPA, MT, principal and director of client advisory services at the firm; and Scott Moyer, CPA, principal and director of oil & gas services.
Paul, Matt, and Scott have stepped up to lead the Small Business Administration's Disaster Loan Task Force. Not only have they studied the topic and are actively updating their knowledge base as events continue to unfold, but this team also works directly with clients who are currently trying to navigate the process.
The paycheck protection program for small businessesMerchant Advisors
Here is a handy guide on what is the Paycheck Protection Program and it can help small businesses in the coronavirus pandemic. https://www.onlinecheck.com/blog/small-business-resources/paycheck-protection-program-for-small-businesses/
10 best business loans options for people with disabilitiesMerchant Advisors
Finding business loan options can be challenging especially if you have a disability. Here is a list of 10 best business loans for people with disabilities. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-loans-for-people-with-disabilities/
Leveraging Federal Financial Assistance Programs During COVID-19Kareo
Bill Finerfrock, HBMA Director of Government Affairs, will break down the CARES Act and its associated programs to provide you with key takeaways to help ease financial burdens and maintain current staff levels.
In this webinar, Bill will discuss:
-New Paycheck Protection Program
-Other SBA (Small Business Association) programs
-Medicare Advanced Payment Options
-Provider Lost Revenue Program
SBA & City of Evanston Economic Injury Webinar - 4/1/2020cityofevanston
Stephen Konkle from the Small Business Administration (SBA) presents options for City of Evanston businesses in the wake of the COVID-19 disaster. Includes information on the Economic Injury Disaster Loans (EIDL).
Coronavirus emergency loans via cares act -small business guide & che...Mark Weber
Banks are still waiting for guidance from the regulatory agencies as to how these loans are to be administered and which banks will be able to provide the loan. It may take up to two weeks before they can begin accepting applications. The recommendation is to make contact with your banking relationships ASAP since there will be a lot of asks coming in short order. You should tell the bank that you plan to apply and ask for updates as they learn more.
Our firm provides small business lawyers with focused and thorough service for all of our clients. Accordingly, from the moment you contact our firm, you will deal directly with your attorney.
Do the majority of your Florida business revenues go towards daily ACH ... Your Florida Merchant Cash Advance Attorney will amongst many other legal tools.
This deck was shared by a representative from the U.S. Small Business Administration to nearly 400 local business owners and managers throughout Greater Chapel Hill, NC on Friday, March 20, 2020 during the "All Business Briefing" video conference: https://business.carolinachamber.org/events/details/all-business-briefing-7726
2020 CoronaVirus SBA Disaster Loan Help PresentationJulio Medina
The SBA has Economic Relief funding available for small businesses. If you are in a state that has been declared in an emergency state you may be eligible for funding of up to 2 million dollars. This presentation will help guide you through the process. There are many businesses that will be affected by his pandemic. Use the resources that are available.
Small business owners guide to the cares actVijar Kohli
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will
be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax
provisions that are outside the scope of SBA.
Understanding Your Credit Report and ScoreSpringboard
Information about what’s on a credit report, how it gets there, how a credit score is calculated, and how to develop good financial habits. Understanding credit and knowing where you stand are vital to protecting yourself from predatory lending by unqualified or unscrupulous lenders offering costly or unstable loan products.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
1. SBA Office of Disaster Assistance
Coronavirus Disaster FAQs
What if the application is down?
Applicants may choose to apply using a Paper Application. They can do this through the same
webpage: disasterloan.sba.gov, by selecting “Loan Information” at the top of the screen. This
provides a list of links to all the necessary forms required.
Once completed, they can find the mailing/email instructions at the top of the same page, under
“COVID-19 Delivery Options”.
Mail:
US SBA – ELA Mail
P.O. Box 156119
Ft. Worth, Texas 76155
Email:
disasterloan@sba.gov
How can SBA help my business?
Through its Economic Injury Disaster Loan program (EIDL), SBA can provide eligible small
businesses (and nonprofits of any size) with low-interest working capital loans to help meet the
short-term needs of a business caused by an interruption in revenues resulting from the
Coronavirus pandemic.
How much can I borrow?
SBA Economic Injury Disaster Loan amounts are made on a case-by-case basis based on the
specific circumstances of the individual business. The maximum loan amount for this program is
$2 million.
What is the interest rate?
The interest rate for businesses is 3.75% and for eligible non-profits is 2.75%
2. What is the term?
SBA offers loan terms up to a maximum of 30 years. Terms are determined on a case-by-case
basis, based on each borrower’s ability to repay.
Is collateral required?
Loans in excess of $25,000 require collateral. SBA will use business assets to secure loans
made as a result of the coronavirus declarations. Real estate will not be used as collateral.
What can I use the funds for?
SBA EIDL loans are intended to address the short-term needs of the business. Expenses such
as: Payroll, Accounts Payable, Mortgage Payments, Lease Payments, Insurance Premiums,
and Utilities are among the acceptable use of proceeds.
Can I refinance my Mortgage with the SBA loan?
No. The loan funds may not be used to refinance, or payoff long-term debt. However, it can be
used to make payments on existing mortgage or other installment loan debt.
Do I have to pay the loan back?
Yes.
When is the first payment due?
Repayment on these loans start 12 months from the date of the Note for a deferment period of
11 months.
Does interest accrue during the deferral period?
Yes.
What can I use the funds for?
SBA EIDL loans are intended to address the short-term needs of the business. Expenses such
as: Payroll, Accounts Payable, Mortgage Payments, Lease Payments, Insurance Premiums,
and Utilities are among the acceptable use of proceeds.
Are Churches eligible?
No. Religious organizations are ineligible for SBA Economic Injury Disaster Loans.
What is a “Small Business”?
Small business size standards are established based on specific industries as defined in the
North American Industry Classification System. SBA makes size the standard determination as
part of the loan decision-making process.
Can I use the loan funds to purchase fixed assets?
No.
3. How do I apply?
You may apply by visiting our website at disasterloan.sba.gov.
How can I get a deferment on my existing SBA disaster loan?
Payments on all existing SBA disaster loans are being deferred through December 31, 2020
automatically. It is not necessary to make a formal request to receive a deferment. This only
applies to SBA disaster loans. Payments on SBA guaranteed loans originated through a private
lender are not included in this policy.
Who qualifies for these small business loans?
Businesses in any U.S. state with fewer than 500 employees who are unable to pay their bills
because of the coronavirus pandemic.
How long will it take?
After you submit an application, the SBA will review your credit before conducting its own
inspection to verify your losses. This includes reviewing any insurance recoveries you may
have. The agency can issue you a loan while recoveries are pending. The SBA says its goal is
to arrive at a decision on any disaster loans within two to three weeks. If it determines you are
eligible, it will send you a loan closing document for your signature. An initial disbursement of
$25,000 will arrive within five days, according to SBA informational materials. The rest of your
loan will be disbursed on a schedule until you receive the full amount. The schedule will be set
by an SBA loan officer whose job is to ensure you meet all the loan conditions.
What information will I be asked to provide?
Loan applicants are asked to provide a transcript of your most recent tax return and a tax
information authorization form, a detailed accounting of your personal assets, sources of income
and unpaid taxes. Those additional forms and instructions are posted here on the agency’s
website. You will also have to include names and personally identifiable information for all
proprietors, partners or stockholders who own at least 20 percent of the business.
What if I haven’t filed my taxes yet?
In lieu of a tax return, the SBA asks for a year-end profit-and-loss statement and balance sheet
for that tax year.