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SBA Small Business COVID-19 Relief Ends June 30th 2020 for PPP and EIDL

SBA COVID-19 relief ends on June 30th 2020 for PPP and EIDL. If you have not already, please apply. Furthermore, reach out to someone on our team to assist you and or your company with the application. If this is your first time hearing about the Paycheck Protection Program (PPP) or the Economic Injury Disaster loan (EIDL), we have a frequently asked questions section here.

Want to apply for EIDL on your own?

If you choose to apply for the EIDL on your own, please go to the SBA website here. This is the ONLY site where you can apply for the EIDL. If anyone tells you otherwise it is a scam. Therefore, if you have a trusted advisor, CPA, Enrolled Agent or Accountant have them apply.

Want to apply for PPP on your own?

We do not know at this time which banks are still processing loans, but you can check on SBA website here. There are many banks, credit unions and other financial institutions assisting with this loan.

In closing, we have appreciated everyone who worked with us during COVID-19. Again, SBA COVID-19 relief ends on June 30th for PPP and EIDL. Stay safe out there everyone.

Applauds for essential workers worldwide during the COVID-19 Pandemic

How we are helping small businesses during the COVID-19 pandemic remains the focus right now. Thank you to all of the organizations nationwide that have assisted small businesses with many resources. Also, every essential healthcare worker who has assisted individuals and families worldwide, my hat goes off to them. In addition to that, for those school districts that stayed open via distance learning so that kids can continue their education, I am sure every parent is happy about that too.

Tax preparation during COVID-19

Our business, as an accounting and advisory firm, is well-positioned to provide our clients and other small businesses during Covid-19 with resources and assistance for a myriad of things. We have had retirees who are dual-citizens in both the United States and Brazil. These clients have needed their taxes and more done so that they could go home and be with their families. In addition to that, we have had a paralegal client who is in the midst of a bankruptcy proceeding but still needed their 2019 tax prepared to send into mitigation.

Loan programs through The Cares Act

Whatever your needs, we are here to help. The Cares Act, gave $349B in round 1 and $320B in round 2 to the (opens in a new taSmall Business Administration. In result created the Paycheck Protection Program Loan and the Economic Injury Disaster Loan Program. The loans are for small businesses and sole proprietors nationwide. We know you as a small business owner or contractor may need assistance. Furthermore, whether it is with the applications or some calculations, do not hesitate to reach out to us. You can also check out our breakdown of the Paycheck Protection Loan Program.

Successfully guiding your business through the COVID-19 pandemic

The best way to ensure small businesses succeed after this crisis is to work with business advisors, accountants, and attorneys. These professionals understand the importance of each and every law that has been enacted. In conclusion, to ensure you have success make sure that you or your business partners reach out to your external advisors and position your company to win.

Stay tuned as we are building our own list of resources for clients we have nationwide. The community should know how we are helping small businesses during the COVID-19 pandemic. If you have any questions, please contact us. We look forward to working with you even if you are not our present client.