EIDL open again to all businesses; PPP to close June 30

We received this earlier this week from the Cleveland office of the SBA:

Please note the attached, in case you may have missed it.

  1. Economic Injury Disaster Loan portal is now open again to non-rural businesses. 
  2. PPP program will be closing at the end of the month – June 30, unless extended.  The program has had some improvements with the passage of the flexibility act, so this is the last chance to get anyone to apply.  Remember the lenders will need at least a few days to submit applications, so any lingering applicants need to get their applications in right away.  
  3. I have attached an updated borrower side application.  Especially reach out to folks who maybe shied away from this because their business was not able to open – the Flex Act does make some positive changes just for such businesses.

Thanks all!

Attachments:

For PPP Information: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp or https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses provide great information and links to forms and FAQ’s.

For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirus and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español).

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