Show Me The Money! SBA Loan Update

After finishing this episode, we got the following notice from the SBA. I would continue to monitor their site just in case more money becomes available. Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. To learn more about the relief options available for your business, click here.

We've been shut down for about three weeks now and I wanted to give you a quick SBA loan update. 

Today, I’m going over some good, confirmed Small Business Administration (SBA) information that you can use today (something that I received in my inbox). This is a direct email, which is official documentation or correspondence from them. 

At this point, I am optimistic that some of these programs will help us weather the storm here. 

I have this healthy distrust of my government when it comes to these things. But it sounds like they're sorting it out. Our government is revamping a lot of things as they go along. They've been slower than I would like. But we all have to be patient, especially during this unprecedented time.

I haven’t received any funds yet. But there are people getting it finally… so I finally had the courage to stand here behind the mic and tell you that these things are working to some extent for some people. 

In this episode, you’ll hear:

• An overview of the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP)
• Loan information, who can apply, loan details and forgiveness
• How to use the SBA Local Assistance Tool to find lenders near you
• Available tools and resources (found below)

SBA General Information

Copy of Small Business Administration Email

Find SBA Local Assistance

SBA COVID-19 Resources

Economic Injury Disaster Loan

Loan Overview

Apply Online

Eligibility

Paycheck Protection Program

Loan Information

Who Can Apply

Loan Details and Forgiveness

Other Assistance

Lender Forms and Guidance

FAQ

Find A Paycheck Protection Program Lender