Could you please detail "every" option that is available besides PPP and EIDL? We are a national provider of commercial flooring (mostly healthcare) with thirteen (13) locations from Southern California to Miami.
Thanks,
Kevin
1 reply
Apr 8, 2020
Hi Kevin,
Thank you for your question. We're here to help.
In addition to the Paycheck Protection Program and Economic Injury Disaster Loans, there are additional SBA options.
1. SBA Express Bridge Loans: Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork
2. Employee Retention Credit:Tax credit against payroll tax liability equal to 50% of the first $10,000 in wages per employee
3. SBA Debt Relief: The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis
COVID-19: Contractor Guide to SBA Loans & Cash Options