Small Business and Individual Resources Center for COVID-19

Paycheck Protection Program

Paycheck Protection

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Paycheck Protection Program

A small business with fewer than 500 employees,  individuals who operate as an independent contractor or who is self-employed who regularly carries on any trade or business.

Loans can be up to 2.5 x the borrower’s average monthly payroll costs not to exceed $10 million. Check out the free calculator below.

Payroll costs, health care & retirement benefits, interest on a mortgage, rent, and utilities.

Who qualifies?

How much can I borrow?

What can this loan be used for?

Loans can be forgiven if the borrower uses the funds for payroll, health benefits, rent, mortgage interest and utilities over the next 8 weeks from the date of funding. Documentation must be provided to lenders in order to substantiate amounts to be forgiven.

Will this loan be forgiven?

How can I apply?

Business owners should be able to apply sometime this week. Subscribe using the form on the top or bottom of this page, and we will keep you up to date with the latest news and announcements as they become available. 

Individual Stimulus Check

Your assistance check will be based on your most recent tax return filed. The maximum check is $1,200 for single filers and $2,400 for married filers. You also will receive an extra $500 per child under the age of 17.

If you earn more than $75,000 as an individual, $112,500 as Head of Household or $150,000 as a joint return, the total amount you’re eligible to receive starts to phase out. The phaseout constitutes $5 for each $100 worth of additional income above these limits. If you earn $99,000 or more as an individual or $198,000 as a couple, you aren’t eligible to receive a stimulus check.

Overview

Restrictions

SBA Disaster Loan Program

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

All small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000, this advance may not have to be repaid.

The interest rate for small businesses is 3.75% and 2.75% for non-profit organizations and the maximum term will be 30 years.

The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. The loan advance should be made available within three days of a successful application, the full loan may take a few weeks to process.

Loan Advance

Terms

Timeline

Overview

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We're committed to helping small businesses ❤️

Bookkeeper360 is offering free advice to any business that has been impacted by the COVID-19 virus. 


We can assist by identifying the best government funding program available for your business and help project your cash flow for the next few months. 


Fill out this form to speak with one of our advisors, absolutely free of charge.  

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