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sba phone number covid

December 30, 2020

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. You can only apply for EIDL loans through SBA.gov. PPP loans will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities. In accordance with health precautions for the Coronavirus (COVID-19), the SBA will not establish a field presence to assist survivors. Access the Carson City Chamber of Commerce’s COVID-19 resource page: CLICK HERE . SBA Lenders to the Rescue Banks deliver financial assistance backed by US Small Business Administration guarantees. This includes helping businesses navigate the application process and documentation. Federal Contracting. These have been created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Why has my business been impacted so much and am I alone? What is the CARES Act? Business Guide. The EZ application requires fewer calculations and less documentation for eligible borrowers. When you call you may reach a live person or a voicemail. You cannot apply for EIDL Loans through SBA.com®. You can also get this number from your IRS 941 Employer's Quarterly Federal Tax Return form line 5E. If a borrower is unable to rehire previously employed individuals or similarly qualified employees, the borrower will not have its loan forgiveness amount reduced based on the reduction in full-time equivalent employees. Business Guide. In order to support our customers, ZenBusiness created a grant program and distributed $1,000 grants to a selection of small businesses that applied through the first half of 2020. There are several companies taking the initiative to provide grants to small businesses during COVID-19. These loans are available in amounts up to $150,000 dollars, but the amount a business will qualify for is dependent on the degree of economic injury sustained. (They are now staffed 24/7, and have added a chat feature. Alyssa Parks doesn’t own a grocery store, even though the U.S. government thinks so. An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. FAQs About Tax-Free Disaster Relief Payments During the COVID-19 Crisis. read updates about the program and grant winners. Click here to search for a nearby approved SBA lender. Basic Overview: The SBA 7(B) EIDL Loans are low-interest, fixed-rate loans available to all businesses and private non-profits who show an economic impact as a result of disasters like COVID-19. Will be repaid in full or in part by proceeds from the EIDL loan. Phone Alt: (206) 684-0379 Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. SBA Express Bridge Loans; The Main Street Business Lending Program ; Traditional SBA Loans (not related to COVID-19) How to get help locally; Non-government grant options. Call us at: 888-KEY4BIZ (539-4249). Overview; SBA Solutions; SBA 7(a) and SBA 504; SBA Express; Additional Services; Small Business Administration (SBA) Financing Solutions . Click here to review our Privacy Policy to learn how we use these cookies. Amid the economic havoc wrought by COVID-19, many New Jersey small businesses are grabbing lifelines from the federal Small Business Administration (SBA) and local banks. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Businesses have a longer time period to spend loan proceeds. This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. OED is providing FREE technical assistance to small businesses and non-profits who would like to understand more about PPP and EIDL. Username or email. From that information, we've created the resources below to answer questions and equip small businesses to take on this time of uncertainty. For more information, please visit SBA. 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 quickly. For additional information, please contact the SBA disaster assistance customer service center. helpful phone numbers and emails for businesses to reach out to for additional information. The new number to call the VDLOC for assistance is (800) 659-2955. There are several companies taking the initiative to provide grants to small businesses during COVID-19. For reference we have included a generic Application SBA Form for PPP loans here. Password. Clients using a relay service: 1-866-821-9126. Up to 40% (previously 25%) of the loan amount can be spent on non-payroll costs, specifically rent, utilities, mortgage interest related to business on obligations in place prior to 2/15/20. Now, loans will be fully forgiven provided that businesses spend 60% of the loan amount (or more) on payroll and up to 40% on other approved expenses. Divide by 12 to get the average monthly payroll. SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans News provided by U.S. Small Business Administration Access your SBA Economic Injury Disaster Loan Portal Account to review your application and track your loan status. For the safest holidays - EVERYONE should avoid travel and only gather with household members to prevent the further spread of COVID-19 in our region. If you have already applied for EIDL, please note you can only check application status at SBA customer service at 1-800-659-2955 (TTY: 1-800-877-8339) or email  disastercustomerservice@sba.gov. Fortunately, some individuals qualify for federal-income-tax-free disaster relief and disaster mitigation payments paid by […] Read More. How do my employees file for unemployment? Payments required for the provisions of group health care benefits including insurance premiums; Payment of employer paid state and local taxes assessed on compensation; For a sole proprietor or independent contractor wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee count as payroll. Individuals will need to provide a social security number, home address, telephone number, email address, banks name, address, account number and routing number for direct deposit, your employer’s name, address and phone number, first and last day worked, reason for leaving, and any pension or severance package information. Loans are provided through financial institutions/lenders. These loans can help small businesses meet financial obligations and cover operating expenses. Fax: (206) 684-0379. List of SBA office locations Coronavirus (COVID-19): Relief options and Additional Resources ... Coronavirus (COVID-19): Relief options and Additional Resources. Collecting data online is the best way to get your application data to the SBA. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov. Prepare the following information before you apply: The deadline to apply for an Economic Injury Disaster Loan is September 30, 2020. Search the loans approved by lenders and disclosed by the Small Business Administration (SBA). Number sba phone number covid the EIDL loan Business Administration's EIDL Program offers long-term, low interest for... Provided your SBA Economic Injury disaster loan is September 30, 2020 by lenders and can help small businesses financial! By 12 to get the average monthly payroll: 1 must have been a few other changes to new... To 24 weeks Coronavirus Aids, Relief, and divide by 12 to get the average monthly payroll required... Can only apply for an Economic Injury disaster loan is September 30, 2020 small affected! 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