SBA Disaster Relief Loans

Welcome to the resource center for SBA loans. These resources will help businesses take advantage of the provisions emerging from Washington while educating you on the potential impacts to your business. 

Webinar Materials and Other Resources

Video Presentation for SBA PPP Update 5.06.20:

Video Presentation for CARES Act, SBA Update 4.17.20:

cares act sba update video image

Video Presentation for Nonprofit SBA Resources:

Video Presentation for FFCRA:

Allowance for Loan and Lease Losses Video Presentation:

PDF Presentation
5.06.20:

PDF Presentation
4.17.20:
cares act sba update image

Nonprofit SBA Resources PDF Presentation:

FFCRA PDF Presentation:

Allowance for Loan and Lease Losses PDF Presentation:

SBA Coronavirus Relief Options:

 

Paycheck Protection Program (PPP) FAQ:

ppp loan pic

 

Useful Links

Supporting Documents Needed for PPP

What Supporting Documents Do I Need to Provide for PPP?

  • Name of anyone owning more than 20% of the company
  • Business EIN – 9-digit number
  • 2019 Annual Gross Revenue
  • 2019 Annual payroll expense
  • Detail listing of employee salaries / total compensation
  • February / March 2020 monthly payroll expense
  • Number of employees at December 31, 2019
  • Number of employees at February 15, 2020
  • Dollar amount of your monthly mortgage interest or lease expense
  • Month/Year business was established
  • Month/Year business was purchased by current ownership
  • Legal description of your business (LLC, sole proprietorship, etc.)
  • Do you have an existing SBA loan?

 

Additional support documents needed:

  • Articles of Incorporation
  • Bylaws
  • 2018 Tax Returns
  • 2019 Tax Returns and or 2019 Financial Statements
  • Last 12 months of P&L starting from month of application
  • Recent month’s payroll report & bank statement
  • Payroll benefit expenses by type for a recent month (healthcare, retirement, vacation, etc.)
  • Mortgage statement reflecting interest or rent statement, whichever applies
  • Copy of recent utility bills for covered services

 

Statement of Impact for PPP that includes the following:

  • Actual and prospective impact of COVID-19 on business
    • Impact on revenues / collected payments
    • Impact on costs / supply chain
    • Impact on general business / customer’s ability to purchase and pay
    • Cash flow impact – ability to meet fixed costs (rent, interest on debt, payroll costs, etc.)

 

For Economic Impact Loans:

  • Actual impact / damages caused by COVID-19 on business
    • Impact on revenues / collected payments
    • Impact on costs / supply chain
    • Impact on general business / customer’s ability to purchase and pay
    • Cash flow impact – ability to meet fixed costs (rent, interest on debt, payroll costs, etc.)
    • PL before and after COVID events