CARES ACT Information and Resources:
US Chamber’s Small Business Guide and Checklist for Coronavirus Emergency Loans takes a small business step-by-step through the process of preparing to file for a loan.
The Paycheck Protection Program is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. 8 week forgivable, 100% federally guaranteed loans for cash-flow assistance through to employers who maintain their payroll during this emergency.These loans are made by approved lenders, certified by the SBA (Small Business Administration) and are guaranteed by the federal government of the United States.
Each bank may require additional documentation. Check with your current bank for requirements. Overview of Paycheck Protection Program
EIDL Program – SBA is aware the site is overwhelmed and users may experience their session timing out before forms are completed. Businesses are encouraged to print and complete the forms ahead of time, save them to a file that can then be quickly uploaded to the site when completing the application. To prepare for the online application, businesses are also encouraged to review and complete the SBA Disaster Business Loan Application forms
Access information about the CARE Act on Univest Webiste:
FAQ, financial assistance being offered to businesses impacted by COVID-19 through the Department of Community and Economic Development.
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