Updated: Apr 7, 2020
As you may already know, most small businesses qualify for some kind of COVID19 economic relief. Your first step is to contact your local bank, where you have your main business checking. If they are an approved SBA lender, ask them about their application process. We are already working with several banks on the Cape and understand their requirements but each one may be different.
If you would like help calculating your numbers for the application, reply to Susan Cook and let her know the following:
Do you have any W2 employees?
Which local bank do you use?
What (if any) accounting software do you use
Between the SBA Economic Injury Disaster Loan (EIDL), and the Paycheck Protection Program (PPP), we compiled a chart to help you understand and identify which program best suits your business needs. Click here to download chart