SBA Loans/Grants, FFCRA

To all of our clients that are self-employed or own a small business, we are receiving a lot of emails from clients regarding the new CARES act to help small businesses and the self-employed. Although we don’t have all of the answers, here are some documents (link to the docs that I will email next) that hopefully will answer some of your questions or at least provide useful links. If you want us to represent you through the process then let me know and I will pass your information on to Darren who is handling the process. Unfortunately, there will be situations where it will be best for you to deal directly with your bank.

Typically the banks get paid 5% from the government for the amount of the loan. If we represent you then we receive 1% compensation and the banks receive 4%. This charge is paid from the Federal government and does not cost you. If you want us to represent you through the process then let me know and I will pass your information on to Darren who is handling the process. Unfortunately, there will be situations where it will be best for you to deal directly with your bank.