PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Important Steps You Can Take to Immediately Prepare for an SBA Loan

By at 23 March, 2020, 12:36 pm

Important steps you can take immediately to prepare for an SBA loan application

By Ami Kassar, CEO of Multifunding, LLC

● For those wishing to apply for SBA disaster relief loans, as of yesterday, all states and territories are now disaster zones, and you can apply here.

● If your business has been around for at least two years and you were cash-flow positive last year, you will likely get relief faster by applying for a regular SBA loan through a bank. (The new SBA “Small Business Interruption Loans” are pending in legislation that is being debated and moving through the U.S. Senate, which the U.S. House must also act on.)

● Congress has not yet passed legislation on the new SBA program, although we expect it any day, and we anticipate it will be sweeping.  However, our advice is NOT to wait for them to get their act together.  You NEED TO GET READY, and this link provides what you can do.  If you get your financial information together now, you will be able to get on top of the queue.

● To keep the community informed, Multifunding, LLC is offering daily webinars this week with updates and information. You can sign up here and feel free to share this information with your friends.

Visit Multifunding’s webpage here.

 

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