Coronavirus Aid, Relief, and Economic Security (CARES) Act

DO YOU NEED

money to help keep your employees?

(Click below for more on the Paycheck Protection Program--an SBA loan up to $10 million. You must apply through an SBA 7(a) lender.)

DO YOU NEED

quick cash and a loan to cover your business?

 

(Apply for an Economic Injury Disaster Loan & Emergency Economic Injury Grant. You can apply online! Click below.)

DO YOU NEED

help keeping up with an SBA loan payment?

 

(Learn more about the SBA Debt Relief Program. It covers SBA 7(A) loans, 504 and microloans. Click below.)

DO YOU NEED

counseling and ongoing business advice?

(The CARES Act provides funding to "Resource Partners." Click here to find one near you, or schedule an appointment with us instead by clicking below.)

(Important: If you receive assistance through the PPP, you are not eligible to receive benefits under certain small business tax provisions, like the Employee Retention Credit. Also, some businesses that do not receive assistance under the PPP are allowed to defer paying the employer portion of FICA and certain other payroll taxes through the end of 2020. The deferred payments will be due in two installments, one at the end of 2021 and the other at the end of 2022.) Here is a link to the PPP application if you want to speed things up with your lender.

(Note: the Emergency Economic Injury Grant provides an emergency advance of up to $10,000 within 3 days of applying for the Economic Injury Disaster Loan. To access the grant, you have to apply for the loan. You will be given the option to request the advance through the online loan process.)

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Pope & Pena, P.C. | 200 N. Britton Ave. | Rio Grande City, TX 78582 | P 956.266.7858 | F 888.293.6715

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