Important CARES information analyzed by Atkinson CPA: Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In addition to the summary of IRS actions and...
The Long Check List of Finance and Tax Help
Thanks to our friends at Atkinson & Co. here's a giant checklist to help you find out where to go and what paperwork to fill out: As information continues to flow in, and as professionals everywhere are being bombarded with questions about the various programs...
Updated SBA Application Released
The SBA has updated their application. The new streamlined SBA EIDL application is asking for bank routing numbers so they can process the 10k advance. Note: No financial statements are required. We recommend that the small business who applied a week ago, go to...
SBA and Treasury Begin Small Business Fund Distribution
From the SBA: With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and...
SBA Emergency Capital Information (Post Bill Signature)
Two SBA emergency capital programs are available today and more will be coming soon: Low interest, long term Economic Injury Disaster Loans for up to $2 million: The first payment is deferred for 12 months. The application has been simplified and can be completed 100%...
Distribution Timeframe of Disaster Relief
From our friends at Dreamspring: In case you haven’t submitted an application with the SBA yet, they are now offering up to a $10,000 grant to any business that applies for the disaster relief loan. You are supposed to receive the grant within 3 business days of...
New Mexico Economic Development Loan Guarantee
“The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19.” – NMEDD First, identity a lender. NMEDD put this list together to help....
The SBA Disaster Loan Application
AKA: SBA’s Economic Injury Disaster Loans This large, intensive loan application will take you about 2-3 hours. This loan is necessary to send for the Disaster Loan that the Small Business Administration (SBA) has been referencing. Tips to success: Read this...
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