• Be persistent in communication with your bank (about the status of your PPP application).
• It is anticipated that patience will be required as “normal” SBA loans take 6+ weeks to process. These will be much faster but the demand is going to be enormous. It could still be weeks before employers see funds flow.
• It is best to work with your current banking relationships because if you are a new client to the bank, it may take longer.
• File for the EIDL loan (non-forgivable), now, online if you would like.
• https://www.sba.gov/disaster-assistance/coronavirus-covid-19
• Don’t forget about the $10,000 Grant! - The EIDL program offers an emergency grant to allow an eligible borrower to request an advance on the EIDL of up to $10,000 within three (3) days of applying. The applicant is not be required to repay the grant, even if subsequently denied an EIDL.
• Work with your accountants, finance and bookkeeping people to gather the information needed for the PPP. Reputable accounting firms are advising that you have the following information at the ready:
• Two years of financial information (balance sheet and income statement)
• Two years of tax returns
• Financial projections for the next 12 months
• Ownership information
• 2019 IRS Quarterly payroll tax reports (if you use a PEO, contact them now for the equivalent of this information)
• Last 12 months of Payroll Reports beginning with your last payroll date
• Payroll report should include the following information:
• Gross wages for each employee, including the officer(s) if paid W-2 wages
• Paid time off for each employee
• Vacation pay for each employee
• Family medical leave pay for each employee
• State and Local taxes assessed on the employee’s compensation for each employee
• 1099’s for 2019 for independent contractors that would otherwise be an employee of your business (do not include 1099’s for services)
• Documentation showing total of all health insurance premiums paid by the Company Owner under a group health plan - (include all employees and the company owners)
• Document the sum of all retirement plan funding that was paid by the Company Owner (do not include funding that came from the employee’s out of their paycheck deferrals)(include all employees and the company owners)
• 401K plans, Simple IRA, SEP IRA's
• Sales / Revenue:
• What has been the sales impact? 
• What do you anticipate sales impact will be if the crisis expands in scope and duration?
• Do you feel the negative impact on demand for your product/service is temporary (i.e. pent-up) and will be made up in future quarters? 
• Liquidity:
• Do you have liquidity concerns and/or anticipate a change in borrowing needs (either up or down) as a result of the Coronavirus crisis? If so, are you able to estimate the impact?
• Have you seen any A/R collection issues attributed to the Coronavirus?
• How do you anticipate changing the business when we have clarity on the duration of the virus impact?
• Workforce:
• Has this impacted your work force? If so, how?
• What contingencies are you planning for potential workforce disruptions?
• Have you invoked any alternative work rules (e.g. work from home, travel restrictions, etc.)
• Do you have any other concerns or issues that could impact your company positively or negatively that would be helpful for us to be aware of?

• Employers may estimate their loan amount using the following calculator. Please note that the calculator does not come from the SBA and is NOT an EGS developed product. It was developed before the application form and final guidance was issued. Employers may use at their own risk. It may be useful in your application process and to assess the information needed. The highlighted rows are areas which need final guidance.