As a follow up to the information we sent Friday regarding Small Business Interruption Loans and Disaster Loans provided by the Small Business Administration, we want to share the link below which contains a very helpful summary and answers some important questions related to these loans and other government assistance programs.*
We highly recommend you contact your bank immediately to start the application process.
*In the section related to determining loan size of Payment Protection Program Loans (Small Business Interruption Loans) the calculation for those in business between February 15, 2019 and June 30, 2019 is for seasonal businesses. All other business will use 250% of the average monthly payroll costs for the 12-month period before the date on which the loan was made.
