Due to the current challenging times and in attempt to assist small businesses, our government is offering economic loan programs to small businesses through the Small Business Administration (SBA).
In case you have not had the opportunity to explore these available programs, below is a quick summary that we believe can be useful for your company:
- Paycheck Protection Programs (PPP) up to $10M forgivable loan if used to cover the first 8 weeks of payroll and qualified expenses
- Economic Injury Disaster Loan (EIDL) up to $2M to $5M to pay for your operating and working capital
- Economic Injury Grants ($10K) free
For more information, use the links below
Note that these programs are setup to be administered by SBA approved lending institutions. You must work very closely with your SBA approved lender/banker to understand their required procedures for filing applications and the supporting documentation they require. Time is of the essence – bankers expect demand for these funds will greatly exceed supply.
Additional Helpful Links:
Wishing all of you good health and good success.
We want to assure you that we take the health and well-being of our community, customers, and associates very seriously. Like you, we’re closely monitoring the quickly developing effects of the Coronavirus (COVID-19) pandemic.
To help prevent the spread of COVID-19, we are practicing social distancing. Consequently, we are not offering in-person training for our customers, at this time we believe that this measure is necessary to protect and care for those who work with us, our customers, and the public.
Our AutoAction team is committed to providing and maintaining our quality service and remains available to help you and your business throughout this COVID-19 disruption of economy and our businesses. For a list of phone numbers to reach out to us, please call us at our direct line and we can provide you the additional numbers.
We will continue to monitor the COVID-19 situation and will follow guidance from public health officials and government agencies. For more information about COVD-19 and what you can do to keep healthy and safe, visit the Centers for Disease Control at www.cdc.gov or your local health department’s website.
In spite of COVID-19 and other threats, we trust in the Lord and believe He is in control, and He will see us through it all. We are praying for your businesses, families, employees, and your customers.