Relief provisions are in play for organizations and individuals alike in response to the COVID-19 pandemic. But there is still a lot of confusion around what exactly these relief provisions mean and what type of relief organizations should apply for.
We have developed several resources to help you make sense of what’s going on.
Resources Surrounding Loan Relief
What do the SBA Relief Efforts Mean for My Organization?
What is included in the SBA Loans?
There are two main loan programs that are part of the SBA Relief Efforts:
Additional Resource: What You Need to Know About the SBA Loan and Relief Efforts
How do I decide which relief loan program is right for me?
There are many items to consider when it comes to choosing between the Emergency Injury Disaster Loans and the Paycheck Protection program. Each has their own set of stipulations on what they can be used for, as well as how they are forgiven or not.
We’ve pulled together a side-by-side comparison of the two programs.
Want to see how all the relief provisions compare to one another? We broke down the differences.
What do you need to provide to your SBA approved lender for the Paycheck Protection Program?
While the exact documentation requirements are unclear, we’ve pulled together a general list of documents you’ll probably need to supply to the SBA-approved lender.
Possible Documentation for Paycheck Protection Program
Understanding the Impact of Relief Provisions
There’s a lot to consider when it comes to the relief provisions. It’s important to understand your operation, the type of relief you need and consult with a trusted business advisor on your particular circumstances.
The relief provisions can be complicated and overwhelming.
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