Latest Tweets
CL Account Service Associate job at Gulfshore Insurance Inc - Sunrise, FL www.indeed.com/viewjob?jk=2e85… #Indeed #jobs
CL Account Service Associate job at Gulfshore Insurance Inc - Sunrise, FL www.indeed.com/viewjob?jk=2e85… #Indeed #jobs
On March 27, 2020, the President signed a $2 trillion stimulus package (CARES Act) that included $349 billion for new, partially forgivable small business loans to cover certain payroll costs, mortgage interests, rents and utilities payments. The Paycheck Protection Program (PPP) Loans will charge interest at no more than 4% and will be administered by the Small Business Administration (SBA). As the program’s name implies, PPP Loans are designed to provide cash to small businesses, including sole proprietors and independent contractors. The U.S. Chamber of Commerce has issued the following guide to help small businesses and self-employed individuals prepare to file for a loan.
Small Business Guide to Emergency Loans
We have compiled the highlights of this new program below and recommend consulting with your legal and/or financial advisers regarding this matter.
Paycheck Protection Program (PPP) Loans for Small Businesses
Additional Loan Tools
Do you qualify as a small business?
Here is the Small Business Administrations guide to size standards. This is a quick reference for quickly checking eligibility. We recommend also reviewing the SBA guidelines for eligibility.
Small Business Administration Loan Application
For more details, visit the U.S. Treasury Department’s new website at home.treasury.gov/cares.
If you have any questions, please reach out to your Gulfshore Insurance Client Advisor who can direct you to the appropriate resources.