What do I do if I am ready to apply for a Paycheck Protection Program loan from the SBA?
By: Amy Johnson
1 - Call your lender:
- Chances are they are already a Small Business Administration (SBA) lender or will be designated as one soon. If your lender is not an SBA lender, check out sba.gov for a list of lending institutions that are.
2 - Gather the necessary information about your business:
- Interim 2020 Income Statement and Balance Sheet and your most recent fiscal year end Income Statement and Balance Sheet.
- 2016, 2017 and 2018 tax returns.
- 2019 payroll information.
- Current organizational documents.
- General liability insurance information.
- Current building lease and any amendments (if applicable).
If you are still wondering if you might qualify for a Paycheck Protection Program Loan or are unsure what the program is — call your BrownWinick attorney for assistance or submit a message through our Contact Us form.
For updates on COVID-19 and new guidance provided by BrownWinick attorneys, please visit our COVID-19 Resource Page.