Article provided by: Quick Lending Solutions
The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains several programs that are designed to help people who have been impacted adversely by the coronavirus pandemic. The Act is meant to assist business owners and even homeowners with pretty much any needs they have. Quick Lending Solutions is here to help you navigate the CARES Act SBA and give you the financial security that you need.
How to Get Started
To get started, you will need to fill out a loan application. If you are not sure which program that you qualify for, how much to borrow, or which program to use, Quick Lending Solutions can help you. We can discuss your circumstances with you and inform you of all of your options. Contact us today directly at 888-930-8815 or apply online by clicking here. Without further ado, let us consider the programs in the CARES Act SBA.
Paycheck Protection Program Loans (PPP)
The PPP provides small business loans guaranteed 100% by the federal government. This means that Quick Lending Solutions can be very flexible with lending. This program in the CARES Act is designed to help small businesses maintain their payrolls, and if they do so, the loans will be forgiven completely. Of course, business owners can spend a portion of the loan on other expenses, such as inventory, but that portion of the loan will not be forgiven.
Small Business Debt Relief Program
The Small Business Debt Relief Program of the CARES Act is covered by SBA loans in the form of 7(a), 504, and microloans. This non-disaster loan program is intended to help small businesses avoid being consumed by debt during this coronavirus pandemic. Under this program, the SBA will cover all loan payments for six months, including principal, interest, and fees.
Economic Injury Disaster Loans & Emergency Economy Injury Grants
The CARES Act has many coronavirus relief options, and this part of the CARES Act comes in the form of grants. Qualifying small businesses and private, not-for-profit organizations that have been impacted by the coronavirus pandemic may receive an emergency advance of up to $10,000. This grant does not need to be repaid, and it can be used for whatever purposes the business owner sees fit. We are glad to help you gain access to these grants for your small business.
Contact Quick Lending Solutions Today
To learn more or to acquire CARES Act assistance for small businesses, feel free to contact Quick Lending Solutions today. We can provide your small business with a loan to give you the working capital you need to survive and thrive during these tough economic challenges brought on by the COVID-19 outbreak. The CARES Act SBA Paycheck Protect Program and other programs are all designed to help people like you gain access to capital when you need it the most. That's what Quick Lending Solutions is here for. Contact us today or start your loan application now.
Cares Act SBA
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