Contributed by EAOC Member Randy Wind
I have had a number of inquiries on Small Businesses, Mortgage Relief, Leases, Rental Relief, and surviving our current economic situation.
We are in a Health and Business Climate we have never seen before and the headlines are full of businesses closed temporarily, and possibly permanently… all while being told to stay home, maintain social distancing, and only “Essential” Businesses being authorized to operate.
The US Government, and primarily the US Department of Treasury has put together a widely touted Program to help small Businesses.
I wanted to help provide some information and links if this may be helpful to your business, clients, tenants, or anyone you know.
Below Please find Some information on the CARE Act and Small Business Assistance.
- Small Business Loans to help businesses stay in business
- FastTrack and Short Form Application
- Interest rate at .50%
- FULLY FORGIVEN Loans to help business stay in business
US Department of Treasury – Home Page: https://home.treasury.gov/
US Department of Treasury – Assistance for Small Business: https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
USDT – Program Overview: https://home.treasury.gov/system/files/136/PPP%20--%20Overview.pdf
USDT-Paycheck Protection Program – Overview-Borrowers: https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf
USDT-Paycheck Protection Program – Application Form: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Application-3-30-2020-v3.pdf
USDT – CARES Act: https://home.treasury.gov/policy-issues/top-priorities/cares-act
Please review and get in touch with your Bank, SBA Lender, and/or Accountant.
Please call or email with any questions, or if I can be of any assistance.
Stay Safe, Stay Healthy!!
Randall A. Wind
Wind~Group Commercial Real Estate
C: (714) 801-1128