“More compassionate mind, more sense of concern for other's well-being, is a source of happiness.” - Dalai Lama
****We have updated the Funding Guide to now included the EIDL program. We have also updated lenders who are participating in the the PPP program. Below are the resources we have created to help you along the way.
LET'S BEGIN!
How many sleepless nights have you laid awake wondering what the future holds for your business? Along with the stresses that we face with COVID-19, we seem to be inundated with with pressures from all sides.
When you add in the financial implications, it all feels a bit overwhelming.
Take a deep breath, there are options and things you can do right now to relieve those concerns. There are in fact ways to keep your practice or program up and running during these uncertain times.
From the self employed therapist to the residential treatment facilities, there are options in place to pay yourself, your teams and to keep the lights on so you can keep helping your clients and patients.
This current epidemic is only creating more demand for your services, people need you now more than ever.
Did you know there is funding available today, designed to provide a direct incentive for small businesses to keep their workers employed? In fact the program is designed to help cover payroll, rent, mortgage interest and utilities.
Over the past week we have pulled together the top resources from the US Small Business Administration & The US Treasury specific to helping you navigate a series of new funding options that have been released in response to COVID-19. The name of the program is called The Paycheck Protection Program.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. We are going to show you step by step what is needed for you to leverage this program to your advantage.
We have a created a comprehensive guide that is aimed at providing you the education, resources and help you need to keep your business up and running during these uncertain times.
This guide will help you put some safeguards in place to keep the doors open and you in business.
In this guide we answer the following questions:
1. Are You Eligible?
2. What Are the Qualifications?
3. How Much Money is Available For Your Business?
4. How to Receive Funding
An Inside Look: What's Inside the Guide?
Depending on how your business or practice is set up, will determine the dates you can begin the application process.
Small businesses and sole proprietors can begin applying on April 3.
Independent contractors and self-employed individuals can apply beginning on April 10.
The program closes June 30th, 2020.
Based on the need and pure number of people applying as soon as possible.
More than 17,500 loans valued at $5.4 billion processed as of Friday April 3rd, 2020
Per Jovita Carranza Administrator of the Small Business Administration
We hope this resource guide is something that brings you financial relief, and provides the necessary push to keep your practice or program open and helping other. If you find value in these pages, all we ask is that you share it with those you feel could use some help during these uncertain times.
Wishing you and your family all the best!
God bless.
Kolby
Founder & Chief Strategy Scout