03-30-2020 | Blogs, Business Transactions, BW News

What do I do if I am ready to apply for a Paycheck Protection Program loan from the SBA?

By: Amy Johnson


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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).

Paycheck Protection Program Application

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.