COVID 19 SBA Assistance Programs will help San Diego and small businesses across the region
The COVID 19 SBA Assistance Programs will help San Diego and small businesses across the region to work through the significant business challenges of the pandemic. It is not possible to overstate the impact COVID 19 has had upon the State of California and the US as a whole. How might these programs help your company?
This loan program provides loan FORGIVENESS for retaining employees by temporarily expanding the SBA7(a) loan program. This loan helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
Another of the COVID 19 SBA Assistance Programs is the EIDL Loan Advance. The Economic Injury Disaster Loan is an advance that will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
This loan enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
Another aspect of the COVID 19 SBA Assistance Programs is the SBA Debt Relief Program. The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months. The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
We Are Here For You!
As always, we are here for you – you don’t have to figure it all out on your own. The COVID 19 SBA Assistance Programs can be complex to understand and navigate. We invite you to contact Allen Barron or call 866-631-3470 to learn more about deferred federal tax filing, our COVID 19 response and how we can help your business to survive and thrive during these challenging times.
We would be honored to be able to speak with you soon. Please remain vigilant in staying safe and healthy.
Warm Wishes,
Janathan L. Allen
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For more information or to discuss your tax, legal and accounting needs contact Allen Barron or call 866-631-3470 for a free and confidential initial consultation. Learn about the importance of integrated business strategy and coordination across legal, tax and accounting systems.
Offices of Allen Barron, Inc.
Main Office
16745 West Bernardo Drive, Suite 260
San Diego, CA 92127
Phone: 858-304-0947
Phone: 866-631-3470
Fax: 858-376-1410
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5720 Oberlin Drive
San Diego, CA 92121
Phone: 866-631-3470
Fax: 760-741-1410
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Las Vegas, NV 89101
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San Diego, CA 92101
Phone: 619-702-8356
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San Francisco, CA 94101
Phone: 415-481-0475
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40 North Central Avenue
Phoenix, AZ 85004
Phone: 602-903-7018
Fax: 602-357-1655