Small Business Administration Loans

Dear clients,
 
Earlier today I attended a Webinar provided by the Small Business Administration.  The SBA is prepared to help you through this difficult time.  Disaster loans are issued directly through the SBA.  If you are suffering an Economic Injury, as many of us are, you can log into the www.sba.gov/disaster web site and Apply for Assistance.  Every State is now considered a disaster area, so everyone may qualify.  The SBA is offering loans up to $2,000,000 with interest rates fixed at 3.75%.  Repayments will be deferred for one year, with repayment terms set to fit your expected recovered cash flow projections.  These loans are working capital loans meant to help you recover lost revenue needed to make normal payments, cover expenses and payroll needs.  Lost profits are not eligible for the loan program.  Upon completion of your loan application, you will be assigned a loan officer that will evaluate your application and monitor your progress.  Once a loan is approved, you will have an opportunity to review the terms, accept or reject the loan.  There are no application fees, so if you choose to decline the loan proposal, you can do so with no expense incurred. 
 
If you would like to apply for a loan, I suggest we work together to project your losses.  We would also need to determine what payment you could afford once you start repaying the loan.  We are here to help, please let me know how we can take some of this burden off your shoulders and get you through this difficult time. 
 
www.sba.gov/disaster
 
Respectfully,
 
Leif E. Peterson, CPA