Hi all, please place questions in the Q&A section. Located at the bottom of your screen. We will do our best to answer as many as possible. To do this, please upvote other questions instead of repeating the question.

Email Corey at corey.williams@sba.gov

Please reference two things:

1. Your application number that should begin with 3

2. LVGEA, so he knows it came from today

Email Corey at corey.williams@sba.gov for your application status. Please reference your application number that should begin with a 3 and LVGEA, so he will expedite your answer today.

Email Joseph.Amato@sba.gov

PPP funds are for the 8 subsequent weeks (from the date you receive money) of payroll and eligible expenses. Not backpay. Not bonuses.

To check your EIDL application status, please email Corey at corey.williams@sba.gov with your application number which should begin with 3 and LVGEA, so he knows this is from today and expedites your response.

We hope that applications can open by Thursday for EIDL and PPP.

Employee calculation is the number you need to meet. They don't need to be the same people for the 8 weeks post funding.

$10K is advance on EIDL loan. Only forgiven if application is denied. You don't have to pay back the $10K if you are denied. It then becomes a grant. If you are approved, it is not certain that it will be forgiven.

If the owner of a business doesn't receive w-2, they are not considered in payroll calculation.

Questions are being considered from the Q&A section only. Please place questions there.

kabbage

On deck

Lendio

3 alternative lenders

https://www.sba.gov/paycheckprotection/find

1) Lendio - https://www.lendio.com/covid-relief/sba-paycheck-protection-program-loans/2) Kabbage - https://www.kabbage.com/paycheck-protection-program-loans/3) Fundera - https://www.fundera.com/business-loans/guides/paycheck-protection-program-loan

Corey can be reached at corey.williams@sba.gov

PPP needs same headcount, not same people

A recording of this webinar will be emailed to all registered attendees.

covid19relief.sba.gov

The program is paused, but this is the site for when it re-opens

covid19relief.sba.gov