Great Q&A on small business loan disaster relief programs this week! JF Law Firm Business and Real Estate Lawyer Romy Jurado and SBA Branch Manager Robert J. Piechota gave small business owners insights and tips to help them survive and thrive the COVID19 epidemic.
We spoke about the different relief programs available (EIDL and PPP) that can become forgivable loans, employee/employer rights, things to look out for and much more.
Key Takeaways
- Disaster relief small business loans qualify to become “FORGIVABLE”
- Apply for ALL available funds, it won’t negatively impact your opportunities.
- Don’t go at it alone, meet with U.S. Small Business Administration, local small business development center or SCORE Mentors for support.
- Avoid scams! Applications are FREE.
- Your credit score doesn’t impact you, it’s the why that will.
- Employees qualify for partial or full unemployment even if they weren’t fully laid off.
- If you applied for EIDL before Monday, March 30, 2020, you’ll need to reapply again to get the full benefits offered now.
Final Thoughts
The world is going through some tough times making life rough for so many on a global scale. Our goal is to provide you with hope and guidance towards opportunity during and after this crisis. If there are any additional small business loan resources mentioned on the video that we may have missed and you’d like to receive, please contact us. We are happy to share it with you and revise this blog so that everyone else can receive it as well.
In the mean time, we leave you to enjoy the replay video and resource links below.
May the force be with you!
Resources
Applications
Free Mentorship
These two organizations provide FREE national support for small businesses. Neither will do the work for you but they do provide great insight, business development tips, and many valuable resources. Ex: The small business development center provides free industry reports (usually valued at $1195).
PLEASE NOTE: Depending on your location it may not be easy to register as a mentee.
Files and Templates
The disaster relief small business loan will require you to submit specific documentation supporting your need. These free templates from Score will help you put it all together.
About the Author
Roxana Colorado is an international business strategist and philanthropist. She believes that everyone should be given the opportunity to do something great. Most people want to do big things. But many don’t know where to start.
Through Kandula International, LLC, Roxana leverages her international network and corporate experience to spare purpose-driven entrepreneurs from losing their time, money or sanity during the business development process.
As a philanthropist, Roxana runs a nonprofit, Dare2B, Inc., to equip, inspire, and empower homeless children to survive and thrive. Roxana has successfully created and implemented innovative solutions that consist of a seven (7) step holistic program that drives Dare2B’s mission. Providing homeless children with an opportunity to tap into their potential and become positive influencers in their home. Through this process, children enjoy developing skills important in gaining opportunities for economic growth.