April 5, 2020

Does your small business need immediate financial help? The US government authorized the Small Business Administration (SBA) to expand the Economic Injury Disaster Loan Program. With an approved application your business can receive up to a $10,000 grant within 30 days.

Additionally, the SBA has other programs that can help the business survive this economic crisis. I have attached a table with a summary of the main options along with additional guidance from the US Chamber of Commerce and the National Federation of Independent Business. You can apply directly with the SBA or an approved lender. https://covid19relief.sba.gov/#/

Note SBA forms can be complicated. If an error is made the grant will be denied. Furthermore, these funds are limited and will probably not be available to all applicants. So I suggest a timely response.

If you need help call me. Our country will survive this pandemic. Let’s keep our businesses operating to help our customers.

Cordially,

Wagner R. Grams
Senior Tax Advisor
Cypress Tax Solutions llc

713.900.8880
cypresstaxsolutions.com

• CARES Act Table (PDF)
• Chamber of Commerce COVID-19 SBA Loans (PDF)
• NFIB – Summary, CARES Act (PDF)