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[PDF File]Borrower Frequently Asked Questions on ...
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14. I check on the status of my EIDL loan application? Unfortunately there is no way to check the status of the loan within the district office, or through disaster customer service. As you can imagine, SBA has received thousands and thousands of applications on this national disaster loan …
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[PDF File]The Small Business Owner’s Guide to the CARES Act
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cannot use your PPP loan for the same purpose as your other SBA loan(s). For example, if you use your PPP to cover payroll for the 8-week covered period, you cannot use adifferent SBA loan product for payroll for those same costs in that period, although you could use it for payroll not during that period or for different workers.
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[PDF File]SBA Loan Application - SunTrust
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SBA Loan Application . At SunTrust, we’re committed to offering you Business Class Banking—the personal service and solutions you need to make your business prosper. We appreciate that you’ve come to us for your loan. For your convenience, all of the forms you’ll need are included in this booklet. In addition, we’ve included a full ...
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[PDF File]SBA ECONOMIC INJURY DISASTER LOANS COVID-19 …
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Question: What is an Economic Injury Disaster Loan? • Answer: The SBA’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million to help overcome the temporary loss of revenue. o The loans may be used to pay fixed debts, payroll, accounts payable, or other bills
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[PDF File]FREQUENTLY ASKED QUESTIONS As of 3/27/20 NEW: …
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• A SBA loan officer works with you to provide all the necessary information needed to reach a loan determination. • The goal is to arrive at a decision on your application within 2-3 weeks. How will the business owner know if the loan request has been approved? • A loan officer will contact you to discuss the loan recommendation and
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[PDF File]Applying for SBA Disaster Loans (EIDL)
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Can SBA refinance my loans or mortgages? SBA economic injury disaster loan funds cannot be used to refinance pre-existing debt. If a business currently has an SBA-backed loan and it fears it will not be able to make the payments, what course of action should it take? Borrowers of home and business disaster loans from previous
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[PDF File]PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION …
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What other documents will I need to include in my application? You will need to provide your lender with payroll documentation. Do I need to first look for other funds before applying to this program? No. We are waiving the usual SBA requirement that you try to obtain some or all of the loan funds from other sources
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[PDF File]Paycheck Protection Program FAQs for Small Businesses ...
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The terms of the loan not forgiven may differ on a caseby-case basis. However, the max- imum terms of the loan feature a 10 -year term with interest capped at 4 percent and a 100 percent loan guarantee by t he SBA. You will not have to pay any fees on the loan, and collateral requirements and personal guarantees are waived.
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[PDF File]Paycheck Protection Program Borrower Application Form
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The Applicant is eligible to receive a loan under the rules in ef fect at the time this application is submitted that have been issued by the Small Business Administration (SBA) implementing the Paycheck Protection Program under Division A, Title I of the Coronavirus
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[PDF File]SBA Business Loan Application
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e authoriz my/ou r insuranc company , bank financial institution o othe creditor s to release SBA all record and information necessary process this application. my/our loan is approved, additiona l informatiomay be required prio to closing. I/W e wilb advise i writing what obtain funds.
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My sba loan