Dear Business Owners, we have all been impacted by this Virus outbreak. There are many things you can do to combat the spread which many of you are already taking action either mandated by your State or have taken action on your own. My Office is here to help in any way we can by supporting you if you have any questions we may be able to address or answer. Here's a link to the CoronaVirus Response Act article by Msn.
This Act will give Employers with 1-500 Employees some relief when having to give COVID 19 Victims time off for recovery if infected. What If You’re Self-Employed?
So you regularly carry on a trade or business as a self-employed individual. This entitles you to receive paid leave. As a result, the law treats you just as if you were an employee of an employer. How can you be paid? In the case of an eligible self-employed individual, you will get credit against the self-employment tax which is imposed by the IRS. The credit amount would be an amount equal to the qualified sick leave.
In this Blog we are going to provide Resources which can help your Business monetary needs. Below are a few Resources and ways you can Apply for Business Relief.
SBA Disaster Loan Assistance: Click here to see if your Business qualifies for loan assistance in an eligible disaster area. California, Arizona, Nevada, Oregon eligible Businesses click here. Disaster Loan Information Resources. SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay. For additional information, please contact the SBA disaster assistance customer service center. APPLY NOW and Register your Business. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com. • Visit SBA.gov/disaster for more information
SmartBiz Loans is another online resource for seeking an SBA or Bank Term loan program. Easy online Application process. Qualification requirements in place for SBA and SBA(7) loans and other programs apply.
Cash Advance Funding for future receivables programs: Typically an MCA program is much easier to qualify for since it bases a loan different factors then an SBA or Bank loan. For Businesses seeking quick relief this may be your Best option. Qualifying is much quicker and less documentation. Note, these are more expensive programs. Requirements for most MCA programs: APPLY NOW if ready!
1. Driver License or ID
2. Business License and or LLC Documents
3. Void Check for Business Checking Account
4. Fico over 550 or better
6. Monthly Business income of $10,000 or more monthly
7. Complete a One Page Application to Pre-Qualify - Offers within 24 hours.
Resource: Need to speak with an Accounting Professional regarding your Payroll, Taxes, Filings in the South Bay-El Segundo CA area give my trusted resource Nury Gomez a call at Accounting Breeze (310) 363-7055.
Call my Office directly if your Business needs relief with Credit Card Processing Rates, and or Cash Advance Programs. We GUARANTEE to help reduce your processing fees up to 40% and in some cases we have seen a savings up to 90% through our CASH DISCOUNT program. I would love to spend a few minutes discussing how your Business can Survive through restructuring some of your processes during this difficult time. Helping Businesses in Southern California and all 50 States since 2009. To Contact my office for Free Advice on Funding and Processing programs CALL 888-641-8910 and leave a message. Email: Sales@TheCreditCardGuy.Com Myself or a Team Member will contact you within hours.
You can also visit www.TheCreditCardGuy.Com and view our programs and resources.