Publication

Economic Disaster Relief Assistance with Application Processing

April 9, 2020

 

Payroll Protection Program and the Covid-19 Economic Injury Disaster Loan Application

 

There are two programs that the federal government is offering to assist small business who have been impacted by the COVID-19 crisis.  The Payroll Protection Program(PPP) is administered by authorized Small Business Administration lenders( see link below) who will gather the information from the borrower and submit the completed applications to SBA for approval and the other program is direct application with SBA COVID-19 Economic Injury Disaster Loan Fund(EIDLF).

Economic Disaster relief (EDILF) is only administered by the Small Business Administration(SBA).  This program is to provide immediate funds to small business that are suffering losses as result of the COVID-19. Unfortunately, SBA was not set up to handle the volume of applications that has resulted from the COVID-19 national disaster. Simply, it will take months for many of the loans to be processed and funded.

So while both programs have caused a tremendous demand, the PPP appears to have faster processing times because it relies on private sector approved lenders. The US Treasury is approving other banks so that the capacity to participate in the program can be increased.

My firm is willing to assist you in gathering the documents necessary to complete the loan application process.

Please refer to EIDLF page on my website for the requirements for that application

Please refer to PPP page on my website for the requirements for that application

New Website October 28, 2014

I have finally after one year re-designed my website so that I can easily update information. I still have my old website Alexisfallonlaw.com. I will eventually redirect it to this site once I get the transition over with. Thanks for your understanding.

New Website

Ok it has taken me a year to actually use the website that I had someone set up for me. The old website required always going back to the original guy who set up the website to publish content. This is an easier website to use. Now I have no more excuses…..