Important Loans for Small Businesses

March 31, 2020

Paul Finch, MBA

Strategic Financial Advisor at Benchmark Solutions, Inc. Corporate Finance + Management Accounting Professional Advises some of our healthcare providers and facilities; He is available and expert in fast tracking and understanding the important SBA loan offer (and expanded programs recently passed in congress).

This is an important time to try everything to help us all comply with shelter in place commitments.

Paul posts on his business page:

"With the passage this past Friday of the Federal Economic Security (CARES) Act, Congress has now expanded the previously existing SBA 7(a) Loan Program for small businesses into what is now named the "Paycheck Protection Program" offering 100% federally guaranteed loans to small businesses which may be forgiven. These loans will be administered locally by participating financial institutions. If you are a small business with a payroll, this loan program is something you should definitely consider.

Read about the details below.