Dear APAP Members and Colleagues,
As we mentioned in yesterday's email, a
pplications are now being accepted for
the many forms of relief
associated with the historic $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was signed into law on March 27, 2020 and other federal relief programs.
We've gotten some important (and urgent) advice from our colleagues at
that we want to share with you.
- Small businesses and sole proprietorships can begin applying for loans on April 3, 2020.
- Independent contractors and those who are self-employed can begin applying on April 10, 2020.
- Talk to a lender who already knows you. They need to be approved to do 7a loans in order to process this loan. Here is a list of the top most active 100 SBA lenders. As you are applying for these new loans, be sure to read current loan documents and keep in touch with current lenders.
We are with you every step of the way. Please don't hesitate to reach out to us.