April 3. 2020

CARES Act - Payroll Protection Program – Urgent - new application revised today

As a service to our friends and valued clients, we would like to reach out a helping hand during these unprecedented times. We have done extensive research to provide you with the best information that is available at this time regarding the Payroll Protection Program.

If you feel your business may benefit from this program, here is a brief overview of recommended steps:

Step 1: Determine Eligibility
Please review the PPP Borrower Info sheet available on our website to see if you qualify. Most business do qualify and some businesses can file this application today with your lender, if the lender is an approved, SBA 7(a) lender.

Step 2: Contact your local lender, determine if they are 7(a) approved
PLEASE DO NOT CONTACT THE SBA DIRECTLY. Due to the volume of loans which are being processed, the SBA is relying on local lenders to process loans as efficiently as possible. Local banks are likely to give priority to existing clients and your loan may be processed with an earlier turnaround.

Step 3: Prepare loan documentation - Click here for list
Step 4: Apply
You can find the application on our website Download PDF Application. You must use the new, (04/20) edition of the application. Make sure your application has “SBA Form 2483 (04/20) in the bottom left hand corner of all 4 pages.”

We are here to help and provide assistance in any way possible, please do not hesitate to use the “ASK JONES” feature on our website and a member of our team will reach out to you.

We will be providing a roundtable discussion on the CARES ACT and available programs to local business owners. Please stay tuned for dates/times.

Please visit our website for additional resources regarding the impact of COVID-19 https://jones-insurance.com/resources/covid_resources_and_faqs/
Jones Insurance Agency | www.jones-insurance.com