SBA Emergency Loan Process for small businesses:
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It takes roughly 35-45 minutes to complete the online application if you have your documents ready.
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Once you submit the application a case manager will be assigned to you
After submitting the request for the SBA disaster relief, the case manager will request the following information
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Payroll reports for the last two quarters
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2019 Profit and Loss and Balance Sheet
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If you are a contractor, a report of what was paid out in the last two quarters.
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Explanation of how Covid-19 has impacted the business
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An explanation for any derogatories on your personal credit
Please have this information ready when you apply to prevent any delays.