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Capital Preservation Solutions

Helping small business owners impacted by the spread of Coronavirus.

Aprio SBA Covid-19 Loan Assistance

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SBA Loan Support for Businesses

Aprio’s Coronavirus Capital Assistance team is committed to serving small business owners who are being impacted by the public policy measures to contain the spread of the Coronavirus.

We have teams evaluating all of the programs available to provide relief and we are standing by to help you take advantage of these programs.  Federal assistance programs include $399 billion in funding that has been set aside to aid small business owners.  These funds are split between both the Economic Injury Disaster Loan (EIDL) and CARES Act also known as the *Payroll Protection Plan (PPP).

*At this time, PPP Loan advisement & preparation is only available to current Aprio clients 

EIDL Loans include:

  • Ability to borrow up to $2 Million
  • Interest rates are 3.75% (or 2.75% for private, nonprofits)
  • Terms up to 30 years
  • You can use these funds for fixed debts, rent, payroll, and other working capital needs.

*PPP Loans include:

  • Ability to borrow up to $10 Million
  • Interest rates are 1% 
  • Terms up to 2 years
  • Possible loan forgiveness

EIDL and PPP loan advisement & preparation includes:

  • Identifying if your business is eligible for the loan
  • Consultation around acceptable uses of funds per government regulations
  • Assistance in loan application and required underwriting documentation preparation
  • Consulting around best practices for loan usage and forgiveness requirements
  • For EIDL includes initial application submission

The loan process can be complicated and incomplete applications can significantly delay your access to capital. Let Aprio’s advisors help you prepare and submit your loan documentation right the first time. Get your money faster to get your business back on track.

*At this time, PPP Loan advisement & preparation is only available to current Aprio clients 

Steps to Take:

The EIDL Loans will be underwritten by the SBA, and will not go through a bank underwriter as you would with a normal SBA Loan. They are estimating a 21-day processing and evaluation period, which could be longer based on demand. To get started fill out our form to consult with an Aprio Advisor. 

The PPP program bill just recently passed and the banks can begin processing applications soon.  Sign up now to speak with an advisor to begin preparing the required documentation.

Aprio advisors will continue to research and create resources for companies needing help during the Covid-19 crisis.  Once your free 15 minute consultation is complete, you may choose to have Aprio manage the entire process for you.  Should you choose to have Aprio manage the process you will be charged $2,500 per entity per program.  You may also choose, after speaking with our team, to proceed through the SBA loan process yourself and are welcome to continue to use Aprio webinars and public resources at no cost to you.  

 

Once you have completed the form, you will be redirected to another page for more detailed information about your business.  

GET YOUR SBA LOAN FASTER

Work with an Aprio Advisor to ensure your documentation is prepared and submitted right the first time for faster processing and payment.

If you are a current Aprio client, please reach out directly to your relationship manager to facilitate and expedite this process.