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The Business-to-Government (B2G) Experts
Forgiveable Loan

Grants For Your Small Business

The United States Small Business Administration (SBA) supports America’s small businesses in a number of ways. One of them is financing small entrepreneurs in need of cash to advance. Through more than 800 authorized private lenders, backed by the SBA itself, this federal entity offers forgivable financing programs, as long as the business owner uses the money according to the usage guidelines.

Now, in the midst of the coronavirus pandemic, the SBA has made the Paycheck Protection Program (PPP) available to affected small businesses, a fully forgivable loan if the small business owner uses it to cover payroll expenses, pay the mortgage or rent of the business and public services, such as water, Internet, electricity, etc. After correctly using the money in question and through a payment forgiveness request, the business can obtain the forgiveness of the loan granted.

In addition to the PPP, the SBA is also helping small entrepreneurs with the EIDL Advance, a program that awards up to $10,000 in response to financial difficulties resulting from the coronavirus pandemic. The advance, which directly helps companies in serious financial trouble, does not have to be repaid.

But it’s not just the SBA that is offering these types of forgivable loans: Miami-Dade County, in its efforts to financially help businesses harmed by COVID-19, has also launched a similar program. This is the Small Business Assistance Forgivable Loan Program (SBAFLP).

With a $5 million fund and the ability to award up to $25,000 per business, this loan becomes a forgivable loan or grant if the employer retains low- or moderate-income employees who earn less than 80% of the area’s annual median income. (In Miami-Dade, the annual AMI for a single person is $51,200). Find out below how we can help you.

Loan Packaging

The Loan Packaging is an expedited service that includes all the paperwork concerning the loan application. Our team of experts will be in charge of preparing all the documentation that must be delivered to the bank, while offering the necessary advice so that you know which SBA program is the most suitable for you, which lender offers the best options, among other details associated with obtaining the loan.

Loan Forgiveness

In addition to advising you on the most appropriate program for your small business, our team of experts can also help you get the loan payment forgiveness so you do not have to return the money that you have been granted, obviously, as long as you have complied with the established program guidelines. In the most effective and expeditious way possible, we will support you so this process does not become an added concern.

Loan Packaging

The Loan Packaging is an expedited service that includes all the paperwork concerning the loan application. Our team of experts will be in charge of preparing all the documentation that must be delivered to the bank, while offering the necessary advice so that you know which SBA program is the most suitable for you, which lender offers the best options, among other details associated with obtaining the loan.

Loan Forgiveness

In addition to advising you on the most appropriate program for your small business, our team of experts can also help you get the loan payment forgiveness so you do not have to return the money that you have been granted, obviously, as long as you have complied with the established program guidelines. In the most effective and expeditious way possible, we will support you so this process does not become an added concern.

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