Starting yesterday the SBA will make companies with less than 20 employees a PRIORITY for processing PPP loans.
This means if you are already in process with us to get a First or Second PPP, you will move up the list !!
If you are considering a PPP for first or second time, then NOW IS THE TIME to apply.
Shires Financial is here to help. Working with our SBA Funding Advisory, Realta Solutions, between now and March 11th (next 14 days), we will process and prioritize as many PPP as we can into the system. Attached is a document provided by Jeff at Realta Solutions to help you understand how the program works and how the calculations are determined, PPPs as well as EIDLs.
Here’s what you need to have ready if this is your First or Second PPP:
First PPP (or EDIL) :
For those of you who already have PPPs and EDILs in process with us and Realta Solutions, then we will be providing a full update of the status, next steps and any open items we need by the end of business tomorrow 12/26/2021.
For those of you who would like to get started, let us know ASAP, as the overall PPP program ends 03/31/21.
And for those who want to apply for an Economic Injury Disaster Loan (EIDL) that program is still open and should be available until 12/31/21. Credit score above 540 is the key criteria along with providing the other items listed on the PPP bullets above.