Association of Lodging Professionals

Articles and Resources from Around the Web-COVID-19-Coronavirus #8

08 Apr 2020 9:37 AM | Anonymous member (Administrator)

Potential Use of Hotels for COVID-19 Medical Care: What You Need to Know

Want to get your Coronavirus relief check? Scammers do too.

Find a state/regional SBA office for help with who is SBA lendor approved

100 most active SBA 7(a) lenders

As of April 6, 2020 PAYCHECK PROTECTION PROGRAM LOANS

Frequently Asked Questions (FAQs)

Other Options for Financing

SBA Express Bridge Loans: Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans

SBA Debt Relief

-The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.

-The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

Additional Debt Relief

For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular servicing” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief
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