Congress has reached an agreement on an interim stimulus deal, which will provide $310 billion to replenish the Paycheck Protection Program. If everything moves according to plan, new SBA funding for both PPP and EIDL will be available by this Friday, April 24, 2020.
Below are a couple helpful suggestions that will ensure your application is in queue and ready to access the funds made available though this valuable government program.
If you have an existing relationship with an Arizona lender, reach out to them first to see if they can process your Paycheck Protection Program Application. The following is a list of Arizona banks who are SBA approved lenders:
PPP Lenders Arizona April 15, 2020
- If you don’t have an existing banking relationship, or cannot submit through your current lender, we encourage you to utilize the services of a company such as Lendio. Lendio is an online tool that will connect you to a network of approved lenders who are ready and available to process your application. There is no fee to use Lendio's services.
- Finalize Your PPP Application So It Is Ready To Be Submitted As Soon As The Program Is Approved By Congress.
- Most Important ... Please Know You Are Not Alone. This Is A Challenging Time And We Are Here To Help.
Below is a list of federal and state resources to help you navigate these very difficult times:
- Please visit the Small Business Administration for a comprehensive list of Federal Business Resources and Loan Programs programs: sba.gov
- Small Business Development Center for application assistance and one-on-one consultation: azsbdc.net
We are here to help! Please contact us if you have questions or need additional information at admin@tucsonhispanicchamber.org,
visit our website at www.tucsonhispanicchamber.org or call us at 520.620.0005