We are not legal professionals, and cannot provide legal advice. APM Help is a group of AppFolio, Propertyware, Buildium and Property Management experts and are happy to assist in the loan application process.
This blog will be updated as new information comes available.
Last updated: 7 April 2020
There are a few loan options available to small business in response to COVID-19. Two of them being the SBA 7A Paycheck Protection Program (PPP) and the SBA Economic Injury Disaster Loan (EIDL). What's the difference? The PPP loan balance is completely forgivable if the company applying meets the specific requirements, EIDL loans are not (aside from the $10,000 grant). Also, the PPP cap is higher at $10 million, as opposed to the EIDL cap of $2 million per organization.
All documents required should contain data from 12 months prior to January 31, 2020:
Additional documents that might be requested by your lender:
You can start the application process here. If you have any questions or need assistance filling out the related forms, please reach out to APM Help via call/text at 281-949-8755 or email firstname.lastname@example.org.
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