SBA EIDL and Paycheck Protection Program loans for property management companies

August 10, 2021
Lorem Ipsum dolor sit amet.
Lorem Ipsum dolor sit amet.

There has been an unanticipated shift in the way that we live, work, and interact. COVID-19 has led to a decrease in business activities which in turn has led to layoffs and panic among industries. Unfortunately, this has also resulted in requests for rent leniency and forgiveness.

In a perfect world, you could give your tenants as much time as they needed, but in reality, your company relies on rent income. So, when tenants can't pay and you can't evict, what can you do? The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has the answer to your rent income needs.

The CARES Act & Property Management

The CARES Act is officially the largest economic stimulus bill in modern history, and with pump $2 Trillion dollars back into the US Economy. Despite what you may think, being a member of the property management industry isn't so bad during a time like this. People need a roof over their head, and that's exactly what you have to offer.

As April rent week continues you will get a better idea of where your company stands financially. However, at APM Help, we recommend that you get ahead of the curve and apply for financial assistance as soon as possible. April rent week might be going over well, but there is no way to predict what may happen in future months.

The stimulus bill has allocated $377 Billion towards small businesses, $349 Billion of which will be distributed via The Paycheck Protection Program (PPP). To be considered a small business means you have 500 or less employees. The loan application process through PPP is a more relaxed version of the standard Small Business Administration (SBA) loan. So, what does it cover?

Paycheck Protection Program details

These loans have the potential to be forgivable, and can be up to $10 Million in value. The total loan that you receive is based on 2.5x your average monthly payroll, with an annual payroll cap of $100,000 per employee. The loan will be forgivable if:

  • "The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and"
  • "Employee and compensation levels are maintained."

Applications will be accepted from April 3, 2020 through June 30, 2020. You can find a sample application form here. There is a large amount of required financial data, and that's where APM Help comes in. We can help you organize your financials to meet your lender requirements, which will most likely be payroll documentation and potentially other items.

If you're interested in getting our help with your PPP application, please send us an email to with the subject "PPP Loan". Stay safe and healthy!

Our Services

On-Demand Consulting

On-Demand Consulting

Consulting with AppFolio, Buildium, Propertyware, & Rent Manager experts to answer any and all software related questions in less than an hour. No long-term contracts and easy to get started.

On-Demand Consulting

Trust Bookkeeping Services

Bookkeeping services provided by expert accountants for AppFolio, Buildium, Propertyware, & Rent Manager. For less than the cost of a full-time bookkeeper you can have a whole team of experts.

On-Demand Consulting

Corporate Bookkeeping

Let us take care of your corporate payables, receivables, reporting, and payroll with Quickbooks and Gusto. With us you can focus less on accounting and more on growth!

On-Demand Consulting

Daily Bank Reconciliations

Get your bank reconciliations done every single day! Keep your books accurate by making sure that everything is  accounted for. Available for AppFolio, Buildium, Propertyware, & Rent Manager.

On-Demand Consulting

Daily Audits

Curious just how clean your books are? Find out with Triple Tied Out! It's our daily auditing service that checks your bank recs, liabilities, and property balances. For AppFolio, Buildium, & Propertyware.


Why Choose APM Help


Our consultants are well-versed in the software solutions commonly used in property management. Whether you're using AppFolio, Buildium, Propertyware, or Rent Manager, we have the expertise to clean up your books and maintain their accuracy.

Scalable Solutions

As your business grows, so do your accounting needs. Our U.S.-based account managers with industry experience are dedicated to managing your books, giving you the time and confidence to focus on expansion.

Audit Support

Going through an audit can be a daunting task. We offer daily audits and audit preparation services to ensure your books are always audit-ready, providing you with peace of mind.

Back-Office Services

Beyond bookkeeping, we offer a range of back-office services to streamline your operations, including maintenance coordination, property improvement loans, and corporate bookkeeping.
Your Success, Our Priority
APM Help is not just a service provider; we are your partners in success. We understand thatproperty management demands a holistic approach, which is why we offer a suite of services tailoredto address the diverse needs of your business. Our goal is to empower property managers to excel intheir markets by providing them with clean books, efficient processes, and the time they need tofocus on building strong client relationships and achieving their growth ambitions.

Ready to work with the experts in rental property management?

We typically respond in under 10 minutes!

Get Started Today
Property Management Accounting Expert