Like all organizations, all of us at Petrella Phillips LLP have been working to stay on top of the rapidly changing events as a result of COVID-19. While we understand the landscape is changing, we are committed to our clients and their needs.
Sincerely,
Tom Petrella & Michael Phillips
Helpful COVID-19 Information
Listed below are links to COVID-19 relief programs. These are the most user-friendly resources we have found. Your bank will also have information on all of these relief programs.
In addition, your payroll processor will be able to provide the necessary information for any applicable payroll tax credit programs that are available.
All of these programs, application processes, and procedures are being updated constantly. Also, please be alert for scams and agents who are offering "expedited" service. None of the SBA programs have application fees associated with them.
As of this morning (4/2/2020), the application for the payroll protection plan loan is not on the SBA website, this needs to be obtained directly from your bank.
SBA quick application for the $10,000 Economic Injury Loan:
https://covid19relief.sba.gov/#
A very well-written summary of the Payroll Protection Plan.
https://cdn.fedweb.org/fed-42/2/PPP%2520Borrower%2520Information%2520Fact%2520Sheet.pdf
Full information on all the COVID programs.
https://www.sba.gov
