Page 127 - Fear Unmasked Flipbook
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2. Shortly after you contact your banker you
should be given an application to fill it
out. You will need to provide the following
documents:
• 2019 – 941 quarterly payroll reports
• 2020 – 941 quarterly payroll reports
for the first quarter of 2020
• Proof of lease payment
• Proof of utilities
• Signed copies of your tax returns
• Personal identification
• Articles of organization
• And bonus, you don’t have to put up
any collateral! That means you do not
need to provide proof of assets
2. Economic Injury Disaster Loan (EID)
This is the loan that business owners can apply for.
They can apply for up to two million in capital loans
with an interest rate of 3.75 percent. This loan is there
to help provide financial relief to business owners
who are experiencing a decrease in revenue due to
the coronavirus lockdowns.
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