Health Club Experts (Business Finance Depot) is Providing Resources to Club Insider Readers
Posted: April 7, 2020 in Suppliers
Business Finance Depot
MOUNT DORA, FL – Attention fellow fitness industry professionals, we are providing the following information as a free service to the Club Insider, and Norm and Justin Cates, longtime friends of our company. We hope you are making the best of this very difficult situation we all find ourselves in 2020!
SBA Payroll Protection Program (PPP) Loan – If you wish to apply for assistance to continue paying your employees for the next 2 months, we are providing documents from the US Treasury Department, a list of banks participating and the PPP loan application on our website https://businessfinancedepot.com/apply-for-the-sba-paycheck-protection-program-ppp-loan/ . NOTE: One of the Treasury Department form states “We encourage you to apply as quickly as you can because there is a funding cap.”
SBA Emergency Injury Disaster Loan (EIDL) – Since many club owners sales have declined and need compensation for lost sales, click on this link to apply directly to the SBA for the EID which includes a $10K SBA grant in some cases. If you receive a $10K grant AND a PPP loan, the grant will be rolled into the PPP loan.
Please feel free to email me with any questions and I will do my best to respond in a timely manner.
Paul Bosley
Managing Member
www.BusinessFinanceDepot.com
paul@businessfinancedepot.com
