Connecticut PPP & EIDL Updates for week of April 27, 2020

Connecticut District Office  - April 2020

u s small business administration

Payment Protection Program - 2nd round opens today!

PPP Image

Paycheck Protection Program: The SBA will resume accepting Paycheck Protection Program applications from participating lenders today - Monday, April 27, 2020 at 10:30 a.m. EDT. Contact your lender or click here to find an SBA guaranteed lender near you.

Note: Limited funding will again be available through the SBA.

It is imperative that you act immediately to submit an application if this program will benefit your small business or organization.

Counseling and training is also available virtually through our network of resource partners https://www.sba.gov/offices/district/ct/hartford

Economic Injury Disaster Loans (EIDL) & Advances: The SBA is unable to accept new applications at this time for the EIDL -COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. https://www.sba.gov/funding-programs/disaster-assistance

Previous EIDL & Advances Status: If you submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue and your patience is appreciated.  If you would like to further inquire about the process and understand what to expect next you should contact the Office of Disaster Assistance 24/7 Customer Service line at 800-659-2955. 


Applying for the PPP

Applications need to be  submitted through a lender. See a list of Connecticut Participating Lenders here or try the lenders below. 

If you do not have an existing relationship with a lender try:

PayPal: https://www.loanbuilder.com/ppp-loan-application

Intuit: https://aidassist.intuit.com/app/home#/home

QuickBooks Capital: https://quickbooks.intuit.com/small-business/coronavirus/paycheck-protection-program/

Square Capital: https://squareup.com/us/en/l/sba-ppp-loans

Kabbage: https://www.kabbage.com/paycheck-protection-program-loans/

Veem: https://www.veem.com/

Biz2Credit: https://www.biz2credit.com/

There is also additional guidance on how to calculate loan amounts.

To learn more about the Paycheck Protection Program or to download an application please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program


Join SBA's Disaster Recovery Team!

SBA Logo

 

Join SBA's Office of Disaster Assistance where you can enjoy challenging but satisfying work as part of a highly motivated and diverse ream helping families and businesses struggling to rebuild their lives after a disaster. We are seeking:

Call Center Customer Service Representative (CSR)

Customer Service Representatives are needed with backgrounds in finance, credit, banking, accounting, and mortgage lending. 

  • Students of business/finance may also apply.
  • Strong computer skills are a must. 
  • Texas notaries with experience closing loans, legal documents, etc. are also desired.
  • Spanish speaking is a plus.

Document Preparation/Legal Review/ Loan Closings

Attorneys/Paralegals are needed to review and close SBA Disaster Loans.

  • Real Estate experience is a plus.
  • Individuals waiting on bar results may apply.
  • Attorneys must present a current bar card, but may be licensed in any state. 

Loan Processing/Credit Analysis/Mortgage Underwriting

Credit Analysts, Loan Officers, and Mortgage Underwriters are needed with experience evaluating financial information; determining creditworthiness and repayment ability; and making loan decisions (or recommendations) based on overall financial condition.

Program Support

Program Support Assistants are needed for report generation, time and attendance support, correspondence management and database maintenance.

 

https://www.sba.gov/page/disaster-response-jobs-sba


SBA resource partners provide business consulting, mentoring and training services.

Resource Partners Assistance

Free assistance with reconstructing financial records, preparing financial statements and submitting the loan application is available from any of SBA’s partners:

Small Business Development Centers -https://ctsbdc.org https://score.org  Women Business Development Council https://ctsbdc.org  Entrepreneurial Center/Womens Business Center https://hartford.edu/wbc  Veteran’s Business Outreach Centers for more information