COMMITTED TO PROTECTING YOU AND OPEN TO SERVE YOU: BUTLER VET CARES COVID-19 UPDATE April 15, 2020
Payroll Protection Program Update
***YOU SHOULD TAKE URGENT ACTION***
Bloomberg News: Headline – Rescue Fund to Run Dry Today, Leaving Small Firms Shut Out
From the article:
A $349 billion federal relief program for U.S. small businesses is expected to run out of money this afternoon, with many still waiting to get a lifeline, according to officials familiar with the situation.
The government-guaranteed loans are available on a first-come first-served basis. But without more funding, many small businesses that have flooded banks with applications won’t get help, advocates said.
As of early afternoon on Wednesday, the U.S. Small Business Administration reported there had been almost 1.4 million applications approved, totaling about $301 billion of the $349 billion set aside. That’s the value of loans the agency has approved for lenders to disburse, not money that has reached borrowers.
The program, which launched April 3, is running out of money after just 13 days.
Call your lender today to see where your application stands in the process if you have applied.
SMALL BUSINESS PAYCHECK PROTECTION PROGRAM – Overview
PPP Information Sheet that explains the programs guidelines.
Payroll Protection Application that most lenders are using (Check with your Lender or Commercial Banker)
MN SBA Approved Lenders – Check with your current Banker or Lender to see if they are accepting PPP applications.
BELOW ARE RESOURCES TO HELP YOU IN THESE UNPRECEDENTED TIMES:
PLEASE CONTACT US OR YOUR INSURANCE CARRIER –
THEY MAY HAVE FLEXIBLE BILLING OPTIONS IF YOU ARE EXPERIENCING A HARDSHIP.
WE CAN ASSIST YOU!!!
Your Butler Vet Insurance team members are working remotely to serve and protect you.
Here’s 5 easy ways to reach the team at Butler Vet Insurance anytime:
Your experience with us may be a little different during this time of uncertainty and your patience is greatly appreciated. Although our physical office is closed, our team remains 100% committed to serving you.
We appreciate this and every opportunity to serve you!
Bill Butler and the whole Butler Vet Insurance Team