Bank Financing
Bank Financing |
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Government Notice: Lapse in Appropriations
The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. We are accepting interest through Waitlist only. Please sign up below.
REQUESTING A BUSINESS LOAN WITHOUT ADEQUATE PREPARATION SENDS A CLEAR MESSAGE TO THE LENDER: HIGH RISK! THEREFORE, IT PAYS TO BE PREPARED AND ORGANIZED IN YOUR APPROACH FOR FINANCING. PUT YOUR BEST FOOT FORWARD BY ALLOWING US TO PREPARE A WINNING LOAN PROPOSAL FOR YOU. OUR PROPOSALS HAVE A HIGH LIKELIHOOD OF SUCCESS BECAUSE THEY'RE CREATED FROM THE LENDER'S PERSPECTIVE.
You get the money you need because we know exactly what banks/agents want to see. Even more importantly, we know how to prove to them that you'll be able to pay them back.
The stimulus package also offers the self-employed and small business owners a $10,000 advance on an Emergency Economic Injury Disaster Loan (EIDL) that does not have to be paid back, even if the borrower does not qualify for an SBA loan.
Intelligent Tax Solution will submit on your behalf to federal and state agencies applications for SMALL BUSINESS ASSISTANCE. We are with you!
Our winning loan proposals come complete with...
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Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it's needed.
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Pro-forma Cash Budgets and Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily read and buy in to.
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Owners Personal Financial Statements: We make copies of the last 3 years of personal tax returns for the bank.
- Representation: We help substantiate your financial needs/position to your banker.
- Payment for Services: We request a nominal fee to get started and wait to be paid once your loan is funded.
Payment Protection Program This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
This loan has a maturity of 2 years and an interest rate of 1%.
Eligible Loan Amount is Average total monthly payments of payroll costs over the last year; multiplied by 2.5
EIDL Loan Advance This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
Get In Touch
At INTELLIGENT TAX SOLUTION, we've been serving the accounting needs of Oxon Hill, MD and all 49 states within the US for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.
Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.
Thank you for visiting. We look forward to working together!