Visit Jacksonville

April 2, 2020

CARES Act Reminder

 

Starting tomorrow, APRIL 3, 2020 small businesses and sole proprietorships can apply for the assistance through the CARES Act to cover payroll and certain other expenses. [The date for independent contractors and self-employed is not until April 10].

 

You can apply through any approved SBA lender.  A list of approved lenders can be found at:  www.sba.gov

 

Apply early; it is anticipated that this will cause backlogs and overloads.  In addition, there is a funding cap, so do not delay.

 

The following information will be necessary to apply, so gather before beginning:

  • 3 years business tax returns

  • 3 years personal tax returns

  • Interims (if 2019 is not done, a P&L and Balance Sheet for 2019)

  • Interims for this year Jan-Mar

  • Mortgage Statement or Lease Agreement

  • Utility Bills

  • Payroll Info:

    • 1099 (if you have independent contractors)
    • IRS Forms 940 & 941
    • Payroll Summary
    • For a business with employees receiving tips & they include those in their W-2’s, copies of those W-2’s.

 

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Jacksonville, FL 32202
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