BYZDOM EMERGENCY ASSISTANCE
Small Business Program

The Coronavirus Air, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

BYZDOM
IS HERE TO
HELP YOU:
  • Determine your eligibility
  • Prepare necessary information to QUICKLY get funded
  • Evaluate cash needs of your business during this period
  • Guide you through the process of securing funding in as quickly as two weeks!
AM I ELIGIBLE?
You are eligible if you are:

  • A small business with fewer than 500 employees
  • Plus, many other requirements we can explain to you...
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WHAT WILL LENDERS BE LOOKING FOR?
In evaluating eligibility, lenders are directed to consider whether the borrower was in operation before February 15, 2020, and paid independent contractors.

BAD CREDIT IS okay as long as you have employees.

IF you furloughed or laid off employees, you can use this program to rehire them IMMEDIATELY!

NO COLLATERAL IS REQUIRED
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WILL THIS LOAN BE FORGIVEN?
A borrower is eligible for loan forgiveness equal to the amount the borrower spent on the following items during the eight (8) weeks beginning on the date of the origination of the loan: payroll costs, interest on the mortgage, rent on a leasing agreement, payments on utilities
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HOW MUCH CAN I BORROW?
Loans can be up to 2.5x the borrower's average monthly payroll costs, not to exceed $10 million. Payroll cost will include healthcare cost, certain retirement, and other.
LET US HELP YOU NOW!

Our team has spent countless hours combing through the CARES Act and has been in direct communication with the Federal Government to ensure that we are experts in helping our clients get the aid they need.

We want to help you focus on keeping your business and supporting your family, friends, and employees, rather than investing weeks reviewing available information and reading the 883 pages of the CARES Act.

ABOUT BYZDOM

Our founder, Chris Duzich, is a CPA, CCIM, lifelong entrepreneur, and son of immigrant entrepreneurs. He has a heart for small business and wants to secure the future of the SMALL BUSINESS Community during these difficult times.

Our experienced team members combine their track record of success in business with world-class systems that have worked for thousands of companies around the world to impact the profitability of your business rapidly. "The best business coaching ever, bar none."

www.byzdom.com

(214) 531-3489

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