These are general guidelines and are subject to change through the final rulemaking and eligibility requirements from the U.S. Small Business Administration (SBA). Changes governed by the SBA may impact application dates and potentially delay the application process.
Your Small Business Resource for the CARES Act
Passed by congress and signed by President Trump into law, the $2 trillion economic assistance package includes a new $349 billion loan program created by the Small Business Administration (SBA) called the Paycheck Protection Program. It will be administered under the SBA’s Section 7(a) program and offers 100% government guarantee on this loan.
Amerant is proud to participate in the Paycheck Protection Program and support our customers during this critical time.
As of 9:00 AM EDT, July 6, 2020, the Small Business Administration in response to the Paycheck Protection Program Extension Act, will continue to accept applications for the CARES – Act Paycheck Protection Program until August 8, 2020.
If you have not yet applied for the SBA Paycheck Protection Program, and believe that you are an eligible business, we want to encourage you to begin preparing the appropriate documentation by referencing our Resource Center for more information.
As always, thank you for choosing Amerant as your trusted ﬁnancial advisor.
To expedite the application process, we invite you to reference the Resource Center below for important information, program overview, application, and more. Please ensure that your information is as accurate as possible on all of the documentation being submitted, in order to properly calculate the loan amount. Inaccurate data may jeopardize approval as set by the SBA guidelines.
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