SBA Loan Application Help
Legal Support for Your SBA Loan Application
As an insurance attorney at LaHatte Law Firm, we understand the complexities and challenges small businesses face when applying for SBA loans. Serving Metairie, New Orleans, Kenner, and the state of Louisiana, we're here to help you navigate the intricacies of securing financial aid. Take a deep dive into navigating the complexities of SBA loan applications below.
SBA Loan Application Overview
SBA loans can be used for various business expenses, including mortgage rental costs and employee payroll. They are the primary form of federal assistance granted to small businesses for repair and recovery.
Economic Injury Disaster Loans (EIDL)
Advance: Up to $10,000 to provide rapid economic relief, which does not need to be repaid.
Eligibility:
- Must be a for-profit business
- Based in the United States
- Operate primarily within the U.S. or make a significant contribution to the U.S. economy
- Independently owned and operated
- Not a dominant player in its field on a national level
Maximum Loan: $2 million.
The Paycheck Protection Program (PPP)
Loan Forgiveness: The SBA will forgive all small business loans if all workers remain employed for eight weeks and the money is used for:
- Mortgage interest
- Payroll
- Rent
- Utilities
Assistance: Application can be tricky, but we can help.
Other SBA Loans
To be eligible for an SBA loan, your business must meet the following requirements:
- For-Profit Business: Your business must be officially registered and operate legally.
- U.S. Operations: Your business must be both physically located in and operate within the U.S. and/or its territories.
- Invested Equity: You must have invested your own time or money into the business.
- Exhaust Other Options: You must not be able to get a loan from any other financial lender.
Whether it's covering mortgage rental costs, payroll, or other business expenses, our experienced team ensures that your application process is seamless and successful. Reach out to us today to get started on your loan application.
When to Seek Help for SBA Loan Application
Applying for an SBA loan can be overwhelming. Here are some signs it's time to consult with an expert:
- Struggling to understand loan qualification criteria
- Difficulty navigating the application process
- Uncertainty about loan terms and conditions
- Need assistance with documentation
- Concerns about meeting deadlines
- Seeking clarification on loan forgiveness programs
Request a consultation from LaHatte Law for professional assistance with your SBA loan application.
Hiring an Attorney for Your SBA Loan Application
Working with LaHatte Law offers numerous benefits:
- Expert guidance on loan eligibility
- Over 100 cases settled, millions of dollars paid to LA residents
- Emergency consultations available
- No upfront costs; clients only pay after the settlement
- Streamlined application process
- Accurate and complete documentation
- In-depth knowledge of federal assistance programs
- Assurance of meeting all requirements
- Experience with large insurance carriers
Our dedication and expertise ensure that your application process is smooth and successful. Request a consultation from us today to secure your SBA loan.
Contact Us
Ready to secure financial aid for your business?
Reach out to LaHatte Law today and let our skilled attorneys assist you with your SBA loan application. We're committed to providing the support and guidance you need for a successful application process.
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