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Coronavirus (COVID-19) Impact

04/2/2020
The Paycheck Protection Program is going to go live, TOMORROW, April 3rd, or so we are told. Time is still unknown at this point, so be sure to check with your bank online. This is bank specific so you need to login to your bank online, as the owner of your business, and apply for this loan. PBM cannot fill out this application for you, but we are here to help however we can. We will doing our best tomorrow to send you the required financial summaries necessary for the program. Each bank is requesting different information as of this writing, and some banks have not disclosed their “request” list for the program; so in those cases you may need to explore their web portal and communicate their request list to us.
 
What do you need to do?
  1. If you haven’t already done so contact your bank to determine if they are participating in this program.
  2. Find out what information the bank is requesting, because this is different for every bank. PLEASE CONSULT WITH YOUR BANKER WITH WHAT ITEMS THEY ARE REQUESTING.
  3. When completing this application, please be sure to list Professional Business Management, Inc as your contact/consultant/accountant in this process. We hope that this may facilitate our access to the information if necessary. In addition to the work we are doing now, we will be doing more work later down the line to help you gather the necessary documents to make as much of your loan forgivable as possible. Our focus is to see you recover from this and successful in business. 
 
What can PBM do?
  1. We can help gather information such as tax returns, financial statements, payroll information, etc. The level of detail that we can provide depends on your level of engagement with us.
  2. We cannot fill out the application for you, but we are here to help. Because we will be helping a lot of clients navigate this, give us a call and setup an appointment with us so we can give you our undivided attention. 
 
 
We estimate this will take PBM 2-3 hours to pull together the information that will be requested. Please contact your banker to determine what is needed before we start assembling our package of information, so time isn’t wasted.
 
To request our assistance with this, please respond to this e-mail or e-mail us directly at This email address is being protected from spambots. You need JavaScript enabled to view it.. We will be working in the order in which requests are received. Thank you for your understanding.
 
Here are some reference materials about the loans available:
 

 

 

Thank you in advance for your patience and understanding as we all are working to get through these times together.
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