We hope you and your family are staying safe and well. We would like to share updated financial information as follows:
Property Taxes are due as usual on April, 10, 2020
• For more information: https://www.countyofsb.org/ttcpapg/index.aspx#payments
Business Property Tax Form 571-L due as usual on May 7, 2020
• For more information: https://countyofsb.org/CARE/Assessor/business-properties.sbc
Small Business Administration (SBA) Disaster Loans
SBA provides low-interest disaster loans to businesses of all sizes and includes private non-profit organizations. These loans are readily available based on self-certification. You can apply directly to the SBA online – https://www.sba.gov/disaster-assistance/coronavirus-covid-19. Alternatively, you may call the Customer Service Center at 1-800-659-2955 or email disastercustomerservice@sba.gov and request them to email pdf copies of the loan applications to you that can then be emailed or faxed back in after completion.
Financial Strain
If you are experiencing financial difficulty, it would be prudent for you to communicate early with your lenders, landlord(s) and key suppliers to work out a plan. To the extent that landlords and key suppliers have early warning, they may be able to make plans for accommodation. We encourage you to consult with your business attorney before taking action.
We recognize everyone is being inundated with Coronavirus emails but we hope you find this communication informative and of value. We are here to support our clients and will continue to keep you updated as there are new developments. On Friday, March 27th, additional legislation was signed that will provide tax relief to individuals, loan provisions to assist small businesses and unemployment benefits for individuals affected by the pandemic. We are currently reviewing the legislation and will provide an update in the next few days.
Recent Comments