In this episode of Monday Transportation in Minutes, Matt Manero, Founder and President of Commercial Fleet Financing, will be going into detail about the deferment process and taking on credit for you or your business. Get answers to these important questions: What does it take to get credit approved today? What is the overall economic situation that exists for our clients and our company? How are we going to navigate through these uncertain times?
In this video we will be covering these three important topics:
- SBA Updates and Applications
- Getting Approved and Funded
- Deferring Your Payments and Having a Plan
With each passing day you may be asking yourself, “How is the Stimulus Package going to play itself out for all of us”. The reality is that the Stimulus Package, (Paycheck Protection Program PPP and Economic Injury Disaster Loan EIDL) is changing literally day by day. The rules are changing, the application process is changing, and there is much more information that’s needed to apply. However, do not lose the opportunity to get your hands on this money.
Be sure to dot your I’s and cross your T’s and don’t take the path of least resistance. Learn about what information you can give to your lenders in order to maximize your chances of getting your SBA request for the two different types of loans PPP vs EIDL.
Read our Blog where we do a deep dive into the SBA Updates and what you will need for getting funded.
Also, we answer some important questions regarding the Transportation business.
“I do want to offer this up as well that, do not take my advice as gospel. I am not a CPA. I’m not your accountant. I’m not someone who you should be relying upon for this information. You need to go double check and triple check this information on your own.” — Matt Manero
SBA Relief Programs Resources:
Look Up ANY SBA Document form here: https://www.sba.gov/document/
Disaster Loan Online Application and details: https://disasterloan.sba.gov/ela/
Visit the SBA website for more information: https://www.sba.gov/
SBA: PPP PDF FOR DIRECT APP
SBA: EIDL DISASTER LOAN DIRECT APP
Online Application: https://covid19relief.sba.gov/#/
SBA GOV: Applying for SBA Disaster Loans (EIDL) – PDF Packet
Blog: Deferring Payments and is Credit Hard To Get NOW?
With each passing day you may be asking yourself “How is the Stimulus Package going to play itself out for all of us?” The reality is that the Stimulus Package is changing literally day by da… >> Read More
About Commercial Fleet Financing, Inc.: At Commercial Fleet Financing (CFF), our pros have given smart advice to fleet owners and owner-operators in the transportation, moving, towing or construction industries for more than two decades. With CFF, finding the right financing solutions is a phone call away and most borrowers secure commercial vehicle financing with ease. To talk directly with one of our finance pros and get started with a credit approval in as little as two hours, CFF’s phone number is (469) 281-2962.