{"id":6413,"date":"2020-03-31T14:55:28","date_gmt":"2020-03-31T18:55:28","guid":{"rendered":"https:\/\/www.floridacapitalbank.com\/?page_id=6413"},"modified":"2021-01-13T12:19:15","modified_gmt":"2021-01-13T16:19:15","slug":"here-to-help","status":"publish","type":"page","link":"https:\/\/www.floridacapitalbank.com\/here-to-help\/","title":{"rendered":"Here to Help"},"content":{"rendered":"
We know that the coronavirus (COVID-19) is affecting each of us differently. As this situation continues to evolve, we're taking steps to help businesses as much as possible with updated resources on navigating the new normal and information on funding sources to support your business during this time.<\/p>\n<\/div>\n<\/div><\/div><\/div>
We\u2019re working with the SBA to provide information on SBA hardship relief assistance programs that can help our business customers, as well as other businesses in your communities.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>
A new round of funding for the Paycheck Protection Program (PPP) has been approved as part of the COVID-19 relief package passed by Congress. Funding is estimated to begin in January 2021.
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So we partnered with ACAP & The Loan Source, to make the PPP 2.0 application process simple. This partnership will allow us to help more small business owners.<\/p>\n
Click here to apply<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div> If you are a current customer of FLCBank and unable to make your loan payment due to being impacted by COVID-19, we may be able to help.<\/p>\n For the Second Round of PPP loans, there will be an additional $284.6 billion in Paycheck Protection Program (PPP) funding for loans to small businesses, including for borrowers who have previously received a PPP loan.<\/p>\n A borrower is generally eligible for a Second Draw PPP Loan if the borrower:<\/p>\n Maximum Loan Amount and Increased Assistance for Accommodation and Food Services Businesses<\/b><\/p>\n Below is the Second Round application and overview of requirements:<\/p>\n Round One loans are still available and borrowers must qualify under the original standards of PPP i.e. 500 employees.\u00a0 Below is the updated application and overview of requirements:<\/p>\n Visit the following websites for more information on the Small Business Administration (SBA) paycheck Protection Program<\/u><\/strong><\/a> and the CARES ACT and Pay Check Protection Program PPP<\/strong><\/a>.<\/strong><\/em><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div> FLCBank knows times are tough, so we've partnered with the best-in-class PPP loan originator and servicer, ACAP & The Loan Source, to make PPP 2.0 simple. ACAP & The Loan Source are experts in the application process and making the forgiveness process seamless.<\/p>\n We are recommending everyone get a head start. By creating an account on the ACAP & The Loan Source online portal.<\/p>\n Click here to apply now.<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div> If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, or charge of any kind, including the purchase of gift cards, please do not respond. These are scams. Please contact the FBI at www.ic3.gov<\/a> so that the scammers can be tracked and stopped.<\/p>\n Fraud involving payment of Federal taxes should be reported to the Treasury Inspector General for Tax Administration<\/a>.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div> Maybe your business has already reopened or perhaps you are preparing for the next phase of reopening. Our friends at The Florida SBDC Network have provided this helpful checklist as you prepare for your next business chapter.<\/p>\n Tips for Reopening<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div> Being prepared for unexpected business interruptions and having a contingency plan in place can provide peace of mind in times of uncertainty. Check out the SBDC's guide to Business Resilience below.<\/p>\n Business Resiliency Guide<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div> The SBA is providing a financial reprieve to small businesses with a current SBA loan during the COVID-19 pandemic.<\/p>\n<\/div>\n<\/div><\/div><\/div> More on SBA Debt Relief<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div> This loan advance through the SBA, provides up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.<\/p>\n<\/div>\n<\/div><\/div><\/div> More on EIDL<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div> Small businesses who currently have a business relationship with an SBA Express Lender<\/strong>\u00a0could access up to $25,000 quickly.<\/p>\n<\/div>\n<\/div><\/div><\/div> Info SBA Bridge Loans<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div> If your business has financing needs for general business assets from $250,000 to $1,000,000<\/strong>, we can help. We offer 3 and 5 year variable or fixed interest term loans to help you expand your business or purchase long term assets. With competitive rates and fast decisions, FLCBank is here to help your business grow.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div> FLCBank has an extensive array of financing options to help you achieve your business goals and aspirations.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div> As an SBA Preferred Lender, FLCBank can help you secure the critical funds you need with SBA 7(a) or SBA 504 loans.<\/p>\n Learn More<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div> Our Equipment Loans can help you purchase equipment, vehicles, or make capital improvements.<\/p>\n Learn More<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div> We can help with the purchase, refinancing , or with the construction of a new facility through our Owner-Occupied Real Estate Loans.<\/p>\n Learn More<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div> Our Business Acquisition Loans can be structured to provide cost-effective financing for purchasing a business or another business.<\/p>\nLoan payment assistance for our customers:<\/h2>\n
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PPP 2.0 Program Highlights*<\/h2>\n
Targeted Eligibility:<\/h4>\n
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Original Round One PPP loans:<\/h4>\n
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*Please note this information reflects our understanding of the program rules at this time. Program rules and conditions are subject to change, and likely will change pending guidance and interpretation by the SBA.<\/strong><\/em><\/h6>\n
Get a head start on PPP 2.0 Funding<\/strong><\/h2>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>
COVID-19 SCAMS<\/strong><\/h3>\n
Back to Business<\/strong><\/h3>\n
Staying Resilient<\/strong><\/h3>\n
Small Business Administration Relief Funding Options<\/h2>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>
SBA Debt Relief<\/h3>\n
EIDL Loan Advance<\/h3>\n
SBA Express Bridge Loans<\/h3>\n
Business Term Loans<\/h2>\n
More Lending Solutions<\/h2>\n
Small Business Loans<\/a><\/h3>\n
Equipment Loans<\/a><\/h3>\n
Owner-Occupied Real Estate Loans<\/a><\/h3>\n
Business Acquisition Loans<\/a><\/h3>\n