At Granite, we’re committed to doing all we can to help our members and community through this challenging time. If you are a business owner and need some help adapting to the current circumstances, please check out the tools and resources below.
Whether you are currently a member of Granite, or not, we’ll be happy to help you complete and submit an application for the SBA’s Paycheck Protection Program. Through this special program, businesses are able to borrow funds for up to 2 years at a 1% interest rate. Funds can be used for: wages, commissions, paying out vacation and sick time, health benefits, taxes, rent and utilities, etc. SBA fee’s will be waived and the first payment will be deferred for 6 months. The government has committed to forgive a portion of these loans if employment is maintained.
SBA Paycheck Protection Package Preparation Checklist
There is a high demand for loans. Please review and download the documents and application. When you have gathered the required info and are ready to apply, simply click the button below to send us an email and attach your documents. We’ll be in touch as soon as possible to let you know what the next steps are.
SBA Economic Injury Disaster Loan (EIDL)
Businesses can apply for EIDL directly through the SBA. Businesses that do not qualify for an EIDL may still be eligible for a federal assistance grant.
- For-profit businesses can borrow for up to 30 years at fixed rate of 3.75% with the first payment being deferred for one year.
- Non-profit organizations can borrow under the same terms but at a rate of 2.75%.
SLC Emergency Loan Program
Salt Lake City has created a loan program to provide financial relief for small businesses likely to see a downturn in business due to COVID-19.
