With COVID-19 in full swing, small businesses everywhere around the country are being adversely affected.
To combat the ever-growing uncertainty revolving around the current and future economy, many business owners are in a panic for how they can keep both their employees and business afloat.
Congress recently passed a monster stimulus package. Part of that bill included the PPP, which is money that will go toward small businesses who will undoubtedly be afflicted during this pandemic.
The finances will be distributed through low-interest loans that are designed to allow businesses to continue to pay their employees during these tough times.
A few perks of the PPP include:
- Low monthly payments
- No dealer fees or collateral
- 0% promotional financing available
- Soft pull pre-approval
- $100k in 1-2 business days
- Payments deferred for 6 months
One of the people helping small business owners receive support during these times is Michael Tsidulko. He is the president of Enhancify, a technology-based financing company that specializes in working with small businesses.
During a recent call with Dmitry and Roofing Insights, Tsidulko stressed that Enhancify is not a paid partner of any banks.
They are simply “leveraging a third-party partner who has direct relationships with tech-driven banks and the SBA/Treasury,” according to one of Enhancify’s PowerPoints that can be seen in the video above.
So then what is Enhancify’s angle?
To help people.
See, getting the stimulus money isn’t going to be as easy as one would hope.
That’s why Tsidulko and his staff are here, to get small business owners in line toward receiving pecuniary assistance.
It’s also important to note that there is a cap to the amount of money available to small businesses through this relief fund.
Right now, the money is being granted to owners on a first-come-first-serve basis, which puts even more pressure on businesses to act now.
Tsidulko emphasizes that when contacting Enhancify for guidance, it’s important to have all the necessary documentation on hand.
- Payroll processor records
- Tax forms 941, 940, and W3
- Tax forms P & L income statement
- Valid driver’s license or government-issued ID
Enhancify is urging people to do their own research during these strange and unprecedented times, and not to rush into anything that may further dramatically impact one’s business.
Decide today if a loan is right for your small business, and then don’t hesitate to get in touch with one of Enhancify’s representatives by visiting this link.
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