SBA Disaster Loan Programs

How We Stand Out From Every Other Platform In The Market For PPP

You have probably already received a lot of emails in the past several days offering you the opportunity to apply for PPP round 2 (or maybe PPP round 1 still).

Three reasons that separate Ivanhoe Capital Advisors and their East Coast lending partner from all other PPP funding opportunities:

Lending from $1 to $2,000,000 per transaction!
You will have an actual person you can talk with that will assist you every step of the way. No more frustration and no more long lead times. Just pure customer service!
You will know within a very short period of time, after all the information is collected, what you qualify for.

Payment Protection Programs (PPP round 1 and PPP 2)

Payment Protection Program (PPP) Round 2 Breakdown

We aren’t going to treat you like cattle by sending you to some random portal on the internet, then tell you to just figure it out, and call us when you’re done! That brings absolutely no value to you or your business. It makes you wonder why you would even need us in the first place for PPP help or SBA disaster relief!

Here is the Cliff Notes version of what entities are eligible:

Independent contractors, eligible self-employed individuals, or sole proprietors
Partnerships
Employers with no more than 300 employees
Have used or will use the full amount of their first PPP loan
THE IMPORTANT ONE: Demonstrate at least a 25% reduction in gross receipts in the first, second, third, or fourth quarter of 2020 relative to the same 2019 quarter

How do you determine the loan amount?

3.5x’s average monthly payroll costs for foodservice & hospitality businesses
2.5x’s average monthly payroll costs for all other businesses

Let Us Help Get Your Business Funded

CARES ACT & SBA Disaster Loan Programs Compared

	PPP1 (for those who didn't receive a PPP Loan previously)	PPP2 (for those who did receive a PPP loan previously)	EIDL (Economic Injury Disaster Loan with the Advance Grant program)	Standard SBA 7(a)
Maximum Loan Size	Up to $2,000,000	Up to $2,000,000	Up to $150,000 (EIDL) Up to $10,000 (Advance Grant)	Up to $5,000,000
Maximum Amount to Borrow	2.5 x's Avg Mthly Payroll 3.5 x's Avg Mthly Payroll (for Food Service & Hospitality)	2.5 x's Avg Mthly Payroll 3.5 x's Avg Mthly Payroll (for Food Service & Hospitality)
Use of Proceeds	Payroll Costs Rent Payment Mortgage Interest Utility Payments Property Damage Costs Operations Expenditures Worker Protection Expenditures	Payroll Costs Rent Payment Mortgage Interest Utility Payments Property Damage Costs Operations Expenditures Worker Protection Expenditures	Payroll Rent Utilities Interest on Debt Incurred Accounts Payable Some bills that could have been paid had the disaster not occurred	Permanent Working Capital Machinery & Equipment Furniture & Fixtures Purchase, construction or renovations to building including land Business Acquisition Refinance of existing Debt
Maximum Interest Rate	1.00%	1.00%	3.75%	Prime + 2.75%
Eligibility	500 or fewer employees	300 or fewer employees 25% reduction in Gross Revenue for 1 Quarter of 2020	Based on SBA Size Standards and the 7(a) eligibility requirements	Based on SBA Size Standards and the 7(a) eligibility requirements
Collateral	No personal guarantee or collateral required	No personal guarantee or collateral required	Collateral will be taken for all loans > $25,000	For loan over $350,000, collateralize the loan to the maximum extent possible
Additional Benefits	Forgiveness Available If full Forgiveness not granted, repayment over 5 years No payment for 10 months from the end of your covered period, but interest does accrue	Forgiveness Available If full Forgiveness not granted, repayment over 5 years No payment for 10 months from the end of your covered period, but interest does accrue	Repayment over 30 years with no payments for the first 12 months	No SBA Fee On new Loans up to 6 mths of payments made by the SBA up to a maximum amount T/B/D On existing Loans up to 6 mths of payments made by the SBA up to a max amt T/B/D
Time Frame for Program	Ends March 31, 2021	Ends March 31, 2021	Ends December 31, 2021	Ends September 30, 2021

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Chicago

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6859 W. Addison
Chicago, IL 60634
847-644-8085

Oak Brook

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2625 Butterfield Rd 126 N

Oak Brook, IL 60523
847-644-8085

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8AM – 4PM

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info@icadvisors.com