This is a time of uncertainty for all US businesses, including EZLynx. We wanted to reach out to our customers to let you know there may be federal funds available to help you.
$350 billion dollars in loans have been allocated to small businesses like your agency to help you pay your employees and cover other expenses.
The loan program is called the Paycheck Protection Program. The program will be administered through the Small Business Administration and your bank may be participating. Many of these loans could be forgiven if you meet the program qualifications.
If your business is struggling, we encourage you to take a look at the details of this program. You may qualify for over 2 times your previous year’s monthly average salary to cover payroll expenses, up to $100K per employee per year. In addition to payroll expenses, some funds may be available to also help with rent, health premiums, and other benefits.
You can review the conditions and qualifications of the Paycheck Protection Program on the sba.gov website. Be sure to reach out to your local bank to see if they are participating.
EZLynx will continue to look for any new information that might help our agents. We will all get through this together.