Federal Resources

federal stimulus package

NEW: $484 Billion Federal Stimulus Bill

  • $310B for Small Business – Paycheck Protection Plan - $60 billion set aside for Small to Medium Lenders

  • $60B for EIDL Program

  • $75B for hospitals

  • $25Bfor COVID testing

  • The House of Representatives is set to pass this package on April 23rd. 

  • URGENT: Please get your apps into SBA lenders for the PPP program now -  money will go fast. EIDL money can be applied for directly with SBA

  • If you have any questions call one of our team members. 

Mortgage Relief options

Fannie Mae and Freddie Mac are offering multiple relief options for those who have been negatively impacted by COVID-19, which include:

  • Providing mortgage forbearance for up to 12 months

  • Waiving assessments of penalties and late fees

  • Halting foreclosure sales and evictions of borrowers until at least May 7, 2020

  • Suspending reporting to credit bureaus of delinquency related to forbearance

SBA Financial Options

Small businesses and nonprofits located in all Utah counties are now eligible to apply for low-interest loans/grants through the Small Business Administration.

For additional information, please contact the SBA at 1-800-659-2955 or work with your local financial institution.