The team at Pet Boss Nation pulled this list of resources together for pet industry professionals across the United States. Hopefully it will help you navigate through all the information out there - to find exactly what you need to know. Please note, we are NOT any of the following... tax professionals, employment attorneys, lenders, nor certified HR consultants.

COVID-19 Financial Assistance

You can and SHOULD apply for both the EIDL & PPP Loan programs.  Please know that there are two separate application processes for applying for each loan programs.  Below is a summary of each of the loans types and the specifics regarding how the funds should be utilized and allocated. Some programs may have run out of funds, but keep checking back with your lenders and the SBA for financial assistance opportunities.

EIDL - Economic Injury Disaster Loan
Last updated June 16, 2020

The SBA reopened applications! Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis, but if you haven't heard anything at all, it might be worth resubmitting.

Disaster Assistance  or  Economic Injury Disaster Loan (EIDL) - This loan is to support a business who has lost revenue due to a declared disaster. Learn more here.

Special adjustments to this program have been made for COVID-19 and in general, this has different lending requirements and details than a typical SBA loan.

As part of this process, you may be eligible for a $10,000 immediate grant, paid at $1,000/per employee up to 10 employees. 

To know what documents are needed and more about the process - click here.


PPP - Payroll Protection Program
Last updated April 22, 2020

Recently funds were tapped out and millions went to franchises of large corporations. On Tues, April 21, the Senate passed legislation that the House will look at this week, will the President signing off on hopefully by the end of the week, that includes an additional $320 billion for the Paycheck Protection Program.  You can learn more in this article from Bloomberg.

For the PPP, you will work with a lender, not the SBA. We also are seeing clients who've had success are working with a small, community bank vs a big banks. Not all banks are SBA approved lenders. Some banks have declared they will only work with existing accounts, so if your bank isn't an approved SBA Lender, you may have a hard time finding another bank. Here's a link to approved SBA Lenders and if you need to find additional sources, we've had clients who've had success with Fundera and Paypal.

The PPP is meant to help you keep people employed between now and June 30, 2020. The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (at least 75% of the forgiven amount must have been used for payroll).

If you use the money on other things and it's not forgivable and may carry other fines or penalties. The remaining unused balance after June 30, 2020  turns into a loan, that you'll have to repay within two years of the date you received it and will have a very low interest rate of 1%. Loan payments will be deferred for 6 months.

In addition, no collateral or personal guarantees are required, unlike other types of loans. Learn more here.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.  Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

To apply, you need to find a bank who is servicing these loans.

Find eligible lender with the SBA

Other lending options include Fundera & Paypal, amoung others.

PPP Affiliation Interim Final Rule PDF

PPP Application to be prepared for your lender

FAQ Sheet with lots of details - May not have the most up-to-date info since it's always changing. However, it's a good start to getting the finer details of the program.

PPP Potential Paperwork Requirements - What we've gathered from Members.

PPP Calculator (for informational Purposes only) -- Not official SBA or Lender Calculator
Other Lending Opportunities 

Credit SuiteCredit Suite helps you get business credit for your EIN that’s not linked to your SSN with no personal credit check or personal guarantee. Get approved even when you can’t qualify for a business loan with no cash flow or collateral requirements. Alternative Lending Options Assistance with the process. Speak to the team at Credit Suite for a complimentary consultation - sign up here

Standard SBA Loans (general lending available for business growth). You will apply for these with a local SBA approved lending bank. These have a longer approval process. A few more hoops to have to jump through but are available. Learn more here

Facebook Grants

Divider Text
Employee Information

There are a variety of ways to get funding. We've listed some here.

  1. US Department of Labor - The DOL has resources to help workers and employers prepare for the COVID-19 virus. From workplace safety, hours, wages and leave to unemployment insurance and more - you'll find a lot of information on this website.
    Learn more here.

  2. Employee COVID-19 Paid Sick Leave & FMLA Rights Poster - Also known as the Families First Coronavirus Response Act (FFCRA), you must print and display this sign or distribute via email to all workers. Click Here.

    FFCRA Paid Sick Leave & FMLA $$ Estimator

  3. Unemployment information will vary state by state. Visit this site to help find your states information. Click Here.

  4. Health Information provided by the CDC - Click Here.

Divider Text
Discussion with Rich Rose + Candace D'Agnolo
Cutting Expenses & Dealing with the Anxiety this is bringing when it comes to money. This is a training we did for our Pet Boss Club Members that we're making available to you. If you'd like to join our waitlist for the Pet Boss Club you can do so here - enrollment will be opening soon!
Divider Text
Employee Paid Sick Leave & FMLA Discussion
with Candace D'Agnolo

There's a lot of noise to break through when it comes to knowing exactly what to do for the paid sick leave & FMLA. This is a training we did for our Pet Boss Club Members that we're making available to you. If you'd like to join our waitlist for the Pet Boss Club you can do so here - enrollment will be opening soon!


PART 2 - Additional Questions Answered 

Divider Text
Hear what others have to say!

Join our Pet Industry Facebook Group
Divider Text
Want expert support & a community like no other?

Consider joining the Pet Boss Club!

Enrollment opening soon!
Be the first to know when it opens!