Needham, Mass. Firestone Financial, a subsidiary of Berkshire Bank, recently released a COVID-19 Relief Guide, providing customers with an overview of federal assistance for customers seeking aide for COVID-related business losses. The Relief Guide includes SBA programs and IRS credit options for small businesses.
"We developed this eBook as a resource all of our customers, or any small business, can use to help determine the best forms of assistance for their specific situation as well as ways to combine programs to maximize their benefit," said Michael Smith, Executive Vice President, Chief Operating Officer of Firestone Financial.
The eBook contains an overview of major SBA programs, usage guidelines, application information and deadlines. Specific information included in the guide includes:
- Paycheck Protection Program (PPP)
- Shuttered Venue Operators Grant (SVOG)
- Employee Retention Credit (ERC)
- COVID-19 Economic Injury Disaster Loan (EIDL)
- Restaurant Relief Fund (RRF)
- Cross-program Eligibility Quick Guide
- Program Comparison Quick Guide
The full eBook can be accessed at here.
"Since the start of the pandemic last year, Firestone has been 100% focused on helping our customers," said Smith. We moved from proactive outreach with offers of deferrals last March, to on-going flexibility and guidance from our lending team. As we're getting closer to a return to normal, we view this eBook as a source of information on the SBA and IRS programs that our customers may qualify for to help them as they gear up for a full reopening and recovery."
ABOUT FIRESTONE FINANCIAL
Founded in 1965, Firestone Financial is a nationwide finance company serving the amusement, carnival, fitness, vending and laundry industries. The Company is a wholly-owned subsidiary of Berkshire Bank. Interested parties can learn more about Firestone Financial at www.firestonefinancial.com or by calling Firestone Financial at 800- 851-1001.