AILA Members and Friends:
I know that many members are scrambling to understand borrowing options for their companies during this uncertain time. Reviewing the information that is coming from so many sources is like trying to drink from a firehose.
I received the attached memorandum from the Kassouf & Co., P.C. accounting firm yesterday that I think is one of the more succinct analyses of options that I have seen. I have obtained the permission of Kassouf to share this with you. (Interestingly, they have told me this morning that some of the required documentation discussed in the memorandum already requires addition.)
I have previously forwarded to you a good summary that my partners have prepared on SBA loans; and, I previously sent out a summary of a loan opportunity through the Birmingham Strong Fund (for companies domiciled in the City of Birmingham).
Please let Sam or me know if we can assist you with any of these programs.