DJM is committed to creating inspired places where people thrive. We are working diligently to support our employees, communities, merchants, and investors through this time. We understand that everyone is affected by this in different ways and we will continue to find ways to work together though this trying time.

In an effort to connect you with programs and ideas that may help, we’re providing the following list of resources, intended for informational purposes only.

Financial Resources

The recently passed CARES Act (Coronavirus Aid, Relief and Economy Security Act) provides the substantial capital needed to fund the programs that may benefit your business in an expedited manner. There are programs to help meet the needs of small business owners impacted by Covid-19 for payment of payroll, paid sick leave, business obligations, rent and utilities.

Note: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

SUMMARY: There are two key SBA small-business relief programs:

1) Paycheck Protection Program (PPP) (up to $10m loan, which is forgivable if you meet certain milestones on maintaining your payroll);

The PPP loan application  HERE:

• Go to the SBA PPP page and “find a lender” (if possible, work through your existing lender)

• Here is the template form that your lender will ask you to fill out

• The US Chambers Of Commerce has a great guide on calculating your loan.

• Here is a 31-page official FAQ PDF

2) Economic Injury Disaster Loan (EIDL) & Grants (you can receive a $10k cash advance within 3 days of applying for up to $2m of an Economic Injury Disaster Loan (EIDL)); according to the government, “the $10k advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.”

The EIDL application HERE.

You are allowed to participate in BOTH programs, but there are restrictions (see below). 

Two other SBA Loan options that may apply to you:

• SBA Express Bridge Loans: Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

• Debt Relief For SBA Loans: The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

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