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RECORDING: Online Forum with the SBA
LOUISIANA REALTORS • Apr 06, 2020
Louisiana REALTORS® hosted Jo Ann Lawrence, Deputy Director of the Deputy Director of the U.S. Small Business Administration Louisiana Office, and Susheel Kumar, Public Information Officer, for the U.S. Small Business Office of Disaster Assistance, Field Operations Center – West, to provide a high-level overview of SBA programs available to assist businesses during this current crisis.
With over 1,000 REALTORS from around the state tuning it, we have made this recording available for playback along with a copy of the presentation for reference. This recording is approximately 1 hour in length and provides information on various SBA programs available to assist REALTORS® who have experienced business losses and setbacks due to the coronavirus pandemic.
One important item to note is that good record-keeping throughout the process is essential. In order to apply and for funds to possibly be forgiven you will need to provide information and demonstrate the qualifying amount to your lender and/or the SBA. Additionally, the SBA has moved swiftly to make these funds available and the SBA and lenders alike are still putting some processes into place to administer these programs. We are all reminded to be patient, yet persistent.
It is difficult to determine what is best for each business owner’s situation. In real estate, there are a wide range of business models and what is right for one model may not be right for another. Therefore, Louisiana REALTORS® suggests you consult with your accountant and financial advisor or talk with your business banking institution to determine the option that is best suited for your needs. A consolidated list of the more common and general questions following the call will be posted at a later date.
For more information always check back to: SBA and LED Financial Assistance
and the U.S. Department of the Treasury - Assistance for Small Businesses
Last week, NAR President Kevin Sears checked in from the NAR Broker Summit, where he learned new tools to strengthen his business alongside several hundred fellow brokers. Next stop, Washington, DC for the REALTORS® Legislative Meetings, where we’ll show Congress our grassroots strength in action. We encourage you to watch Kevin’s video here to learn more about what NAR is advocating for this year at RLM. As always, the overarching theme is increasing access to homeownership. This video is also in the video section of our website. Stay tuned for Kevin’s next update.
Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer
Bill Tracking Report as of 4/19/2024
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