A quick update this afternoon.

Attached please find information for those of you doing business in the NYC area and a loan program the city has made available. If you have not already done so, you may find this of value.

We continue to work hard fulfilling our clients financial needs especially in the area of making loan requests where appropriate. The banking industry seems to be catching up and, depending upon the bank, they are requesting additional information. We can honestly say that no two banks are alike in their process or document needs. If you have questions on your particular process we have probably already dealt with it in some manner and are here to help. Citibank has now gone live. If you are a customer and have not yet received notification please visit the following link:

https://online.citi.com/US/JRS/pands/detail.do?ID=paycheck-protection-program

Please be advised that most banks are requesting payroll documents for 2019 as well as copies of tax returns. Make sure you have these forms available, especially for payroll: Form 941’s, W-3 and W-2’s and Form 940. If you have not yet completed either your business tax return for 2019 and/or your personal return which include a schedule C, now would be a good time to do so.

Don’t hesitate to email or call us.

Stay healthy and let’s flatten the curve.

From the partners and Staff at LHF