foreUP Creates Resources on COVID-19 SBA Paycheck Protection Program
foreUP, a longstanding service provider for the golf industry, last week created reference documentation to help courses and clubs navigate the SBA’s new Paycheck Protection Program. The information has been distributed to foreUP’s customer database, and is viewable to the public on the company’s Resource Center.
The Paycheck Protection Program, offered through the Small Business Administration (SBA), is a critical component of the CARES Act that may help courses weather economic hardship with its $349 billion in loans for small businesses, sole proprietors, independent contractors, and 501(c)(3) nonprofits.
foreUP gathered information in advance of further details, which have continued to come from the SBA. The article will be updated on their website weekly, but readers are reminded to also consult with their own financial advisors and bankers.
The question-and-answer style document addresses the questions:
- What can the loans pay for?
- How much of a loan can I receive?
- Am I qualified for a loan?
- What about fees and other eligibility tests?
- What are the terms of the loan?
- What is required for loan forgiveness?
- When will I have to make payments?
- What do I do next?
The article references an SBA.gov page that lists the top 100 SBA lenders.
The information is provided by foreUP CFO, Scott Cleghorn, and updated as new information becomes available.
About foreUP Golf Software
foreUP offers a simple, all-in-one solution to a golf course manager’s most complex operational struggles. From tee sheets and point of sale to F&B and inventory, foreUP’s wide array of cloud-based SaaS tools are the easy solution to the time-consuming and frustrating manual processes or one-off software solutions commonly in use at golf courses. Powerful integrations with other industry leaders mean you always have the solution you need. Learn more at foreUP.com.
To learn more about foreUP and what they are doing to help courses get through this crisis, you can view COVID-related resources on their website, or contact a consultant.
Media Contact
Amy LaVange
marketing@foreup.com
