The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)

The information below was provided by SD Associates, Certified Public Accountants & Business Advisors. o: 215-517-5600 e: hsiegal@sdaccounting.com   On March 25, 2020, the Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act provides much needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by … Continued

Federal, Pennsylvania, & Philadelphia Covid‐19 Loan Offerings

The information below was provided by SD Associates, Certified Public Accountants & Business Advisors. o: 215-517-5600 e: hsiegal@sdaccounting.com Below is a summary of the Federal, Pennsylvania & Philadelphia Covid-19 Loan Offerings:  SBA Disaster Loans ‐ Requirements include having acceptable credit history, demonstrate ability to repay loan, and collateral for all loans over $25 (real estate … Continued

27XX N Garnet St, Philadelphia PA 19132

Total amount funded: $80,000 Appraised value: $134,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

24XX N 16th St, Philadelphia PA 19132

Total amount funded: $84,000 Appraised value: $140,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

1XX Washington Ave, Atco NJ 08004

Total amount funded: $133,000 Appraised value: $222,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

31XX Westmont St, Philadelphia PA 19121

Total amount funded: $60,000 Appraised value: $100,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

20X W Wood St, Norristown PA 19401

Total amount funded: $105,000 Appraised value: $175,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

3XX W 7th Ave, Collegeville PA 19426

Total amount funded: $242,000 Appraised value: $346,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

22XX Naudain St, Philadelphia PA 19146

Total amount funded: $720,000 Appraised value: $1,200,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

26XX N 31st St, Philadelphia PA 19132

Total amount funded: $88,000 Appraised value: $150,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee