CARES Act Loan Program -- Summary And Key Considerations

Let's keep this simple and concise.

River Capital Partners is in touch with various lenders across the United States that will be making these loans. These lenders are now figuring out how the loans work, what forms are needed, etc. Borrowers will need to provide certain financial and other information.

If borrowers comply with the loan requirements, the entire loan balance is FORGIVEN. Repeat: the entire loan balance is FORGIVEN.

Lenders are already inundated with loan requests. Thus, to "get in line" it's important to approach lenders now.

Some tips [NOTE: this is not all inclusive] --

++ Determine if your organization qualifies. Key considerations include having less than 500 employees; some employees that make less than $100,000/year; not laying off employees making less than $100,000/year [or will hire them back]; the organization was in business prior to February 15, 2020, etc.

++ Make sure the lender[s] you approach are making these loans, since not all banks and lenders will participate in this program.

++ Loan size - up to a maximum of $10 million.

++ Uses of the money include payroll expenses, utilities, mortgage interest payments, etc.

++ Certain non-bank lenders are making these loans.

++ Get the required information together now. Do not wait.

Attached is a summary of the program. Contact me for more details, River Capital Partners is assisting companies with accessing these loans.

Sam

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Sam McNeil, Managing Director

River Capital Partners LLC, Charlotte NC area

smcneil@rc-advisors.com, 512-814-7411 direct

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