To be prepared for Payroll Protection Program (PPP), please have the following ready and available:

1. PPP application form 2483 (blank form below) version 4/20 complete in its entirety by an authorized representative of the company, include addendum if requested (worksheet below);
2. Additional PPP info form – should add up to amount requested, your best guess as to how funds will be used (worksheet below); and
3. Supporting payroll information that supports the amount requested.  Further guidance on payroll calculations can be found at the Treasury web

Documents to support their payroll/loan amount request must be attached.  Supporting payroll documentation includes, but is not limited to: 

• 2019 W3
• 2019 IRS quarterly 940, 941 or 944 payroll tax reports
• 2019 business tax return
• 2019 personal tax return (if the business files as a sole proprietorship or single entity LLC)
• Third party payroll processing documents

WORKSHEET          BORROWER APPLICATION FORM

FIND A LENDER

On Friday, March 27, the President signed and enacted into law the Federal stimulus bill in response to the COVID-19 virus, known as the CARES Act. Many key provisions in the Act benefit small businesses and nonprofit agencies, including the small business loan programs administered through the U.S. Small Business Administration (SBA), like the Economic Injury Disaster Loan (EIDL) Program, and those directly administered through the CARES Act. known as the Paycheck Protection Program (P3). We created a comparison of these programs.

Continue to comparison of programs:

BLUE & CO.

All 501c entities are eligible to apply for a COVID-19 EIDL loan.  This includes sorority or fraternity organizations, house corporations and other similar nonprofit organizations. The loan provides working capital of up to $2 million to small businesses and can be used for payroll, accounts payable, debt payments and other bills that could have been paid had the disaster not occurred.

Blue & Co. can complete the application process with the SBA for organizations interested for a fee not to exceed $1,750.  Completing the application does not guarantee approval or fund payout.  Formal approval of loan requests will come directly from the SBA. 

DOWNLOAD DATA SHEET

The information requested in the attached form must be completed in its entirety and the form emailed to anovotney@blueandco.com. 

The LEAD1 Association, which represents the athletics directors of the 130-member schools of the Football Bowl Subdivision, and Teamworks, the leading athlete engagement platform for collegiate and professional organizations, surveyed more than 100 FBS athletics directors on their concerns, plans and goals in light of the current pandemic.

While this situation continues to evolve and new variables are introduced every day, ADs are faced with decisions that must be made now, based on the information that they have available. The “State of Athletics in the Face of Coronavirus” report reveals how they are approaching this unprecedented time and attempting to best serve their student-athletes and institutions.

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