Cash Discount Program Credit & Debit Card Processing Gift & Loyalty Programs Digital Conceirge
CHFS Discount Mall Client Services & Support Merchant Cash Advance & Loans Security ACH & Check Processing
Covid-19 Aid, Relief and
Economic Response
Senate leaders have unanimously passed a historic bill to provide economic relief for Americans, businesses and the health care industry in response to the coronavirus pandemic. There are two programs available to business owners:
PPP (Paycheck Protection Program)
EIDL $10,000 Grant (Economic Injury Disaster Loan)
How Can We Help?
C&H is offering the following services to assist you through the maze of the stimulus package
To help our merchants apply for the PPP, EIDL and SBA Assistance Programs, C&H Financial Services has partnered with Launchpad Lending to help expedite the paperwork process.
$499| All Merchants
All Applications
*PPP Application is a Free Service
-
Paycheck Protection Program (PPP) up to $10M at max 1% interest and up to 75% forgiven for Payroll purposes. No payments for 6-12 months.
-
EIDL is a (up to) $10,000 Grant (The advance does not need to be repaid under any circumstances)
Northern California and Tennessee
Business Owners
C&H Financial Services partner HaneyBiz is offering merchants Crisis Support, including unlimited accounting support for 30 days. HaneyBiz will apply merchants for PPP, EIDL and SBA Government programs during this time. Fees are based upon business type. Mention code C&HFIN for a 5% Discount:
$250 | Sole Proprietor
$500 | Small Business
$999 | Medium Businesses
Mention Code C&HFIN and Receive a 5% Discount!
The following documents MUST provided for SBA Paycheck Protection Program
-
SBA Form-2483 (⇐ click here, complete, sign, and upload below)
-
Color Copy of All Owners Driver’s Licenses (front and back)
-
2019 Form 940 and 1st Quarter 2020 Form 941
-
2019 Full Year Payroll Report
-
2020 Payroll Report ⇒ 2/15/2020 (or nearest date)
-
Here is the Required information you need to prepare:
-
# of employees as of 12/31/19
-
# of employees as of 2/15/20
-
2019 gross annual business income (revenue)
-
2019 Cost of Goods Sold (listed as "COGS" on tax returns) (this is cost of goods BEFORE taxes, deductions and depreciation)
-
Avg monthly payroll over last 12 months (we can glean this info from their 940/941 forms too btw)
Label all of the documents appropriately prior to uploading
(i.e. label John Smith's driver’s license as "John Smith's Driver’s License", etc.). You can submit for both. The EIDL is used as an advance for the PPP and does not need to be repaid.
To apply directly or for more information:
Merchant Cash Advance &
Traditional Small Business Loans
Qualifying for a small business loan can be difficult, but a merchant cash advance or small business loan for your business can be a quick and easy alternative. That’s why we offer, as part of our merchant account services, fast access to a hidden asset, your future credit card receivables.
The merchant cash advance can be used for any business purpose, including: purchase of inventory, remodeling, equipment repair, pay off debt, expansion, emergency funding.
-
Your choice of Cash Advance or Loan
-
No collateral or personal guarantees
-
Less paperwork
-
Better qualifications
-
Funding within 10 business days
-
No points or upfront fees
-
No business use restrictions on the funding
-
No hassles – quick application & fast funding
-
Online Reporting
