Cocard, Pearl River NY

Lou Maresca

Cocard

About Us

President of CoCard Of Nyack. I've been in Merchant Services for 20 years. We provide credit card processing, point of sale systems, business software.

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"industry expert!"
"He's got a green thumb!!!"
Recent Activity

Lou from Cocard Answered this on April 03, 2020
PPP loan spending guidelines are listed on the SBA.GOV/Disaster website. 75% must paid in salaries. 25% can be used for rent, utilities, interest on debt. The rate is 1% and after 7 weeks of the money was used correctly? The loan will be forgiven but not the 1%. EIDLE (economic injury disaster... (more) PPP loan spending guidelines are listed on the SBA.GOV/Disaster website. 75% must paid in salaries. 25% can be used for rent, utilities, interest on debt. The rate is 1% and after 7 weeks of the money was used correctly? The loan will be forgiven but not the 1%. EIDLE (economic injury disaster loan, is up to 2 million. 10k can. be advanced in 3 days. If u take the advance you can still refuse the loan and keep the 10k. SBA loan has less spending restriction, it’s 10 years at 3.75% but must be paid back, it’s a loan. SBA EXPRESS $350k line of credit 4% also must be paid back. Businesses need to do the math and figure out, is it better to put employees on unemployment OR take the grant and keep 90% of the staff working ? I can walk anyone through this application , It takes 15 minutes starting Friday 4/3 .   it’s free to apply for the the business owner. SBA compensates us to send in applications. Office 888-675-6060 Cell 914-907-8071

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