Gateway Capital Funding, LLC

04/14/2020

We are helping businesses to get what they need and there have been some changes.
On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). The Advance is available as part of the full EIDL application and will be transferred into the account you provide shortly after your application is submitted. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.

04/08/2020

Get your PPP and EIDL in to us immediately!!!
There is about a 2 week time on processing the application itself. People are freaking out. 80% of businesses we have spoken to have been turned away because they have not filled out the paperwork the way the SBA needs them too.
Also, you can get UP TO $10,000 instant loan but the application process has gotten very complicated and most of the banks are not willing to take time to do this.
We are helping people get more money because we are a financial institution and we do this on a daily basis.
We will help you through the ENTIRE process.

Https://info.gatewatcapitalfunding.com

03/30/2020

We are now processing these CARES Act grants/loans for you.
Last week, the U.S. Congress passed and President Trump signed into law the CARES Act (the Coronavirus Aid, Relief, and Economic Security Act) — a significant piece of legislation that seeks to provide approximately $2 trillion worth of economic assistance to consumers and businesses.

As a part of the new legislation, the Small Business Administration (SBA) has created a nearly $350 billion loan program called the Paycheck Protection Program. This program is available to businesses with 500 or fewer employees to help with payroll, rent, utilities, healthcare costs and more. The SBA has also expanded a number of their existing programs, including the Economic Injury Disaster Loan program.

The federal government is currently finalizing the details and protocols about how and when different programs and relief will be implemented, and how Bank of America as a financial institution will help facilitate the ex*****on of these programs.
If you believe that you will qualify for relief from the CARES Act:
Although details are still being finalized, some documentation may be required when applying for a program when it becomes available.

Based on the legislation, it may be helpful for interested business owners to gather the following information about their business:
2019 Payroll — including the last 12 months of payroll
2019 Employees — 1099's for 2019 employees and independent contractors that would otherwise be an employee of your business. (Note: Do NOT include 1099's for services)
Healthcare costs — all health insurance premiums paid by the business owner under a group health plan.
Retirement — your company retirement plan funding paid for by the company.
https://gatewaycapitalfunding.com

03/30/2020

We are processing Government grant and loan money for small business, some forgivable as long as your small business meets all requirements. Please read this post to learn more and reserve your place in line when it goes live.

The COVID-19 pandemic continues to evolve and Gateway Capital Funding seeks to be responsive to the fluidity of this situation and keeping our clients up to date.

As more and more government entities release new and sometimes conflicting guidance, we wish to reiterate that each owner/operator must interpret the guidance applicable to their marketplace and respond accordingly. We will continue to work with state and local government in hopes of providing clarity as it relates to the small business industry.

GCF stands ready to serve our clients as we navigate through this ever-changing landscape.

UPDATE ON STIMULUS PACKAGE Passed Yesterday by Congress - President Donald Trump has signed legislation Congress approved yesterday that will allocate a massive amount of funding to help small business and workers through the COVID-19 outbreak. Small businesses are among those that will benefit.

The legislation includes a number of proposals aimed at supporting small businesses that have been hard hit as the pandemic has forced businesses to shutter in accordance with social-distancing orders from state and local officials across the country.

Here is the full text of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Some researchers have estimated that the federal government may need to supply up to $1.5 trillion in liquidity to businesses that employ 500 or fewer people if the coronavirus emergency to last three months. That’s obviously a much larger amount than the Senate plan currently provides.

The legislation supports American small businesses in the following ways, according to policy experts:

• A $350 billion forgivable loan program designed to ensure that small businesses do not lay off employees

• A 50% refundable payroll tax credit on worker wages will have further incentives for businesses, including ones with fewer than 500 employees, to retain workers

• Looser net operating loss-reduction rules that will allow businesses to offset more

• A delay in employer-side payroll taxes for Social Security until 2021 and 2022

• Sole proprietors and other self-employed workers could be eligible for the expanded unemployment-insurance benefits the bill provides

• A portion of the $425 billion in funds appropriated for the Federal Reserve’s credit facilities will target small businesses

How does the $350 billion small-business loan program work as we know at this point?

The Small Business Administration, under the stimulus package, will oversee the Paycheck Protection Program, which will distribute $350 billion to small businesses that can be partially forgiven if the companies meet certain requirements. The loans will be available to companies with 500 or fewer employees.

“The SBA loans strike a balance between loans on favorable terms and grants by providing forgiveness to firms that use loaned funds for payroll, rent, mortgage interest, and utility payments,” said Garrett Watson, senior policy analyst at the Tax Foundation, a Washington, D.C.-based think tank. This ensures that the firms “have skin in the game” while also giving businesses a better chance at surviving the pandemic, he said.

Loans will be administered by banks and other lenders, which American Enterprise Institute resident scholar Stan Veuger said “will hopefully speed up the process.”

Businesses can receive loans up to $10 million, based on how much the company paid its employees between Jan. 1 and Feb. 29. The loans will carry an interest rate up to 4%. The bill provides for an expedited origination process.

If the business uses the loan funds for the approved purposes and maintains the average size of its full-time workforce based on when it received the loan, the principal of the loan will be forgiven, meaning the company will only need to pay back the interest accrued.

GCF will host a webinar on the impact and implementation of the Stimulus Package once the details are analyzed and appropriate information is available. Again we are here to support our clients but please remember it is the responsibility of our clients to make the best decisions for their business; their customers and employees.

Thank you for your continued patience.Please contact us if you have any questions.

03/30/2020

With President Trump's plans comes good news for small business, GO to our website NOW and fill out the contact card. This forgivable loan/grant will be first come/first serve.
Veteran owned businesses, Non-profit to include churches and self-employed.
https://Gatewaycapitalfunding.com

03/16/2020

Interested in investing in multifamily units? We close them in 2 weeks on average. Yup, we do that!

03/16/2020

To Our Valued Clients,

As our communities continue to feel the increased impact of Coronavirus, we feel it is important to share with you how we plan to continue lending responsibly.

As of today, we are looking more closely at impacted areas, impacted industries, and how month-to-date cash flow is impacted. We will continue to be prudent in our underwriting and responsible in our decisions. The Executive Team at Gateway Capital Funding has navigated treacherous waters, not only in our history, but also our 20+ years in Financial Services arena. We will keep you posted.

We appreciate your patience as we navigate this challenging situation one day at a time to determine how we can best serve our partners, our merchants, and our employees.

Should you have any questions, please reach out to your Account Executive directly.

In Trust,

Gateway Capital Funding, LLC

03/04/2020

GCF is here to help you when you really need it. We not only fund your loan quickly, we are with you all the way through.
Like we say, "We're here for your success, We're GCF!"

03/03/2020

Here it right here directly from our happy clients, Thanks John for allowing us to be there for you!

"I could write a book on the success stories of developing my first car wash, it was a ground up project and both Pete and the staff at Gateway were there the entire time, without them, there would have been no project. I strongly encourage anyone seeking a loan for a car wash or any other commercial project, call this firm, additionally they provided me consulting services at every level of my business throughout the project, and remain as my consultant today."

- John G.
West Palm Beach, Florida

03/03/2020

At Gateway Capital Funding, we assist seasoned entrepreneurs to expand and build out franchised hotels, multi-use office space, or assisted living facilities!

Contact us today to learn how we can help you to scale your business!

CONSTRUCTION LOANS Gateway Capital Funding, LLC Construction Loans assist seasoned entrepreneurs to expand and build out franchised hotels, multi-use office space, or assisted living facilities. They begin with interest-only payments, enabling the business to begin operations before principal payme...

03/01/2020

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