Receive government funding
How Does It Work?
Receive government funding
Let Seek Capital’s team navigate the complexities of this new program, handle the overwhelming paperwork and get you the maximum funds you are eligible for, as quickly as possible.
Practical Scenario: If you have 10 employees and qualify for the max of $33,000 per employee, you will receive $330,000 in direct payments from the Federal Government via the IRS.
If you have 50 employees and qualify for the max of $14,000 per employee, you will receive $700,000 in direct payments from the Federal Government via the IRS.
What Makes Us Move Forward
We Provide an 11-Star Experience
At Seek, we are just as proud of the work we do for our clients as we are the work we do for our entire team. It is our strong belief that if our team is treated well, our clients will be treated well, too.
Seek Capital was founded in 2014 with a commitment to helping small businesses achieve their dreams by providing the funding they need to get their business off the ground.
Employee Retention Credit
The ERC is a tax credit that was included in last year’s Coronavirus, Aid, Relief and Economic Security (CARES) Act as a way to help small businesses survive the economic downtown and keep their workers employed. With the ERC, businesses can either get reductions in federal employment tax deposits, or request tax-credit advances for amounts that aren’t taken care of by the deposit reductions.
If you’re not familiar with the employee retention credit, you’re not alone. The ERC has received much less attention than other COVID relief programs, such as the Paycheck Protection Program and Economic Injury Disaster Loan, because the ERC initially included restrictions that disqualified many small businesses.
Fortunately, many federal stimulus programs have greatly expanded the number of businesses that can claim the credit, while also increasing the amount of money that can be claimed. Among the most important changes was that PPP loan recipients can now also apply for the ERC.
Food & Beverage Grant
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Eligible entities who have experienced pandemic-related revenue loss include:
- Food stands, food trucks, food carts
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars
- Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
- Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
- Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
- Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
- Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
- Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
Live Venues Grant
The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Museum operators
- Motion picture theater operators (including owners)
- Talent representatives
Other requirements of note:
- Must have been in operation as of February 29, 2020
- Venue or promoter who received a PPP loan on or after December 27, 2020, will have the SVOG reduced by the PPP loan amount
Long Term Government Loans
The SBA is providing government loans that provide economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. The loans can help you meet financial obligations and operating expenses that could have been met had the disaster not occurred.
- Up to $500,000
- 3.75% fixed interest for businesses
- 2.75% fixed interest for non-profits
- 30-year maturity
- Can be used for working capital and operating expenses.
FAQs We're here to help
Since there are so many options for equipment financing, it’s important to know your options and how the process works. To help, we’ve answered some of the most common questions that those in need of equipment finance might ask.
- We'll do the work so you don't have to!
- Seek Business Capital could help you get government funding to help recover losses from the COVID 19 Pandemic Contact us today!
- Free eligibility check!
- Seek Capital can help you find out if your small business qualifies today!
- Fast and easy process!
- Simply enter your company information into our application form to see if you qualify for government assistance through the ERC, RRF, or EIDL!