The PennZone

NEW YORK - PennZone -- Class Claims LLC has established a practice to assist businesses with obtaining emergency relief authorized by the United States government.. The United States government has authorized $350 billion in loans in grants to be made available to small businesses for emergency loans and payroll protection loans. Emergency loans are limited to $10,000 and may be applied for in a streamlined process. Payroll protection loans, while streamlined, still require a financial institution and a loan officer to act as underwriter. Those loans will first become available on April 3, 2020. Jonathan Johnson, an attorney for Class Claims, stated that, "I anticipate there there is going to be difficulty processing the volume of applications for payroll protection loans in a timely fashion due to the shortage of underwriters authorized to approve SBA loans." The anticipated volume of payroll protection loans is about ten times the amount processed in a normal year. Businesses have obligations to document payroll to obtain those loans, and the loans are only forgiven if used for purposes approved by the government, such as payroll, rent, utilities and existing obligations. The loans are supposed to be available to all the businesses which have been closed as a result of the corona virus epidemic, but they may be challenging to obtain. In addition, they may run out because the total amount of funds available to be loaned is currently limited by Congress.

More on The PennZone

• Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
• Shelter Structures America makes European debut at TEMPOR EXPO 2026 in Fulda, Germany
• The Culture and Travel Report Enters a New Chapter as Travel and Hospitality Brands Take Notice
• Regcrest LLC Publishes Free 50-State Tax Account Closure Checklist Tool
• HydroExcavation.com Relaunches With Exclusive Local Service Areas and Dedicated Hydrovac Manufacturer Directory

Class Claims LLC is representing clients on a contingency fee basis. The firm is charging a $500 flat fee payable when the client receives the loan for emergency loans, and a 15% fee payable with the client receives the loan for payroll protection loans. A link to the firm's video presentation is https://youtu.be/Nd4jRQRPl-o. To date, the firm has received over 400 calls from businesses around the United States that have been closed by the pandemic. The firm may be located online at www.class.claims. The firm expects to be in the forefront of the claims process for businesses that need assistance.



Jonathan Johnson may be reached by email at jwj@class.claims, or 404-298-0795. He has been an attorney litigating mass disaster cases since 1993.