Brightpoint Development Fund Response to Coronavirus (COVID-19)

Communities around the world are facing an unprecedented disruption in every aspect of their lives due to the coronavirus outbreak. The weeks and months ahead will be a challenge for every one of us. Brightpoint Development Fund is here to help you overcome the challenges created by this health crisis.  As of right now, here are a few things to be aware of but we will continue to update this page and send out information directly.

What Financial Relief Programs is Brightpoint Development Fund Offering?

Due to the high demand of financial relief from our communities, we created a specialized COVID-19 Express Loan for current businesses impacted by the outbreak. This loan product is designed to help any business experiencing financial hardships due to COVID-19.

BDF COVID-19 Express Loan

• Up to $20,000
• No cost upfront
• Limited documentation required and streamlined review process
• Immediate deferred payment options available

How to Apply

Submit the BDF COVID-19 Express loan application, along with the required documents found on this page. Once you have completed all documents, you can upload them securely here. You can also reach out to our office at (260) 423-3546 ext 215 or bdf@mybrightpoint.org with questions or alternative submissions.

Required forms List:

BDF COVID-19 Express Loan Application
Credit & Background Check Authorization Form
Statement of Liabilities Form
Cash-flow Projection Statement

Other required documents:

One Personal Utility Bill
Three Months of Personal Bank Statements
Three Months of Business Bank Statements
Two Years of Personal and Business (All Schedules) Tax Returns
Once all documents are completed, you can upload them using the secure upload button below

 

SBA Economic Injury Disaster Relief Resources Available Nationwide

Health and government officials are working together to maintain the safety, security, and health of the American people.  On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.
The CARES Act established the following new temporary programs to address the COVID-19 outbreak:
Paycheck Protection Program
o This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
o Apply and Learn More
Paycheck Protection Program (PPP) Loan Forgiveness Application
o The form and instructions are now available to apply for forgiveness of PPP loans, consistent with the CARES Act.
o Apply and Learn More
EIDL Loan Advance
o This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
o Apply and Learn More
SBA Express Bridge Loan
o Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
o Apply and Learn More
SBA Debt Relief
o The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
o Apply and Learn More
Update: The Economic Injury Disaster Loans now include a $10,000 advance that can be delivered within 3 days. Applications are open now.

For Borrowers who have a loan with Brightpoint Development Fund

Brightpoint Development Fund is prepared to provide loan deferments to our small business loan customers during this critical health and economic period.
Whether you’re in hardship now or looking to prevent one, we are offering over-the-phone coaching sessions to explore relief options, help you create your financial plan and connect you to additional resources.
To sign up, contact us at bdf@mybrightpoint.org or call 260.423.3546 ext 257. Thank you for your time and we will update this page and send emails as we have more information.
Stay safe!
~Bdf Team