CARES Loan Application Process


If you’re just starting the process of applying for a CARES loan, and everyone is just starting, please don’t hesitate to reach out to Betsy Lynch at Lynch Sharp & Associates, LLC. She can help answer your questions about the application process – where to go, what documents you’ll need to apply, and what to expect. She can make sure you fully understand what you can – and what you can’t – spend the proceeds of your CARES loan on in order to maximize forgiveness of the loan by the federal government. In a year, you DON’T want to be left carrying a huge amount of debt because you misused the funds. Ask for help! We’re here to help you.

  1. Step 1: Lots of information on the application process is available at
  2. Step 2: Contact a lender you already have an established relationship with OR contact one of our recommended lenders below:
  3. Step 3: Gather the necessary documentation for the loan application. Your lender will likely request the following:
    • Most recent tax return filed with the taxing authorities
    • Evidence of your EIN
    • Recent Profit & Loss Statements evidencing the following expenses: Rent or Mortgage payments, Utility costs, Interest on payments servicing other debt obligations, Health Insurance Premiums, Benefits payments, Taxes, and Payroll (most important). **You’ll also need to provide proof of these expenses prior to 2/15/20.**
  4. Step 4: Complete a sample application prior to applying to make sure you have all necessary information
  5. Step 5: Apply! Lenders can begin processing applications on April 3, 2020 through June 30, 2020.

If you need assistance applying for a loan during the COVID-19 epidemic, please contact Betsy Lynch at 816-217-4776 or