Real Estate Investing in Florida » CARES Act https://investfloridashow.com Property Investment Podcast Fri, 24 Jan 2025 20:40:28 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 Looking for an edge in the real estate investment market? Not sure which markets or market segments offer the best opportunities or which strategies to implement? You have come to the right place….Hosts Eric Odum and Steven Silverman blend decades of combined experience in the Florida real estate investment market along with their expert guests covering topics in lending, investment strategies, property management and development…. giving you actionable investment ideas each and every episode you can use to learn and grow….all with a Florida twist. So, sit down….turn it up….and get ready to learn how experienced investors grow their cash flow and achieve their real estate investment goals. This is the “Invest Florida – Real Estate Show” Eric Odum, Steven Silverman no Eric Odum, Steven Silverman eodum@floridatriplenet.com eodum@floridatriplenet.com (Eric Odum, Steven Silverman) ©2014 InvestFloridaShow.com Actionable real estate investing ideas each and every week. This is a podcast for every real estate investor looking for cash flow opportunities - the difference is, we offer a Florida twist. Florida investment real estate, apartment investing, retail investing, triple net properties, florida development, property management, investment ideas, multifamily, single family, foreign investors, passive income, syndicated real estate Real Estate Investing in Florida » CARES Act https://investfloridashow.com/wp-content/uploads/2014/10/Cover-Art.jpg https://investfloridashow.com Tampa, FL Ep. 200 Owen LaFave: The CARES Act Paycheck Protection Program https://investfloridashow.com/ep-200-owen-lafave-cares-act-paycheck-protection-program/ https://investfloridashow.com/ep-200-owen-lafave-cares-act-paycheck-protection-program/#comments Sat, 04 Apr 2020 18:27:46 +0000 https://investfloridashow.com/?p=2118 Don’t miss a single show! Get the Invest Florida Show Mobile App! Click here—-> Apple Android The CARES Act Paycheck Protection Program (and how it can help small businesses) Congress just recently passed the Federal Coronavirus Relief Bill referred to as … Continue reading →

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Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

The CARES Act Paycheck Protection Program (and how it can help small businesses)

Congress just recently passed the Federal Coronavirus Relief Bill referred to as the CARES Act. The centerpiece of the CARES Act is the $350 billion Paycheck Protection Program (PPP) which is designed to help small businesses such as real estate investors / agents, landlords, business operators, etc.. continue to make payroll at their staff’s current pay rate as well as cover key expenses by offering low interest rate loans with forgiveness potential.

Today we talk with Owen LaFave, Pinellas County market president for the Bank of Tampa, about the CARES Act PPP loans including who is eligible, what loan amounts are possible, and whether the loans are forgivable. Just remember that the PPP loans will be distributed on a first-come, first-serve bases, so you should get with your banker as soon as possible since the stimulus funds are limited and will eventually run out.

Here are some helpful documents related to this podcast discussion:
Key Discussion Points
[01:01] Opening remarks by Eric Odum
[04:00] About our guest: Owen LaFave
[08:35] Discussion about Payrol Protection Program (PPP) / CARES Act ($2T stimulus package)
[11:08] Discussion about role of SBA / Banks for PPP loans
[15:34] Will the PPP loan funds be forgiven?
[17:11] Who is eligible to receive PPP loan funds?
[18:35] What criteria determines the loan amount a business can get?
[20:10] Closing remarks by Owen LaFave
[22:24] Eric’s Closing Remarks

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Added April 6, 2020

 New SBA Guidelines….

About our Host

owen_lafave_website Owen LaFave is the Pinellas County market president for the Bank of Tampa. Owen is a well known presence and leader in our market for over 20 years. He has been intricately involved in handling and mobilizing the bank’s reaction to the federal CARES Act, and he also is overseeing and involving himself in bank operations and credit monitoring as we navigate this COVID pandemic crisis.

 

website:   https://www.bankoftampa.com

 

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