Category "Business"

Just in case you are looking for the actual form, here it is. You can take it to any bank or credit union. We worked with OneWorldBank and found the process to be simple and efficient.

Helpful resources:

OneWorkBank Forms: https://www.oneworldbank.com/sba_ppp/

Required documents to complete application:

  • PPP Loan Application
  • Funding Form
  • Owners driver’s license
  • 12months payroll, by pay period, with Summary totals and headcount (if you do not use a payroll service that collects and pays withholding taxes paid)
  • Business entity documents
    • Articles of incorporation/ certificate of formation
    • By-Laws/ Operating Agreement
    • IRS SS-4 for Tax ID NUMBER

Instruction Video for SBA PPP: https://youtu.be/dMrV3xTcFGE

SBA Paycheck Protection Program

  • Processor: Lender
  • Use of Proceeds:
    • Payroll
    • Mortgage Interest
    • Rent
    • Utilities
    • Interest on debt owed before 02/15/2020
  • Maximum Loan: 2.5 X Avg. Monthly Payroll for preceding 12 Months.
  • Interest rate: 1% Fixed
  • Term: No payments for 6-12 Months then up to a 2-year term
  • Forgiveness: up to 100%
  • Personal Guarantee: No
  • Collateral: None 

Instruction Video for $10K EDL: https://youtu.be/1AXQt1iI4C4

Here is the link to the SBA EDL: https://covid19relief.sba.gov

Tutorial for applying online for $10,000
Update – 4/10/2020

covid-19 sba sbappp surviveandthrive

HOUSTON, TX — Virtual-Q, today announced that it is expanding operations in Sugar Land Town Center. It will be moving to 2245 Texas Drive, Suite 260. The new offices will allow Virtual-Q to continue providing world-class IT services to customers as well as expand it’s Network Operations and Security Center (NOSC).

“We are excited about the new office and look forward to servicing our customers better”, said Victor Quiñones, the CEO of Virtual-Q

About VIRTUAL-Q

Virtual-Q, a Houston-based company, has developed breakthrough technology called ‘The Q” for enterprise cloud computing.  The Q provides the capabilities of desktops and laptops, but with all of the processing performed, and the data residing in a secure datacenter. The Q helps organizations improve worker productivity, reduce their total cost of ownership, assure business continuity, safeguard sensitive data, improve compliance, and leverage their existing IT investments.  The company’s proprietary virtualization technology represents a new paradigm for Computing-as-a-Service (CaaS), delivering a complete, cloud-based IT environment accessible from virtually any Internet-connected device, including iPads and iPhones. The Q includes the latest Microsoft Windows operating system and Office Suite technologies.  It delivers unparalleled performance while extending the useful life of existing desktop and laptop devices.  Virtual-Q is a Microsoft Gold Certified Partner and works closely with other leading technology vendors. For additional information, visit www.virtual-q.com.

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For information contact:
Steven Mohr, Virtual-Q
VP of Sales
Phone: (713) 587-2560
Email: [email protected]

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