A Letter to our Members regarding the PPP Loan
April 6, 2020
Dear valued SBAM member,
During these challenging times, SBAM and TGG Solutions are here to assist you through your insurance and billing questions and your need for important information. We know that many of you are exploring the Paycheck Protection Program (PPP). The PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll by providing funds to pay up to eight weeks of payroll costs, including benefits. Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent and utilities. When applying for this loan, many financial institutions are asking for information regarding insurance premiums paid.
If your Blue cross Blue Shield of Michigan or Blue care Network employee health insurance plan is sponsored and billed by SBAM and If you are in need of information regarding your companies’ insurance premiums, please send an email to firstname.lastname@example.org.
In the body of the email, please include:
The time period for which information is required
The type of information required (e.g., copies of invoices or premium totals)
TGG Solutions will work as quickly as possible to obtain the required information to keep your business moving forward. We are here for you! Should you have further questions regarding the PPP, SBAM has done an excellent job of explaining this program through their daily updates and webinars and on our website at www.sbam.org/covid-19-resources
SBAM and TGG Solutions