For small business owners who apply for an EIDL advance grant, you will be eligible for up to $10,000. This SBA emergency grant is one of the temporary programs designed to offer financial relief as part of the CARES Act.
The Bottom Line Team
What are the updated SBA Paycheck Protection Program (PPP) Loan Forgiveness Rules and PPP EZ Loan Forgiveness Application?
As of June 5, 2020, a new bill has been signed into law by the President to expand the SBA PPP loan forgiveness rules. Learn more about these changes in our latest post.
SBA Paycheck Protection Program (PPP) vs. Economic Injury Disaster Loans (EIDL) during Coronavirus (COVID-19) Pandemic
For small business owners hit hard by the Coronavirus (COVID-19) Pandemic, the CARES Act offers several programs to offset the negative economic impact with Payment Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) being two of the most important. Learn about the two, how to apply, and the loan forgiveness rules for each.