The Bottom Line Team

SBA Paycheck Protection Program (PPP) vs. Economic Injury Disaster Loans (EIDL) during Coronavirus (COVID-19) Pandemic

Government building

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.