paycheck protection program: CARES Act: Small Business Loans
- 04/01/20 03:11 PM
There are 2 loan programs through the CARES Act that directly help small business owners. There is the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Loan. Both loans are designed to help employers maintain employees on their payroll and there are no fees involved in applying. The EIDL loan can be applied for even if you are a sole proprietor with or without employees. There are distinct differences in the two, which are summarized below.
The EIDL loan can be applied for directly. The EIDL is funded through $10 billion of the CARES Act, with a covered period of February … (1 comments)
There are 2 loan programs through the CARES Act that directly help small business owners. There is the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Loan. Both loans are designed to help employers maintain employees on their payroll and there are no fees involved in applying. The EIDL loan can be applied for even if you are a sole proprietor with or without employees. There are distinct differences in the two, which are summarized below.
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