Apr 27 Weekly Update on Preparing for Recovery: Loan Options and Forgiveness Strategies
On Friday, the “Paycheck Protection Program and Health Care Enhancement Act” was signed into law. Dubbed as “CARES 2”, the Act provides a second round of federal stimulus funding that appropriates $310 billion to the Paycheck Protection Program (PPP), $50 billion for the Economic Injury Disaster Loan (EIDL) Program, and an additional $10 billion for the EIDL Cash Advance Program. The Small Business Administration will begin processing the second round of federal Paycheck Protection Program applications this week.
With changes constant and released guidance on-going, join Sax each week to hear about the most recent updates made to the relief programs, forgiveness clarifications, best practices for securing aid, and more.