No PPP Loans Today, but You Can Still Get $150,000 from the SBA

It’s true. Forgivable Payroll Protection Program (PPP) loans are no longer available right now.

But this doesn’t mean you can’t get financial assistance that can help you weather the COVID-19 storm.

You see, another source of relatively cheap money is available right now thanks to the Economic Injury Disaster Loan (EIDL) program.

It’s administered by the Small Business Administration (SBA) and it just might be the source of cash your business desperately needs at this moment.

IMPORTANT: Unlike the PPP loan, the EIDL doesn’t offer the possibility of loan forgiveness. But still might be a big help!

To find out more, read my new article titled Tax Tips: No PPP Loans Today, But You Can Still Get $150,000 from the SBA.

Three ways our fact-filled article can help you:

1. We’ll tell you who is eligible for an EIDL loan. You are if your business suffered “substantial economic injury” and your business is unable to pay its normal operating expenses and other bills (or sell or produce your goods or services). To get all the important details, read the full article.
2. We’ll explain how to apply for an EIDL loan. For starters, you don’t have to apply to a bank. You apply directly to the SBA and are paid by the U.S. Treasury. Best of all, you can apply online at the SBA website. You’ll get the whole story when you read the full article.
3. We’ll cover other important topics like…
   • How much money you can borrow
   • EIDL loan terms
   • Approved ways you can use the loan money
   • Eleven ways you can’t use EIDL funds
   • And much more

You’ll get full details when you read the full article
PPP Loan Forgiveness for Partnerships and S and C Corporations