Economic Injury Disaster Loan (EIDL) and Payment Protection Program (PPP)
Read about the differences between the two programs on our blog post, The EIDL v. PPP Showdown
Payroll Protection Program
The Payroll Protection Program (PPP) is a government relief program that provides small business (under 500 employees) with money to cover up to 8 weeks of payroll and business expenses, like rent, utilities, etc. Funds are in the form of a loan that are fully forgiven when used for business expenses. There are no fees.
- Quick overview of the program: https://home.
- Information Sheet: https://home.treasury.
- PPP Application (must be used with an SBA Lender): https://home.
treasury.gov/system/files/136/ Paycheck-Protection-Program- Application-3-30-2020-v3.pdf