Confusion over the PPP Loan Program (analysis as of April 5, 2020)

THE CARES ACT: Confusion over the PPP Loan Program (analysis as of April 5, 2020) As you’ve probably noticed applying for a PPP Loan has been fraught with conflicting instructions, contradictory rules, lenders not prepared to accept applications and constant last minute changes in the application form.  Borrowers and Lenders are both confused. [UPDATE :…

The CARES ACT – EIDL VS PPP Loan Program

EIDL vs PPP Loan Program We’ve put together a summary comparison of the two SBA sponsored loan programs that were authorized by the CARES Act. EIDL VS PPP Loan Program If you apply for the EIDL loan, businesses can get a $10,000 cash advance grant.  The cash advance does not have to be repaid if…