This is not a drill! We cover all the recent updates and new information regarding tax deadline shifts – what is included and what is not, the second draw opportunity for the Paycheck Protection Program and the targeted EIDL advance application.
Funding
Beyond having a great idea, product, or service; beyond being able to lead a team; beyond being able to get your message out and generate attention; beyond doing the work… your business needs cash!
This “second-draw” of forgivable loans is aimed at “harder hit” small businesses.
When the SBA met its $349,000,000,000 (that’s billion, 9 zeros!) lending limit, 1.6 million small business owners received the SBA’s loan commitment. With more than 30 million small businesses in America, the $349B cap leaves a very wide gap between those businesses that will receive financial help to meet payroll over the next two months and those without a financial lifeline.