SBA EIDL & PPP

Presented by: Dave 

Date: 4/22/2020

 

SBA Economic Program Injury Disaster Loan and PPP are available for small businesses and Private non-profit organizations. This loan can be used for working capital for payroll and accounts payable. But it can not be used to expand your business. EIDL loan requires collateral for about $25,000. If not, the borrower will pledge for any available collateral. The link assists the borrowers to know how to apply for the loan online. To apply for this loan, borrowers need to complete all of the applications and the documents required by the bank. The borrowers can not use both the PPP and EIDL. The loans benefit program also covers the employees health care reimbursement.




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