The U.S. Congress, as part of the CARES Act, has created the Paycheck Protection Program (“PPP”) to provide loan funds to small businesses to increase employee payroll retention during the COVID-19 pandemic. The program even offers forgiveness for the loan under certain conditions.
Small businesses under 500 employees (including sole proprietorships, independent contractors, and self-employed
The Small Business Administration is doing everything it can to establish programs that relieve some of the financial burden COVID-19 has caused the business community. One of the programs it is offering is the Economic Injury Disaster Loan (EIDL).
The EIDL is a working capital loan, and businesses can use it
The COVID-19 pandemic has created a challenging situation for small businesses across the Commonwealth and the United States, including closed courts. Most, if not all, businesses in Pennsylvania are struggling, but there are COVID-19 loan programs out there that can help with cash flow and payroll expenses. This post is a summary of some