How to prepare for replenishment of Paycheck Protection Program Funds and EIDL
This week, the U.S. Senate approved new funding for two Small Business Administration (SBA) programs that were implemented as part of the CARES Act to help support small businesses in response to the coronavirus pandemic: the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). The initial funding for these programs was exhausted on April 16, and businesses were not able to apply for these relief funds while Congress negotiated the terms of the new bill. This external resource produced by Wiley explains how business can prepare.
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