Round Two of the Stimulus Bill and the Economic Injury Disaster Loans (EIDL) Are Getting Money Out to Businesses Quickly
In the most recent Stimulus Bill, $20 billion is set to fund the Economic Injury Disaster Loans (EIDL), providing businesses with two options: apply for up to two million dollars with a 30-year maturity, and/or apply for a grant that is $1,000 per employee, up to $10,000. Find out more details on the EIDL and what it means for your business as host Gene Marks talks with Thad Inge, Senior Manager of Government Relations at Paychex.
To apply for an EIDL loan or grant, visit sba.gov.
Visit our website for additional resources on the fiscal relief package.
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.