News

Under the CARES ACT signed into law by President Trump March 27, 2020, there are several financial assistances programs for small business and sole proprietors in the form of tax credits, loans and grants. Listed below are two of the loans that convert into grants if used for their intended purposes. 1. What is available? a. Economic Injury & Disaster Loan (EIDL) b. Paycheck Protection Plan (PPP) 2. Who can apply? a. Both Self-employed and independent contractors are eligible with less than 500 employees (sole proprietors) 3. What are the eligibility requirements (any of the items below)? a. Do you pay [...]

BREAKING NEWS There are two separate loan programs created by the CARES ACT signed by President Trump on March 26, 2020 specific for small businesses. Emergency Injury & Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) EIDL - go to the www.sba.gov website and apply for this loan. If the funds are used for its intended purpose it will turn into a grant. At the end of the loan application (short) make sure you check the advance button to get the $10,000 advance very quickly deposited into your account. PPP - This is a loan base on the company’s payroll [...]