Liz Soria Tax Advisor & Biz Success Podcast

#Economic Injury Disaster #EID and Paycheck Protection Plan #PPP #LOANS (CARE Act Series) Part  3 Economic Injury Disaster Loans (EIDL) Highlights: This program can fund up to $2 million to small businesses  About: This program funds small businesses or private including non-profits that suffer from the economic injury due to declared disaster regardless of the physical damage of the applicant.  Eligibility: Small businesses must have suffered by the economic injury and should be located in the disaster declared county or a contiguous county.  There are no upfront fees and early-payment penalties charged by the SBA.    Paycheck Protection Program (PPP)  Highlights: This program directs $349 billion towards business operating expenses and job retention  About: Provides a direct incentive for small businesses to cover payroll, employee salaries, and certain other expenses like rent, utilities, and mortgage payments.  Eligibility: Businesses including non-profits, sol