economic injury disaster loan

In our last article we discussed the Payroll Protection Program (PPP), which the government initiated to cover business-related expenses such as payroll, rent and utilities. But the Government also issued a second (and lesser known) relief program, named the Economic Injury Disaster Loans (EIDL). The good news is that the EIDL can be used for a much larger group of expenditures, which we will discuss in this article. For small business owners hit hard by the Coronavirus Pandemic, the CARES Act still has funds available after the second round of...

Editor's note: The Thoroughbred racing industry is covered under legislation passed in Washington to bolster an economy that has been hard hit by the coronavirus. To clarify what is available to racing participants, the NTRA held a teleconference Wednesday which included tax experts who serve the racing industry. To break down what is available and who qualifies for assistance, the TDN asked Green Group Founder and Chairman Len Green to go over the CARES Act and its provisions. The Coronavirus Aid, Relief and Economic Security Act ("CARES Act") became law...