EIDL

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...