Today President Trump signed into law the PPP and Health Care Enhancement Act. This same Act allocated limited funds to the EIDL advance and loan program.
For those who applied during round 1 the EIDL emergency advance was the program promising $10k within 3 days of application, funds which would not require repayment. Due to funding limitations the SBA changed the amount of the advance to $1k per employee up to $10k maximum advance. Submitting another application could provide you a chance to recoup the remaining amount up to $10k or to begin participation in the program.
All SBA options can be accessed from the link below. Scroll down to the section “Funding Options” and click on the icon for the desired funding option.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
The blue menu box accessible from the webpage below, provides an additional source to keep up to date with all funding options.
As a part of the CARES ACT various other tax credits became available which can be used to save/access much needed funds to run your business..
All programs require certain stipulations and criteria.
