The information shared in this episode is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
We’re kicking off a brand new year with a little bit of… HOPE, at least in the form of additional financial support for those who need it. Our recent biz wiz, Gloria, has been soaking up all she can about the latest stimulus package for small businesses, so in this episode, she shares everything she’s learned so far about the PPP and EIDL 2.0 plans.
Whether you applied for the first round of funding or not, and whether you received it or not, you might be eligible for assistance in this newest version – from additional grant funds from the EIDL to another forgivable PPP loan to some SBA generosity. If you have an SBA 7A or 504 loan, you might just be in for two additional months of “debt forgiveness”, and if you’re looking to expand your business and need working capital or are ready to open a business, this stimulus package may be exactly what you need.