We hope you, your families, and your co-workers are staying safe.
Please click here for a comparison of loan opportunities under the SBA Economic Injury Disaster Loan (EIDL) process and the CARES Act Paycheck Protection Program (PPP). The EIDL application process continues to be available online. The PPP loans will be coordinated by banks which have been approved as SBA lenders. We understand these banks are awaiting guidance from the SBA, so the application process is still being developed. We expect that most businesses with payroll and self-employed individuals will want to apply for the PPP loans, as these loans are generally forgivable if used to fund payroll and related costs.
We are ready to assist you and your banker as we move forward.
Stay safe friends,
The Partners of
Russell Thompson Butler & Houston, LLP