The Paycheck Protection Program (PPP) allows businesses to borrow up to 2.5 times monthly payroll expenses up (to a max of $10 million) and is forgivable in proportion to how much staff are kept on payroll.
Economic Injury Disaster Loan (EIDL) Grants are a $10K “advance” available in just three days to businesses applying for relief loans. This benefit will only be issued to a million businesses, and Shreveport companies are encouraged to fill out the streamlined application at covid19relief.sba.gov.
FOR THE REST OF THE ARTICLE PUBLISHED IN THE April 2 ISSUE OF FOCUS SB - THE INQUISITOR GO TO https://www.theinquisitor.com/news/federal-cares-act-makes-available-two-new-forms-aid-small-businesses OR SUBSCRIBE TODAY AT http://www.theinquisitor.com