WILL THE GOVERNMENT REFUND PPP AND EMERGENCE FUNDING?

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PPP $310B & EIDL $60B (LIKELY) RE-OPENING THIS WEEK!!!!

Regarding Negotiations on PPP 7(a), EIDL 7(b)….

Although details were still being worked out, the agreement was likely to include:
$310 billion for PPP 7(a)
$60 billion for EIDL 7(b)
$75 billion for hospitals
$25 billion to expand testing for the virus nationwide
$60 billion that Democrats wanted to set aside for businesses that have struggled to get loans from banks, such as those in rural areas or that are owned by minorities.

Source: WSJ

Remember – NOTHING is guaranteed!

Not the re-opening of these loans.

Not getting the loans.

But we are acting FAST and already submitting applications today.

Why?

Look at this:

“Will ask @SBAgov to allow lenders to begin processing loans “Subject To Funding” to avoid overwhelming the system again.”

Ready to take advantage of round 2?

Talk soon,

-[NAME]

Disclaimer: The bill has recently passed and we are learning more every single hour about how this bill will be implemented and the interpretations of each component. For the most up to date information and FREE Analysis based on your situation, set up a time here.

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Categories: Accounting, Business, covid-19, Finance, Loans, SBA