SBA Relief Programs Cheat Sheet
In response to the COVID-19 crisis, the United States Small Business Administration adopted two significant relief programs:
- the Paycheck Protection Program, and
- the Economic Injury Disaster Loan.
You are not obligated to hire lawyers or any other professionals to apply. For the EIDL program, you can apply online. For the PPP program, you can pre-fill a sample application and apply through a participating lender.
To get you up to speed, we created a cheat sheet to help you understand which program may be the right one for your business:
However, the technical terms and legalese can be confusing, especially on top of fighting a global pandemic. For the Emergency Injury Disaster Loan, you should seek help from a Certified Public Accountant. If the owners of the business are foreign individuals, additional layers of complexity may come into play.
To navigate the complexity of these options and to maximize the available benefits, we are here to help.