Paycheck Protection Program vs. Economic Injury Disaster Loans | At-A-Glance
April 3, 2020 (Charlotte, N.C.)—Starting April 3, small businesses could apply for billions in loans available through the new Paycheck Protection Program, which is part of the CARES Act, an economic rescue plan from Congress. The CARES Act also includes additional funding for the existing Economic Injury Disaster Loan Program.
The Business Team at James, McElroy & Diehl has put together a brief list for small business owners comparing the new Paycheck Protection Program (PPP) with Economic Injury Disaster (EID) Loans. You can view the printable PDF sheet here.
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