Introduction to Disaster Loans The Small Business Administration (SBA) offers Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) loans to support small businesses. EIDL loans provide up to $2 million in funding, while PPP loans offer up to $10 million. Both loan programs have different eligibility requirements and forgiveness terms. Understanding the differences […]
The federal government created two major financial support programs for small businesses during the COVID-19 pandemic to provide assistance to those who were experiencing significant economic hardship. Called the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), these programs were run through the Small Business Administration (SBA). Just like other federal agencies provide […]
Many small businesses across the country faced extreme and unprecedented financial challenges when the COVID-19 pandemic began in March 2020. Because of lockdown orders and the way that consumer behaviors changed dramatically in an instant, small business owners were left scrambling to keep their doors open. In response to this, the federal government passed multiple […]
The Small Business Administration (SBA) created several new loan programs during the COVID-19 pandemic to help small businesses in need. Two of the most popular and well-known programs were the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL). Each of these programs was designed to provide immediate financial relief to small business […]
During the COVID-19 pandemic, many businesses saw their operations get completely upended overnight. Many businesses were forced to shutter their doors as a result of lockdown measures, while others had to adjust operations to the “new normal.” For many, it was a nightmare scenario, and one that threw their ability to stay afloat into serious […]
During the COVID-19 pandemic, millions of businesses all across the country were upended due to lockdown orders and a massive alteration to how people lived. This overnight wave of change caused catastrophe for many businesses, as they were forced to find new and innovative ways to stay afloat. Because of the sheer magnitude and significance […]
The COVID-19 pandemic caused significant financial challenges for all types and sizes of businesses all across the country. When the pandemic broke out in March 2020, business owners saw their companies’ normal operations upended overnight. Not surprisingly, many found themselves in very difficult financial positions, having to adjust for the new world in which we […]
The U.S. Small Business Administration plays a vital role in supporting small businesses throughout the country. The government agency does this in a number of ways, including providing guidance and resources to business owners, as well as offering special loan programs. One of those loan programs is called the Economic Injury Disaster Loan, or […]
During the COVID-19 pandemic, the federal government created many economic assistance programs for individuals and businesses that were facing significant financial challenges. For individuals, this included multiple direct stimulus payments as well as enhanced unemployment benefits for those who lost their jobs either permanently or temporarily. The federal government also created new loan programs such […]
Foreclosures are rarely if ever a pleasant thing for homeowners. However, they may be able to recoup the equity in the property after the foreclosure if there were surplus funds after the sale of the house. How to Claim Surplus Funds The primary purpose of a tax foreclosure sale is to recover any property taxes […]
