Forgivable Loan Qualification and Application: What You Need To Know
Additional funds were recently announced to help small businesses affected by government-mandated closures as a result of COVID-19. The Paycheck Protection Program (PPP) is expected to have an additional $310 Billion as of this week. $10 Billion is expected to be added to the Economic Injury Disaster Relief Loans (EIDL), including a new Emergency Grant that does not need to be repaid. The Casino Reinvestment Development Authority (CRDA) also announced they will add $2 Million in funding to the New Jersey Economic Development Authority (NJEDA) program.
Cooper Levenson Attorneys at Law covered the following in their webinar from April 30:
– Forgivable PPP Loans: Who Qualifies and How to Apply
– $310 Billion expected additional Funds to PPP
– $10 Billion added to EIDL
– NJCRDA / NJEDA additional funding