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Level 5
April 9, 2020

Small businesses with few or no employees

  • April 9, 2020
  • 1 reply
  • 6 views

What programs are available to small businesses with 0-2 employees that have their businesses curtailed by Covid 19.  And what documents are required?

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1 reply

User_61
Level 7
April 9, 2020

Several programs. Documentation depends on through which bank you apply for the loan. They all set their own rules. Here's a link to some information PPP ISSUES

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Level 5
April 9, 2020

Thank you

User_61
Level 7
April 9, 2020

From the Small Business Administration's site the new programs

  1. Paycheck Protection Program
  2. EIDL Loan Advance (Economic Injury Disaster)
  3. SBA Express Bridge Loans
  4. SBA Debt Relief

IRS: Coronavirus Tax Relief for Businesses and Tax-Exempt Entities

  1. Employee Retention Credit Available for Many Businesses Financially Impacted by COVID-19
  2. Coronavirus-Related Paid Leave for Workers and Tax Credits for Small- and Mid-Size Businesses
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