In this episode of Doctor Money Matters, we get a timely review of the Small Business Administration Loan programs from the Covid19/Coronavirus crisis and CARES Act. Shivani Dubey, deputy district director of the SBA, Arizona division goes over the types of funding/loan programs. She talks about the PPP/EIDL and small business debt relief programs and answers questions from our zoom conference and facebook audience.
Below are the files Ms. Dubey mentioned in the presentation.
PPP Borrower Information Fact Sheet
SBA Disaster Assistance_Resources for Businesses-508
CARES and EIDL SBA PPT 4-4-2020
Marc DApril 7, 2020 at 2:54 am
Great job on this.
Can I give an example – to perhaps clarify one more thing regarding the EIDL and PPP ‘combo’
If I already applied for just the $10K grant via EIDL and now I am about to subit for the PPP ‘private bank’ loan component, if I determine I will need $25k total (75% payroll, 25% other overhead) – then would I be asking for only $15K for the PPP loan (i.e. 10K from EIDL and 15K from PPP = 25K total?) Or do I state $25K loan, $10k of which will come from EIDL?