Have you heard the news? An additional relief package of approximately $484 billion was recently passed by the Senate and also by the White House when it went for final approval just last week. The senate, congress, and president have all agreed and signed off, which means that now it’s become a new law.
Now is the time for business owners to apply for loans and funding, as we’re back with another round of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL). This new round of funding is for all small businesses that have been negatively impacted and affected financially by the coronavirus pandemic. It also serves to provide funding for both hospitals and Covid-19 testing centers in NYC and around the US.
The original first round of funding approved served to support the Small Business Association (SBA). The SBA used these funds to provide financial assistance for businesses for both operating expenses and the usual day-to-day obligations. Due to the fact that information continues to change daily, and no one knows when business will be back to usual, it is important to apply as soon as possible to receive aid.
It has been predicted that usual business will face an uncertain future, especially over the course of the year. However, we now know this is the sequel to the forgivable loans and disaster loans. Will there be a Trilogy? Maybe, but there’s no sense in waiting. Now is the time to apply.
At ERPS Group we are here to keep you updated, as we navigate through this time together. Our team is working around the clock helping our clients do everything we can to qualify for these loans. Ready to speak with our team? Book a time here. We will walk you through every stage of the process.
ERPS Group is a one-of-a-kind financial firm located in Metro New York City that offers a differentiated approach to helping people to achieve enduring financial results and support in choosing the perfect life insurance plan. They offer effective strategies that help to bridge the gap between financial freedom and personal or business goals.
If you have any questions or want to learn more about the current situation at hand. Contact us today at (347) 462-2778 and you can set up a time to speak with one of our financial experts.