“In order to succeed, your desire for success should be greater than your fear of failure.”
It is a great time for small businesses and every American. Recently, the White House and Senate reached a COVID-19 historic $2 trillion-dollar stimulus package. This coronavirus response bill is the largest emergency economic relief bill passed in the USA’s history. It is intended to provide quick relief for the American economy and support the people through the economic devastation caused by COVID-19.
What does this mean for you?
While business owners and individuals have been applying for their shares over the last week, many Americans wanted to wait until it was signed off by the president and made official. On Friday, March 27th it was officially finalized in house and agreed by the president. This means, you can now get immediate results quick and it is predicted that the checks will start flying!
Here are the highlights that you could be eligible for:
- Loans You Don’t Have To Pay BackFor Payroll, Rent, Mortgage Interest
- Disaster Loans For Other Business Expenses You Can Cover
- Defer 100% Of Your Payroll Taxes For 2 Years
- Get A $2,400/$1,200 Cash-Back Rebate On Your Taxes(Sec 2201)
- Had Losses In ‘18, ‘19? Get Cash Back By Amending Your Tax Return
- Business Went Down? Get A Payroll Tax Credit Up To $10,000 Per Employee
There are various loans you may qualify for, even some that you don’t have to pay back if they are used for Payroll, Rent or Mortgage Interest. If you are a business owner, there are COVID Business Loans too. To find out what you are eligible for, you will need to apply.
At ERPS Group, we are here to keep you updated as we continue through this together. We will walk you through every stage of the process and help you apply. 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.
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.
