On March 25, 2020, the SBA expanded its Express Bridge Loan disaster relief funds program nationwide to provide small businesses with coronavirus relief. The Small Business Administration’s Express Bridge Loan Program is a quick way for small businesses affected by COVID-19 to get up to $25,000 to cover operational expenses.
For all small business owners who have applied for an EIDL advance grant, you will be eligible for up to $10,000. The SBA emergency grant is one of the temporary programs that is designed to offer financial relief as part of the CARES Act. As of June 15, 2020, the
The Internal Revenue Service (IRS) and the Department of the Treasury on May 7, 2020, decided to revise their frequently asked questions (FAQs) guidance on the Employee Retention Credit to allow employers that don’t pay wages but continue to cover the health plan expenses for laid-off or furloughed employees, to
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