Elesin Aleksandr - Adobe StockThere are currently two types of loans available: Economic Injury Disaster Loans (EIDL) and Paycheck Protection Loans (PPP). If you are a business with under 500 employees, you are considered a small business (with some exceptions) and can qualify for the loans. The EIDL loans offer up to $2 million for working capital needs such as fixed debt and payroll. Any previous EIDL loans can be rolled into the new PPP loans. I specialize in small business policy and have run small business outreach campaigns for major organizations such as Visa, MasterCard, the U.S. Chamber of Commerce, and the U.S. Department of Commerce.

Source: Forbes April 04, 2020 20:25 UTC