Economic Injury Disaster Loan via the Small Business Association
The Economic Injury Disaster Loan (EIDL)allows for up to $10,000 of economic relief to small businesses with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19. Funds will be made available within days of a successful application.
The SBA is unable to accept new applications at this time, but you can check the below link daily to stay updated on when additional funds will become available.
The PPP provides a direct incentive for small businesses to keep their workers on the payroll since the SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
The Small Business Administration (SBA) is now accepting applications for Paycheck Protection Program loans.
QuickBooks is now available to a subset of customers, including multi-owner businesses*, using Intuit Online Payroll, QuickBooks Desktop Payroll on QuickBooks 2018, 2019, and 2020, QuickBooks Online Payroll, QuickBooks Self-Employed – users who filed 2019 taxes with TurboTax Self-Employed. Customers who receive notifications in their product should start their application nowwithin QuickBooks Capital so they can submit applications to the Small Business Administration (SBA).