Dependable
Level 4

What programs are available to small businesses with 0-2 employees that have their businesses curtailed by Covid 19.  And what documents are required?

0 Cheers
User FIDO 61
Level 8

Several programs. Documentation depends on through which bank you apply for the loan. They all set their own rules. Here's a link to some information PPP ISSUES

♫ So if you ask me and I don't tell you
Bet your sweet bottom dollar I lied ♪
Dependable
Level 4

Thank you

User FIDO 61
Level 8

From the Small Business Administration's site the new programs

  1. Paycheck Protection Program
  2. EIDL Loan Advance (Economic Injury Disaster)
  3. SBA Express Bridge Loans
  4. SBA Debt Relief

IRS: Coronavirus Tax Relief for Businesses and Tax-Exempt Entities

  1. Employee Retention Credit Available for Many Businesses Financially Impacted by COVID-19
  2. Coronavirus-Related Paid Leave for Workers and Tax Credits for Small- and Mid-Size Businesses
♫ So if you ask me and I don't tell you
Bet your sweet bottom dollar I lied ♪

View solution in original post

Dependable
Level 4

Thanks

sjrcpa
Level 15

Employee Retention Credit

Payroll tax deferral


Ex-AllStar