The CARES Act offers some much needed financial relief in light of the hardships COVID-19 has brought about for many. But which option is best?

The Economic Income Disaster Loan (EIDL) or Paycheck Protection Program (PPP)? Where does unemployment fit into all of this? When and how can you combine these options? We help you do some of this math and figure out which relief program might be best for you. 

UPDATE: As of4/6, the SBA has changed the rules to only allow $1k/per employee upfront money (and therefore forgiveness on the EIDL loans). We will respond soon to update how this affects the decision making on which plan is best to use for you.

• Everyone is affected by this [1:00]

• PPP loan explained and who it’s for [2:00]

• What you can use a PPP (Paycheck Protection Program) loan for [5:00]

• EIDL (Economic Income Disaster Relief Loan) explained [11:00]

• Unemployment benefits - is this your best option? [13:30]

• Situations where you can get both an EIDL and unemployment [14:00]

• PPP and Unemployment combined? [17:00]

• Income limitations [18:00]

• Expect delays, so be patient [23:00]

• Don’t do nothing! Get yours [26:00]

• A note about unemployment offices [26:30]
  

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