Can I sign up for a business loan

Jeffrey asked 2 years ago
I'm out of work and need to pay my bills.
1 Answer
Brittany Staff replied 2 years ago

We have put together this article that describes the differences between the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL):

As of April 23, both programs are out of funding, but Congress has passed a new bill to replenish funds. Funding could be available in the coming days.

You can apply for the EIDL loan through the SBA:

You can go to your local lender for information about the PPP loan application process. Here is a link to find a lender:

Some financial tech companies such as Square, Quickbooks and PayPal are approved PPP lenders:

There are also many local programs available. This list has almost 200 programs sorted by state:

It's a lengthy process, but hopefully this provides some clarity.

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