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re: Small Business Resource Thread COVID-19

Posted on 3/30/20 at 11:17 am to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35676 posts
Posted on 3/30/20 at 11:17 am to
Here's a more comprehensive overview of the Care Act from PNC Bank.

Cares Act Overview
Posted by Doctor Strangelove
Member since Feb 2018
2971 posts
Posted on 3/30/20 at 2:35 pm to
I applied for 2 EIDL loans for 2 companies this morning directly through SBA's website and they are pretty straightforward. My CPA says to apply for each seperate company you own.

EIDL Application

Has anyone tried filling out FORM 1920 of the 7(a) loan application? It looks like Section E as well as other sections are checking your net worth, lines of credit as a means test, which is the right way to do it in my opinion. It's not clear though.
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