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Update on Accepting and Processing EIDL and PPP Loan Programs

On April 16 the SBA/US Treasury announced that the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) have loaned out the allocation of funds provided in the CARES Act thus shutting down the programs. Congress is taking actions to re-appropriate funds to these programs which should be complete by April 24. IContinue reading…