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Are PPP and EIDL monies really gone?

Did your business lose out on getting any Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) monies? The short answer is likely, no.

We’re still waiting for Congress to appropriate more monies in the upcoming stimulus package both sides of the aisle are working on right now.

Additionally, the major banks are still communicating to their customers to continue submitting documents for loans already in-process. Which would likely indicate the banks highly anticipate more funding to be coming through soon too.

If you missed out on the first round (lottery ticket) of getting any PPP and/or EIDL…not to worry. You may still have a chance.

When Congress passes additional funding, we will be communicating with our social media followers on immediate steps you should be taking to get your hands on some of this stimulus money for your business.

Stay tuned…and stay healthy!

Chase