View this email in your browser I received several emails from clients this morning asking for clarification on an email sent from the Small Business Administration. The subject was "Update on Economic Injury Disaster Loan Advance." I received the same email (see below) and have read through to see what the "update" is telling us. The announcement is that we finally have some details regarding the "advance" that has been promised from the EIDL. (Economic Injury Disaster Loan.
(From an eblast I sent on April 3, 2020) Seriously, I started this message yesterday morning. Every time I was ready to push the send button, there was another update or change from the government regarding the PPP loan, which meant my information was incorrect. I was literally watching yesterday's press conference when Secretary of the Treasury Steven Mnuchin announced the interest rate for the PPP (Paycheck Protection Program) was increased from .5% to 1% (still a smoking d