I received an e-mail today from SBA indicating range of 30 year loan (3.75%) values for which my business may be approved under The CARES Act. I chose an amount less than maximum, verified my identity, and submitted it for further processing, to help offset loss of income/working capital from clients that are suffering from COVID and unable to pay me existing amounts, let alone utilize me the way intend.
This is two months after I applied for EIDL, initially. Unreal how poor the timing is for everything--EIDL and PPPL--considering small businesses needed these funds two months ago, not in May or June or July or whenever additional disbursements occur.
Besides PPP forgiveness, guessing we will now be inundated with EIDL questions.