IRx Day: March 29, 2020

EIDL Program (Economic Injury Disaster Loan) ·        The SBA has a program that potentially is providing up to 30 year loan amortization at a 3.75%

Following is the information on the PPP as it is availabe on April 2, 2020.  We will update this as important changes occur. Additional information

Summary The government will pay principal and interest for 6 months on existing SBA 7(a) loans (loans made prior to the enactment of the Act)

Small Business Tax Provisions Employee Retention Credit for Employers Subject to Closure or Experiencing Economic Hardship This provision would provide a refundable payroll tax credit