50 - COVID-19: CARES Act- Which Relief Plan is Best for You?

The CARES Act offers some much needed financial relief in light
of the hardships COVID-19 has brought about for many. But which
option is best? The Economic Income Disaster Relief Loan (EIDL)
or Paycheck Protection Program (PPP)? Where does unemployment fit
into all of this? When and how can you combine these options? We
help you do some of this math and figure out which relief program
might be best for you.


UPDATE: As of 4/6, the SBA has changed the rules to only allow
$1k/per employee upfront money (and therefore forgiveness on the
EIDL loans). We will respond soon to update how this affects the
decision making on which plan is best to use for you.


If you prefer, watch on YouTube here:
https://youtu.be/H0xS0_r6V8s