Category: EIDL

The SBA made it very easy for practice owners to receive an EIDL loan of up to $150k with a fixed 3.75% interest rate over a 30-year term. And a lot of practice owners decided to accept this EIDL loan. As we posted last month at: https://www.schwartzaccountants.com/2020/05/more-info-about-eidls/, there are various pitfalls that come along with… Continue reading How To Pay Off The EIDL Loan

As we wrote last week, the SBA is now reaching out to small business owners that their Economic Injury Disaster Loans are now available.  That article is available at: https://www.schwartzaccountants.com/2020/05/economic-injury-disaster-loans-eidl-are-now-granted/ There are a variety of issues to be aware of an you make your decision whether to take the EIDL. According to info available at:… Continue reading More Info About EIDLS

By the end of last week, a few clients reached out to us to let us know that they received the SBA approval for their EIDL loan.  The amount for most loans came in at $150k. We were then asked if they should take advantage of these loans. We are recommending that practice owners take… Continue reading Economic Injury Disaster Loans (EIDL) are Now Granted

We’ve received numerous calls and emails about completing the EIDL Application with the SBA. Now that I’ve spent some time looking at the forms and limited instructions, I see why. Here are line by line instructions (based on my understanding of how they should be completed) that you can use as a guide. Let’s start… Continue reading Instructions to completing the EIDL Application