The federal government has created several options to help with the effects this pandemic is having on our economy and on all of our businesses. Energy Battery Group (EBG) would like to give some guidance into what we have learned, as a result of the Cares Act passed by Congress and President Trump. There are basically three options for business assistance, if you or your business are in need.
- The (PPP) – Paycheck Protection Program – 2 ½ average monthly payroll in loan turn to grant.
- The (EIDL) Economic Injury Disaster Loan – Qualifier can receive a 30-year loan up to $10 million at 3.75% interest
- The EDIL Emergency Grants – Qualifiers can receive up to $10K in grants for sick leave, etc.