April 6th Webinar
In this webinar, Dan Packard (Partner, Cooper Norman) covers both individual and business tax relief as it related to the CARES Act. In it he discusses: recovery rebates, retirement plans, charitable contributions, student loans, payroll tax deferral, payroll tax credit refunds, employee retention credits, and more. Download a PDF of his slides here.


April 1st Webinar
In this webinar, Brock Blake (President, Lendio) discusses acquiring the loans and grants for your small business via the CARES Act .
This webinar recording had technical difficulties for the first few minutes, but the majority of the content is intact. We’ve also posted a separate, but similar, webinar below that Brock recorded in its entirety on March 31st.


Helpful Information

  1. Borrowers may apply for PPP loans and other SBA financial assistance, including Economic Injury Disaster Loans (EIDLs), 7(a) loans, 504 loans, and microloans, and also receive investment capital from Small Business Investment Corporations (SBICs). However, you cannot use your PPP loan for the same purpose as your other SBA loan(s). For example, if you use your PPP to cover payroll for the 8-week covered period, you cannot use a different SBA loan product for payroll for those same costs in that period, although you could use it for payroll not during that period or for different workers.

  2. Emergency Economic Injury Grant and Economic Injury Disaster Loan (EIDL) recipients and those who receive loan payment relief through the Small Business Debt Relief Program may apply for and take out a PPP loan as long as there is no duplication in the uses of funds. Refer to those sections for more information.

  3. Whether you’ve already received an EIDL unrelated to COVID-19 or you receive a COVID-19 related EIDL and/or Emergency Grant between January 31, 2020 and June 30, 2020, you may also apply for a PPP loan. If you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP. However, you cannot use your EIDL for the same purpose as your PPP loan. For example, if you use your EIDL to cover payroll for certain workers in April, you cannot use PPP for payroll for those same workers in April, although you could use it for payroll in March or for different workers in April.