Waiting on PPP or EIDL Loans? Financial Steps to Take in the Interim | 65

EverythingHR CEO Felicia G. Harris, an HR innovator and Certified Financial Planner, understands the difficulty facing many small businesses that have had to close down or drastically curtail their operations. Although the federal government approved the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides $349 billion for small business loans to cover qualified payroll costs, rent, utilities, and interest on mortgage and other debt obligations, many small businesses are struggling to survive while waiting for those loans to be approved.

The Paycheck Protection Program (PPP) loans applications opened up April 3, but most business owners have not yet heard whether they have been approved. The Economic Injury Disaster Loan (EIDL)s are expected to provide up to $10,000 in relief, but business owners do not know how much they will receive if approved. For Americans who have invested everything in their businesses, their employees and customers, the wait and uncertainty are overwhelmingly stressful. 

Felicia G. Harris is going to walk us through some steps we can take to alleviate some of our business and personal financial worries. With more than 30 years as a financial advisor, she understands the landscape and the ways to best navigate the system. It is possible to get relief from some of the financial worries right away – even before federal relief arrives. 

To take advantage of the 90 days of free financial software access, find the link on our EverythingHR LinkedIn Company Page -https://www.linkedin.com/company/everythinghr1

www.everythinghr.net