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The U.S. Small Business Administration (SBA) has worked to provide Economic Injury Disaster Loan assistance to eligible organizations to help ease the effects of the SARS-CoV-2 virus and the incidence of COVID-19 (COVID-19) on small businesses, nonprofits and other entities. These organizations are experiencing unexpected decreases in cash flow due to the \\u201cshelter-in-place\\u201d orders enacted by many municipalities. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and SBA intend to provide loans with decreased interest rates and forgiveness plans to assist organizations as they continue operating during this challenging time. Join us for the third installment of our COVID-19 Response Series, where host Damien Martin talks with guests Jim Ashley, Corey Stone and Greg Knight to review these complicated but crucial changes under the CARES Act. Here\\u2019s what\\u2019s covered:

• The SBA Economic Injury Disaster Loan (EIDL) before CARES @01:45
• Get some trusted education on the programs @08:59
• Paycheck Protection Program (PPP) under the CARES Act @11:42
• Common questions on the PPP loan program @17:10
• The analysis to be done here @23:26
• Business responses to the SBA loan programs so far @28:19
• The need for real-time decisions @32:46
• The specifics of the PPP loan forgiveness @34:05
• Get ready and prepare for the next eight weeks @36:55
• Making cuts and difficult decisions @38:58
• How your data can help right now @41:24
• Practical considerations for making the most informed decision @43:58
• A lot of times the data is already there @47:42
• Closing thoughts
  • Greg Knight @50:37
  • Corey Stone @53:18
  • Jim Ashley @ 54:48

Learn about our guests and get additional resources here.