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4-21-2020
Here's an update to the stimulus package (CARES Act) directly from the Senate - this bill was unanimously approved doubling the EIDL (Emergency Injury Disaster Loan) Grant Program.
The interim bill includes:
-$300 billion in additional Paycheck Protection Program (PPP) funding for payroll expenses (this is the forgivable loan program, but follow the video I made on pitfalls).
-$50 billion in additional EIDL money.
-$75 billion for hospitals
-$25 billion for testing
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❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use or license only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575. This is not an advertisement of property for sale. Any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
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