Tyler (Tyler Willis CPA) and I had our third discussion about the Paycheck Protection Program (PPP). Listen in to find out why the application phase is the Wild West, and then the next phase, after submitting the application, is a Black Box. Last week there wasn’t enough time to handle all the phone calls and requests for information about the program. And this week we have had to hurry up and wait because the SBA and the banks were overwhelmed with applications.
We discuss:
- What we learned about the PPP application process (It’s the Wild West)
- What to expect in Phase 2 (It’s a Black Box)
- What we know about the PPP for non-payroll businesses (For step-by step details Go Here)
- Why you also want to apply for the EIDL (For details about filling this out see Part 2)
** Check out this post where I curate articles to keep you updated during the Black Box Phase UPDATES
EIDL by US Chamber of Commerce
