CARE ACT LOAN VS. SBA LOAN
CLICK HERE FOR SPECIAL YouTube PLAYLIST ON THE CARES ACT.
CARES ACT BRINGS MASSIVE RELIEF FOR EMPLOYERS.
One provision is the "Paycheck Protection Program," (PPP) which a forgivable loan. Many are falsely associated this with SBA COVID-19 Disaster Loan.
There are major differences between the CARES Act "PPP" loan vs. the SBA disaster COVID 19 relief loan, starting with the PPP loan is forgivable, where the SBA loan is NOT. See the other differences and how to make sure you don't get the wrong loan!
SBA LOAN REQUIRES COLLATERAL AND GUARANTEES. YOU ONLY GET THIS ONLINE.
PPP LOAN REQUIRES ZERO COLLATERAL AND NO GUARANTEES. YOU ONLY GET THIS THROUGH A BANK.
PLEASE DO NOT GET THE WRONG LOAN FOR YOUR NEEDS