8 Ways Business Owners Can Take Advantage of the Federal Stimulus Package
This recent article from Entrepreneur magazine is probably the most thorough article we have found covering “all” the options available with the Stimulus Package. The author, Mark Kohler, is an attorney and CPA, covering the following 8 topics to help put together the best strategic plan for your business. Engaging your own attorney and CPA would be advised to make sure and capture local state rules/laws that may apply.
- Stimulus Checks
- Economic Injury Disaster Loans (EIDL)
- Paycheck Protection Program (PPP)
- SBA Loan Forbearance
- Increased Access to Retirement Accounts
- Paid Sick Leave
- Family Medical Leave (FMLA)
The key message from the author is to look at all the options with the idea there may be multiple strategies and/or options that may fit your needs the best. Most of the press coverage we hear is on the EIDL or PPP program. Also, changes are happening daily so keep a lookout for new updated information as it comes available.