The FAQ specifically focuses on the new 7(a) Paycheck Protection Program loans and the Economic Injury Disaster Loan program with the $10,000 advance grant. It includes information on which businesses are eligible, how much they can get from each program, what the loans can be used for, forgiveness requirements, and where and how businesses can apply. There are links to resources from the federal government, the loan and application websites, as well as information from other organizations.
There are still some areas that we need clarity/guidance on from the SBA, so we will be updating as we get more information.
Erin K. Stackley, Esq.
Senior Policy Representative, Commercial Issues
National Association of REALTORS® I Washington, DC