Small businesses that received government-issued COVID-19 loans are now grappling with their next challenge: applying for loan forgiveness. If the loans were used the way they were intended, the process isn’t too complicated. However, if business owners used a Paycheck Protection Program loan for something other than paying employees, for instance, it could get a little dicey.
We chatted with Ami Kassar of MultiFunding Business Loan Advisors on the latest episode of the “Winning on Main Street” podcast to learn which loans are still available and how to navigate through the loan forgiveness process. He also reveals details on new loans that are coming soon, such as the Main Street Lending Program.
A Sneak Peek
“The only place you can apply for an EIDL loan is at SBA.gov. You cannot be applying for an EIDL elsewhere. If you are, it’s a scam.”
More of what you can expect to hear:
- How to work with your bank to process the loan forgiveness request
- Which SBA loan options still have funding available for businesses
- How businesses that had a good 2019 could still get 6 months of an SBA loan forgiven
About “Winning on Main Street”
“Winning on Main Street” isn’t your everyday business podcast. We share stories of real small businesses that are winning using today’s modern technology. We talk with relatable, nose-to-the-grindstone entrepreneurs about starting and running their businesses.
“Winning on Main Street” is available wherever you love to listen including Simplecast, Apple Podcasts, Google Play Music, and Stitcher. Tune in to hear from business owners like you in roofing, healthcare, transportation and more.
About Gordon Henry
Thryv Chief Strategy Officer Gordon Henry hosts “Winning on Main Street.” An expert in the tools small businesses use to market themselves, Gordon asks podcast guests about the challenges they face and technology they use to get ahead. Learn more about Gordon.