Is the EIDL Forgivable? What you need to know now.

Is the Economic Injury Disaster Loan forgivable? What parts do you have to pay back on the EIDL and what is a grant/advance? Why has this been so confusing for borrowers!? In this video we will answer: - Is the EIDL forgivable? - What changes do you need to be aware of for EIDL loans in 2020 and 2021? - How long are the EIDL payments deferred for? - What is myth vs. fact? SBA FAQ sheet on EIDL: https://www.sba.gov/sites/default/files/2021-08/COVIDEIDL_FAQs-508.pdf _______________________________________________________________________ Get help with our PPP workshop/course for loans under $50k here for only $47: https://claracfo.podia.com/3508s-course-how-to-get-your-ppp-loan-forgiven-loans-under-50-000 If you have a loan between $50,000-$150,000, we have a PPP forgiveness workshop for that too: https://claracfo.podia.com/53c8a9d1-8720-4189-88dd-06fafbe431a2 For 1:1 help with your PPP or EIDL loan, book a time with Hannah to discuss your forgiveness here: https://claracfo.as.me/claritysessions 💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a free trial AND 12 months 50% off! https://claracfo.com/QBO 🙋‍♀‍Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: https://claracfo.com/gusto (As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases) Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

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