To our NYTHA community,
NYTHA hosted a webinar Monday morning, April 6, on the subject of the Paycheck Protection Loan (PPL, also know as either PPP or P3) and the Economic Injury Disaster Loan (EIDL), specific to our NY trainers. The PPL/PPP/P3 and the EIDL are part of the Federal Coronavirus Aid, Relief, and Economic Security Act, which is meant to keep businesses and individuals afloat during an unprecedented freeze on the majority of our lives.
Jen Shah, CPA and Director of Dean and Dorton’s Tax Services, walked us through a detailed explanation of the current information available for each program and deftly responded to advance questions from the audience. We extend our thanks to Jen and the team at Dean Dorton for giving us such an informative and thorough resource.
If you were unable to join us, or if you want to review the replay or view the slides again, we are posting the links here.
Click link below to scroll through slides:
Click arrow in image below to begin replay of the presentation:
Throughout the presentation Jen underscored the fact that you should solicit advice from your financial advisor, and we repeat that advice.
PPL (PPP or P3) Applications
Applications for PPL/PPP/P3 loans opened on Friday April 3, 2020.
Should you choose to apply for a PPL/PPP/P3 loan, you would do so directly from an SBA-approved bank or lender.
Should you choose to apply for an EIDL you can do so here: https://covid19relief.sba.gov/#/
The PPP/PPL/P3 and the EIDL are fluid and complex programs which we will continue to review and will share with you all emerging information we find to be helpful.