Economic Injury Disaster Loan
In February 2024, SBA expanded the eligibility for the Hardship Accommodation Plan (HAP) for borrowers who are struggling with loan payments. Borrowers eligible for this plan may pay 10% of their usual payments for six months and will have the option to renew after the
plan concludes.
Employee Retention Credit
The Employee Retention Credit (ERC) is a tax credit introduced by the U.S. government as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020. Its purpose was to provide financial assistance to businesses and organizations affected by the COVID-19 pandemic to help them retain their employees.
