COVID-19 Relief Package: 8 Ways to Access Funding
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Two questions:
- I never received the EIDL grant although I was entitled to it. I didn’t pursue it because it would have been deducted from my PPP. Now that has changed so how do I go about getting that EIDL grant?
- What documentation will be required for the second round of PPP showing the decreased revenue? As a SP with no employees my available documentation is limited to P&L statements.
1 Reply
Caruso, Gina
from Gina Caruso, CPA
As a SP you use your 2019 tax return schedule C.
You can go in the SBA website to apply for EIDL funds.
Lynda Bedford
from Lynda's Pet Services, LLC
I don’t think you understood my questions. I already got PPP using my Schedule C and I already received an EIDL loan. What I did not get was the EIDL grant. My PPP question goes to the documentation that will be required to show decreased revenue / it’s not the same standards used for the first round.
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