The SBA has recently reopened the EIDL program and is now accepting applications for a 150,000 loan. If you did not take advantage of this economic relief loan already, perhaps you should consider the uncertainty of the upcoming months and evaluate whether these funds might be needed over the winter. Remember that the payments may be deferred for 12 months and there is no prepayment penalty. Therefore if you do not experience any loss this winter and were not in need of the funds after all, you may repay the loan plus the interest accrued during that time. If you have questions or want to discuss further please reach out to us at info@mbecpa.com or (608) 356-7733. Or if you are ready to apply, please do so at https://covid19relief.sba.gov/#/.

For more information, eligibility, and frequently asked questions please visit the SBA website.