Just a quick note that we know many organizations have sent out emails encouraging business owners to consider applying for an Economic Injury Disaster Loan (EIDL) asap. We’d like to ask you to consider holding off on that for just a bit. Everything is happening incredibly quickly (the bill is supposed to be passed today), but there are various different options that are available to small business owners (some more beneficial than others) & it appears that if you choose one of the options (like this loan), that other options that may be substantially more beneficial to you won’t be available. 

We have CPAs in our office participating in 3 webinars today and another one on Monday regarding the bill & we are busy reading and digesting it as quickly as we can. We anticipate being able to have a conversation with you early next week to give you some guidance on what we believe will be your best option. In the meantime, if you have questions, please don’t hesitate to give us a call.

Thanks!

The Team at Rader & Rader