Financially Simple

In episode 277 of Financially Simple, Justin and David Kent take a look at the Emergency Injury Disaster Loan (EIDL). In light of the COVID-19 pandemic, the government has set terms for the EIDL that are favorable for business owners to help them get through the crisis. Justin and David go over the terms and conditions of the loan and give their thoughts on how best to use it. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:39 - The Emergency Injury Disaster Loan (EIDL) 02:45 - Repayment of the Loan 04:13 - Interest 04:32 - Collateral 05:24 - Use of Loan Proceeds 05:51 - Requirements 06:41 - Limitations 07:46 - What to Do With the Loan 14:12 - Summary 16:40 - Wrap Up   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit David