Financially Simple

In episode 250 of Financially Simple, Justin makes an appearance on The Dental Guys' podcast with Chris Mahan to discuss recent changes made to the CARES Act. As the COVID-19 pandemic continues, the situation regarding aid for businesses and business owners is adapting to this unprecedented scenario. Justin, John, and the Dental Guys discuss the changes to the CARES Act, and how to apply for loans. This podcast is also available on their YouTube channel: https://youtu.be/WxDwW1uvrus Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:39 - Update on CARES Act 7a and 7b-What Do We Know and What Should We Do Now? 03:57 - The Economic Injury Disaster Loan (EIDL) 06:24 - What if a Business Owner has Applied for PPE but not EIDL? 07:33 - What Does it Cover? 09:02 - Should You be Applying Now? 10:21 - Understanding the PPE 18:59 - Understanding Recommendation and the Forgiveness Period 23:18 - What to do if You Have Already Applie