It is important to remember that you should consult your local lender to determine which loan, the Economic Injury Disaster Loan or the Paycheck Protection Program Loan is best for your business.
- Overview of the Paycheck Protection Program (PPP)
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
- Economic Injury Disaster Loan (EIDL) provided by the SBA
More insights on EIDL from Village Bank, open PDF.
- SIDE BY SIDE COMPARISON
Here is a side by side comparison of the PPP and the EIDL provided by the National Federation of Independent Business.