Two low-interest loan programs that are among the myriad measures in last week’s $2.2 trillion federal Coronavirus Aid, Relief, and Economic Security (CARES) Act economic rescue/stimulus bill figure to be useful to many Bay Area small businesses, nonprofits and other organizations, members of a recent local business panel said.
During a “telephone town hall” meeting Tuesday convened by state Sen. Steve Glazer, D-Orinda, three small business experts said the Paycheck Protection Program (PPP) and the economic injury disaster loan (EIDL, or “idle”) contain some key differences, but both should provide some help for businesses beleaguered by the loss of customers (and sometimes employees) who’ve been told to stay home.
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