Covid-19 Relief

We are all hurting from the Coronavirus. Here are some ways to get some financial relief specifically from income lost over the pandemic.


If you have a business, there are two “loans” that are available from the SBA (Small Business Association). The hope is that the Federal government will forgive these loans as relief to the people. We will see.

Pick from either the PPP or the EIDL loan.
The PPP (Paycheck Protection Program) is set up to help businesses continue to pay their employees. The loan amounts will be forgiven as long as:
1. The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
2. Employee and compensation levels are maintained.
Here is the the full information which includes links to the application.–Fact-Sheet.pdf

(edit: We’ve just been notified that PPP money is gone, however, you can try the EIDL below)

The EIDL (Economic Injury Disaster Loan) program is a loan, but also a grant. The EIDL can loan up to $2 million at a 3.75% interest rate (2.75% for non-profits). But, there is a checkbox on the application for getting a “$10,000 advance”, which doesn’t have to be paid back, according to the SBA. This seems to only be available if your loan is grated, but the facts are hard to figure out, to be honest.
Here is the link to the application:

You actually can apply for both PPP and EIDL, but they can’t be used for the same thing.


The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was the 3rd relief bill signed to help people with Coronavirus relief. It was signed March 27, 2020, and it’s the only bill that will help people financially.

If you filed taxes for 2018 or 2019, and you used a bank account to receive a refund, you should see a payment of between $1200 and $4700. The first wave of deposits will start with those who have filed 2019 or 2018 tax returns and those who have direct deposit with Social Security.

But, some people could wait 20 weeks for payments. The government says that there will be a tool which you can use to apply if you don’t file taxes, which will be available April 17 at this link:

Unfortunately, that’s all there is for Americans for Covid-19 relief.

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