COVID-19 has changed everything we have ever known about running a small business. It's confusing and scary. You are being called to make quick, path-altering decisions for your economic well-being on the daily. And you are simultaneously grappling with the looming existential crisis of whether your business is going to be relevant or viable in this altered economic landscape. But—we have the tools to make the decisions to navigate this new terrain. Jessie Susannah Karnatz, aka Money Witch, is a tax preparer and intuitive financial coach working money magic for healers, hustlers, and creatives. Join her for breaking updates and how-tos on navigating the CARES Act and other financial relief in this time of crisis.
Jessie Susannah Karnatz, aka the Money Witch, brings updates on applying for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL), what to do if you've already applied, and why (and how!) to get organized to apply this week.
This was supposed to be an episode about how to apply for the Paycheck Protection Program (PPP), the centerpiece of the CARES Act. But just hours before recording, the PPP ran out of money—meaning anyone who hasn't already applied won't be able to until Congress allocates more money for it. The Economic Injury Disaster Loan (EIDL) has also been greatly reduced in scope. But there's still plenty to learn and lots to plan. The Money Witch and producer Sam Greenspan walk through how the CARES Act was supposed to work, how it fell apart, what to expect next—and how to prepare for it.
Watch this space. www.healyourfinances.com
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