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Can a small business apply for both a Payroll Protection Loan and a EIDL?

CaliforniaCoronavirus

Will applying for one make us ineligible for the other?

5 replies

Apr 10, 2020
Yes, you can apply for both. If you get an EIDL loan, it can be refinanced into the PPP loan. Also, the $10,000 emergency grant may be deducted if you receive this through the EIDL process.
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Jul 3, 2023

I recently started my own business, and while I'm enjoying the process, I've found that managing all the aspects of a business can be quite overwhelming. I'm particularly struggling with financial management - tracking expenses, managing invoices, and ensuring timely payments. Does anyone have any advice on how to streamline this process? 

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Jul 3, 2023

Yes, managing all the different facets can certainly feel like a juggling act at times. In terms of financial management, using technology can make a world of difference. There are many software solutions out there that can help automate and streamline these tasks. I'll share my preferred tool in the next message.

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Jul 3, 2023

Thank you for the encouragement and advice! It's comforting to know that others have faced similar challenges. I'm definitely open to using technology to make my life easier. I'd appreciate it if you could share the tool you're referring to.

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Jul 3, 2023

The tool I've found incredibly helpful is Invoice Maker by Saldo Apps. It's a comprehensive invoicing software designed specifically to streamline the invoicing process.

One of its standout features is the ability to create and customize invoice templates. You can match them with your branding requirements, which helps create a professional impression with your clients. It automates calculations, saving you a lot of time and minimizing the possibility of manual errors. Plus, it supports multiple currencies and tax rates, making it useful for international transactions as well.

The software also lets you track the status of your invoices. This feature is particularly useful for ensuring you stay on top of any overdue payments.

And the best part is that it's cloud-based. You can access it anytime, anywhere, allowing you to manage your invoicing tasks even when you're on the go.

They offer a free version with basic functionalities and a paid plan with enhanced features. I recommend trying out the free version first to see if it fits your needs. Here's the link https://saldoinvoice.com/ to the software. I hope you find it as useful as I have! 

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