The post doesn't appear to be talking about the new Coronavirus relief bill, but rather the existing SBA Disaster Loans: https://disasterloan.sba.gov/ela/
The two are similar but are different in a few ways. Such as:
- The SBA Disaster Loans require a personal guarantee, but it appears that the Coronavirus relief does not
- The Coronavirus relief offers forgiveness for payroll expenses, but the SBA Disaster Loans do not
This is moving fast and as others have mentioned, the Coronavirus relief bill is brand new. You should talk to an accountant or a lawyer to learn which is right for you.
The two are similar but are different in a few ways. Such as:
- The SBA Disaster Loans require a personal guarantee, but it appears that the Coronavirus relief does not
- The Coronavirus relief offers forgiveness for payroll expenses, but the SBA Disaster Loans do not
This is moving fast and as others have mentioned, the Coronavirus relief bill is brand new. You should talk to an accountant or a lawyer to learn which is right for you.