NDA compiles small-business loan guidance

With the passage of the $2 trillion economic relief package, which includes $350 billion for small businesses, questions abound pertaining to who qualifies for assistance and what kind of resources are available. 

The Department of the Treasury and the Small Business Administration have issued guidance on how to take advantage of the loan programs, which include:

• Economic Injury Disaster Loans (EIDL)
• Paycheck Protection Program (PPP) 

To help educate industry participants, the National Demolition Association (NDA) has compiled a detailed information page about these loan programs, including eligibility and how to apply. 

The information includes qualification criteria, loan parameters, accessing eligible grants, allowable uses for loans, loan forgiveness, interest rate and payment schedules, and more.

The NDA loan guidance document is available online.