Applying for the EIDL or PPP? Download this guide to share with your lenders and service providers.

Congress has just passed another bill providing $484 billion in relief aid, including $320 billion to replenish small businesses during COVID-19. We know that many lenders and small business development centers are unfamiliar with cooperative structures, and especially worker cooperatives.

To help, we’ve put together a few resources to share along with your applications for the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP):

Worker Co-op Guide for Lenders and Service Providers

Letter to clarify eligibility of cooperatives for the EIDL and PPP

Letter to support workplaces whose workers report earnings using the Schedule K-1 or Form 1099

 

Once you’ve applied, please share your experience with us here so that we can track data and experiences that will inform our advocacy efforts.

Posted in Member News, News, Policy.