How to use your EIDL in 2021

Are you confused about what you can use your EIDL loan or EIDL advance/grant for? This video clears up the purpose of the EIDL program and how the EIDL money can be spent.

What IS working capital? You've heard it when it comes to using this money....what does it mean?

The document shown in the video is here: https://www.sba.gov/sites/default/fil...

Don't make the mistakes Jeff Grant did with his EIDL loan that sent him to prison. Watch his story here:    • He went to prison - What PPP Borrower...  

________________________________________________________________________
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO

🙋‍♀‍Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: https://claracfo.com/gusto

💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio

(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)

Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.