PPP and EIDL Survival Spell

This was supposed to be an episode about how to apply for the Paycheck Protection Program (PPP), the centerpiece of the CARES Act. But just hours before recording, the PPP ran out of money—meaning anyone who hasn't already applied won't be able to until Congress allocates more money for it. The Economic Injury Disaster Loan (EIDL) has also been greatly reduced in scope.

But there's still plenty to learn and lots to plan. The Money Witch and producer Sam Greenspan walk through how the CARES Act was supposed to work, how it fell apart, what to expect next—and how to prepare for it.