While government relief programs like the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) grants and loans were a lifeline for some small businesses, many are still struggling to navigate a difficult economic environment. Some businesses discovered PPP didn’t provide as much relief as they hoped, perhaps because payroll wasn’t a significant concern. Others balked at the terms and conditions for EIDL loans — including collateral resulting in a UCC-1 filing for loans above $25,000.
This story originally ran in Landscape Business. View the full article here.