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speaker and consumer advocate who's been producing this show since 2008. Thanks so much for downloading the show.

If you're like me, you are ready to come out of the coronavirus quarantine, but you're doing it slowly and

cautiously so we don't have to repeat this nightmare. And if you're someone who

has been doing essential work over the past couple of months,

thank you so much for making the crisis a little more tolerable for everyone who's been

sheltering at home. Throughout, I've been receiving a lot of questions from

Money Girl Podcast listeners and my book readers about different aspects of managing the crisis. And I think one of the managing the crisis.

And I think one of the most confusing parts of the whole thing has been the economic relief

package for workers and small business.

Many people are just confused about who qualifies for what program and how to apply

successfully. If you've been laid off or you've had your work hours cut due to the pandemic,

you're eligible for both state and federal unemployment

compensation.

That is a pretty straightforward situation.

And if you run a business that's been hurt by the economic downturn and you've got employees,

you qualify for something called the Paycheck Protection Program or PPP. It's a loan that's backed by the Small Business Administration that offers relief if you want to continue paying your employees, even if they can't actually do their jobs during the health crisis.

And if you use PPP funds for approved business expenses such as payroll, rent,

and utilities, you don't even have to repay the loan.

Additionally, there are other types of loans

that you can get through the SBA.

One of them is the Economic Injury Disaster Loan, or EIDL, idle. This one comes with potentially higher loan

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