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Federal agencies and financial institutions are working diligently to implement the EIDL and CARES Act programs. In addition, Congress is currently negotiating legislation to add funds to assist Small Businesses through this challenging time. However, many questions still arise:
- If my application has been approved, what steps should I be taking now?
- If I submitted an application and it has not been approved, what steps should I take?
- Assuming additional funds will be approved, what changes can I expect in the procedures to apply for these programs?