Employee Retention Credit
ERC and PPP

Following the outbreak of the COVID-19 pandemic, companies have been offered two primary alternatives for financial assistance: the Paycheck Protection Program Loans (PPP) and the Employee Retention Credit (ERC). ERC Services aims to give a comprehensive outline of these options, analyze their advantages and disadvantages, and address the queries employers may have regarding whether they are eligible for both ERC and PPP.

The CARES Act implemented the Paycheck Protection Program (PPP), which is overseen by the U.S. Small Business Administration (SBA). This loan initiative aims to aid small business owners who have faced financial challenges due to the COVID-19 pandemic. It enables them to seek loans of a maximum of $10 million to address expenses that go towards payroll and other eligible costs.