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Read the full transcript for this episode here.

Summary

Last week the U.S. Congress passed the largest economic relief bill in U.S. history and it has a lot to offer individuals and small businesses.

In today’s podcast, Scott Stratton, a financial advisor and a musician himself, breaks down the components of the CARES Act that impact music teachers and studio owners and tells us our next steps.

Resources

Paycheck Protection Program (PPP) Application

Employee Retention Credit

Unemployment Benefits Finder

Article: Paycheck Protection Program for Musicians

Coronavirus Deals & Discounts: musicstudiostartup.com/resources

Course: Vision & Values: A Studio Owner’s Guide to Finding Focus in a World Full of Options

Connect with Scott

Website: https://financeformusicians.com

Facebook: https://www.facebook.com/FinanceForMusicians

2 Comments. Leave new

  • Angelica Plass
    April 9, 2020 2:05 pm

    I heard deference is better than forbearance (Mark 00:16:00 in this podcast), especially for mortgages. If your loan is forborne for 2 months for example, at the end of 2 months you will have to repay those 2 months’ worth of loans and interests in full.

    Reply

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