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What if we did not get ERC for our company, but for fulfilling the basics of the company what are the alternatives?
Several issues come under ERC in terms of documentation and calculation under the observation of the government. However, there are several alternatives available to use rather than spending time on understanding what is ERC.
The pay protection program (PPP): is one of the greatest alternatives to the ERC.
Economic Injury Disaster Loan (EIDL): The EIDL program provided low-interest loans to small businesses and nonprofits affected by COVID-19.
These both are brilliant alternatives to ERC when a company has already faced several issues and can take advantage of these sources.
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