David N. McCullough CPA PC

Financial, Tax, and Family Office Services

If your business is too large to qualify for PPP and EIDL

If your company was too big to qualify for the PPP and EIDL loans, these new loans (MSNLF and MSELF )may be  possibilities.

They are slightly different programs:

MSNLF loans max at lesser of $25 million or 4X 2019 EBITDA;

MSELF maxes at lesser of $150 million, 30% or borrower’s existing outstanding and committed but undrawn debt, or 6X 2019 EBITDA

Your commercial bank or savings and loan will make these loans.

I just got this information and don’t have any other details yet.

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