The Employee Retention Credit is a federal grant, not a loan, that gives businesses up to $26,000 per qualified employee for wages paid in 2020 and 2021. A company with 10 employees could get $250,000; one with 20 could get over $500,000.
Another thing that's been helping out clients is the ERC program, Employee Retention Credit. This is where the federal government is giving away— that's right, giving away. They're not making a loan. They're giving you money. It's a grant. It's a gift. Up to $26,000 for every employee that you had during 2020 and '21. So if you had 10 qualified employees, that would be just over a quarter million bucks. If you had 20 employees that qualified, just up to over half a million bucks.
