Dear Jason – July

 In Dear Jason

Dear Jason:

Can I receive both a PPP loan and an EIDL loan?



Hi Ted,

Yes, you can receive both the PPP and the EIDL loans.  There are some restrictions for how the funds from the EIDL loan can be used.  The expenses that are forgiven for the PPP loan cannot be used as business expenses for the EIDL, if you receive PPP loan forgiveness.



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