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Asked a question 4 months ago

I just wanted to confirm that you can only apply for Disaster Relief or PPP loan, but not both .

Where am I?

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Rishi Khan
CEO Extreme Scale Solutions
  1. You can do both, but you can't use the same monies for the same reasons. That is, you can use EIDL for payroll AFTER PPP. You can use EIDL to pay your legal or account or 1099 expenses, or unallowed PPP expenses during the PPP covered period.
  2. The EIDL advance will be subtracted from the PPP forgiveness. You can't get the 'grant' twice.