Question

Can I apply for both Disaster and Regular SBA Loans at the same time?

Asked a question last year

I submitted for the Disaster loan, including submission of all documents. I was told by someone that if I would have applied for the regular SBA loan instead, and if I use the money to fund payroll and we retain employees, the money lent will be forgiven. Is this true? Would it be wise to submit for a regular SBA loan at the same time?

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Hi , Have you heard whether or not payroll forgiveness will be a component of the Disaster Loan or will it only be the ... forgiveness as well? Thanks.

we have three entities owned by the same person, the revenue were 700K, 1,7M and 4.4M in 2019. Can we apply the SBA Disaster or regular loan for each entity?