Question
PPP and EIDL I’ve read that if you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program (i.e., $10K EIDL advance) would be subtracted from the amount forgiven in the PPP. Is that your understanding?
I’ve read that if you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program (i.e., $10K EIDL advance) would be subtracted from the amount forgiven in the PPP. Is that your understanding?
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