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EIDL Loan ForgivenessPPP Forgiveness

Asked a question 2 years ago

If I’ve received both PPP and EIDL, can I use funds from EIDL for payroll AFTER I’ve depleted funds from PPP over the 8 week period.

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I’ve read that if you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received ... in the PPP. Is that your understanding?

Is the $10k EIDL payment a grant or a loan? Under what circumstances must it be paid back? I am single member LLC with ... to understand each program separately.)

I am thankful in that we have received PPP funding and EIDL advance ($10,000). Do we think we'll be in line to receive ... of as many EIDL advances as possible?

Can I use EIDL funds to pay payroll while I'm waiting on the PPP?

For PPP forgiveness - Payroll costs and the other category expenditures during the 8 week period - are these ... or when I actually pay the expense?

If I was in business in 2019 but only started payroll in 2020, can I use the 2020 payroll to calculate the average monthly payroll for EIDL and PPP application?

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Asked a question 2 years ago

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