Yes, PPP would either refinance the EIDL.. or you may be given a smaller PPP loan based on funds used for the similar purpose
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There is still a lack of clarity as it relates to applying for both.. and if you are able to keep and use the EIDL for purposes that are different then what is stated in the PPP. But yes we... (More)
If we have applied for the original EIDL loan and we are granted the $10K emergency advance can you still apply for the PPP Loan?