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re: Small Business Resource Thread COVID-19
Posted on 3/31/20 at 10:30 am to VABuckeye
Posted on 3/31/20 at 10:30 am to VABuckeye
So in other words use the PPP loan just for payroll and the EIDL loan for expenses?
then one or the other or possibly both can partially be forgiven in the future?
then one or the other or possibly both can partially be forgiven in the future?
This post was edited on 3/31/20 at 10:31 am
Posted on 3/31/20 at 10:39 am to tgrbaitn08
quote:
then one or the other or possibly both can partially be forgiven in the future?
EIDL will forgive the advance 10k.
PPP will forgive 8 weeks of payroll, utilities, rent and/or interest.
If you take the 10k from EIDL, 10k of the PPP will not be forgiven.
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