Quote:
Originally Posted by Mr. Plow
I'm waiting until the bill passes to see exactly what it is and what I need to do. I'd rather try to apply for the one that at least a portion doesn't have to be repaid vs. the other. If the first falls through for me, I'll try the next.
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If it were me, and assuming the PPP has to go through a lending institution, I'd be in constant contact with my bank. Since PPP is formula based, it should be relatively easy to calc out the amount you could borrow.
I would also continue down the road of the SBA EIDL.....you don't have to take the funding even if approved, so I would at least continue down that road first.
NOTE: I'm trying to get input on whether an approval of EIDL eliminates options on the PPP.....it's a concern I have.