Thread: News Hey Small Business Owners...What are you doing to ride the storm out?
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Old 03-27-2020, 01:13 PM   #130
O.city O.city is offline
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Quote:
Originally Posted by mililo4cpa View Post
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.
I was told you would not be able to do both
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