Hey Small Business Owners...What are you doing to ride the storm out?

[mililo4cpa]

Originally Posted by Trivers

They are exclusive.

SBA states to file for both. You can always turn down the EIDL $$$ if you get the PPP $$$

Not sure through the various posts if I answered this or not (apologies if I had not), but I've heard that you will be able to use PPP to re-finance any existing EIDL loans. I believe this will be the mechanism to ultimately make the EIDL effectively forgivable as well...

But the advice above I believe to be solid: Apply for both and keep the ball moving forward....don't hesitate! You do not have to fund even if approved. keep your options open!

Lots of unanswered questions at this point, but I'm hearing that much of these questions will become clearer early this coming week.