Quote:
Originally Posted by SAUTO
I could be totally off but I think that 10k of an eidl loan will be forgiven also.
That could be more than the ppp for some
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This is correct...the initial "Bridge" $10K....
Also, if you you convert the EIDL to PPP, and assuming you use the PPP as intended (for payroll), you also get loan forgiveness (up to additional 25%) for mortgage interest, utilities, and rent....I believe that would eat into the EIDL portion of the loan....