4 ms·
I'm sure you're aware of PPP, but it's the more advantageous program (by far). EIDL grants were reduced to $1k/employee, instead of the flat $10k/company. EIDL
by ed 6y ago
I'm sure you're aware of PPP, but it's the more advantageous program (by far). EIDL grants were reduced to $1k/employee, instead of the flat $10k/company. EIDL interest rates are higher, the grants are smaller, and if you eventually enroll in PPP, you'll have to reconsolidate your EIDL debt with the new bank.
Better to ignore the status of your EIDL application and apply for PPP, in the hope the program gets additional funding. (Both EIDL and PPP are out of funds, at the moment.)
- jahn716 6y agoYea, ended up putting in a submission for PPP at the end of last week. Thanks for the heads up though! Didn't see it till just now...
- jasonsamoa 6y agoWe have been hoping for anything. $1k/employee would have been great