Paycheck Protection Program (PPP) & Economic Injury Disaster Loan (EIDL) | Can You Get Both?

April 21, 2020

This article is for educational and entertainment purposes only. This is not legal advice and should not be relied on as such. Every case is different. Consult a licensed professional in your state. Viewing this website or its content does not create an attorney-client relationship with Lyda Law Firm or any of its lawyers.

The Small Business Administration has authorized two different types of loans in response to COVID-19: the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL). In this video, we are are going to discuss if businesses can get both of these loans and what that means for loan forgiveness.

At the time of uploading this video, both of the funds have lapsed and new applications for these loans are not being accepted. However, Congress is expected to authorize more funding to reopen these programs in the near future.

All videos are for educational and entertainment purposes only. This is not legal advice and should not be relied on as such. Every case is different. Consult a licensed professional in your state. Mark Lyda is a Colorado-licensed attorney. Viewing this channel or its content does not create an attorney-client relationship with Lyda Law Firm or any of its lawyers.

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