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.

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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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The information provided on this website is not legal advice. Visitors to this website should not act upon information contained in this website without obtaining professional advice. Neither viewing this website nor sending an email or other communication to Lyda Law Firm, Lyda LLC, or any other affiliates (collectively, "Lyda Group") creates an attorney-client relationship between you and the firm. Unless the firm has agreed to represent you, any communication from you to the firm by email or otherwise may not be treated as confidential or privileged. This site and its contents may be construed as attorney advertising. Any testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.