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  1. M

    PSA: There are 2 DIFFERENT Coronavirus loans and it's unclear if they can be used for the same purpose (payroll, expenses, etc). Please discuss

    @ashiedu Yeah you are correct interest still accrues.
  2. M

    PSA: There are 2 DIFFERENT Coronavirus loans and it's unclear if they can be used for the same purpose (payroll, expenses, etc). Please discuss

    @613jono This seems the best course. I kept my EIDL application and will just see what the PPP gives me. Worst case I just pay back what isn't forgiven, although at 4% interest with a 10 year amortization and 6 month interest free deferment it's a hell of a nice loan to buy new equipment or...
  3. M

    PSA: There are 2 DIFFERENT Coronavirus loans and it's unclear if they can be used for the same purpose (payroll, expenses, etc). Please discuss

    There are 2 loans being thrown around and it's causing a lot of confusion, so I figured we can have one place to discuss them. The first loan is the SBA Disaster Loan Assistance https://covid19relief.sba.gov/#/ The only things they ask are for your gross revenues and your costs of goods sold...
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