Hey Small Business Owners...What are you doing to ride the storm out?

[mililo4cpa]

Originally Posted by kcclone

I would agree with your timeframe for getting money. I filed the EIDL application and will withdraw if we get approved for PPP.

I read a little earlier that you may be able to use PPP to refinance an existing EIDL loan....this may be the work-around for people to not have to withdraw the EIDL application. My guess is that EIDL funding will come sooner than PPP (pure speculation on my part), but this may give people the options they need (i.e. money in hand sooner without sacrificing the loan forgiveness aspect of PPP)