The Paycheck Protection Program (PPP) created

by the CARES Act prohibits borrowers from taking out two loans for the same purpose. If you are able to secure a PPP loan, the $10,000 EIDL grant will be subtracted from the PPP forgiveness amount.

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PAYCHECK PROTECTION PROGRAM (PPP)

Small business owners, self-employed individuals, and other eligible applicants who have been affected by the coronavirus might find relief with a Paycheck Protection Program (PPP) loan. For more information, please click the QuickBooks icon below.