Do I qualify for a paycheck protection covered loan if I've already applied for the Economic Injury Disaster Loan (EIDL) through the SBA Disaster Loan program, or other authorized additional lenders?

FAQ Answer

Yes, and the following are the limitations on a paycheck protection covered loan:

An eligible recipient of a covered loan for purposes of paying  payroll costs and  other obligations described in question two (Q2) shall not be eligible to receive an Economic Injury Disaster Loan (EIDL) for the same purpose.

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