October 26, 2020

By: Neil Haggerty

Banks, PPP recipients caught in bind between two SBA rescue programs  

Michael Flynn commented on whether Congress might consider including the amounts of SBA Emergency Disaster Injury Loan grants in the SBA Payroll Protection Plan loan amounts eligible for loan forgiveness.

“Congress may have interest as a policy matter to do something similar to PPP forgiveness with the grant portion of EIDL. Congress has certainly shown an interest in addressing the concerns of small and midsized businesses and their impact on our economy through this COVID crisis.”

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