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01-06-2021, 01:07 PM #1
- Join Date
- Aug 2014
- Posts
- 194
I think you are referencing PPP and people that misuse those funds. EIDL is an actual business loan that is paid back and doesn't have the restrictions that the PPP has in regard to the % that must be used for payroll.
EIDL will require you to obtain Hazard Insurance within 12 months of funding your EIDL loan as well.
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