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Submitted EIDL for last week. Not sure what our chances are but have not received any update as of yet.


I'm sure you're aware of PPP, but it's the more advantageous program (by far). EIDL grants were reduced to $1k/employee, instead of the flat $10k/company. EIDL interest rates are higher, the grants are smaller, and if you eventually enroll in PPP, you'll have to reconsolidate your EIDL debt with the new bank.

Better to ignore the status of your EIDL application and apply for PPP, in the hope the program gets additional funding. (Both EIDL and PPP are out of funds, at the moment.)


Yea, ended up putting in a submission for PPP at the end of last week.

Thanks for the heads up though! Didn't see it till just now...




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