qbteachmt
Level 15

EIDL is for Rent, debt, etc.

PPP is for Wages.

Two different provisions.

Did you go to where I posted the list? And it's in the pdf linked by sjrcpa, for PPP computation, you must include any EIDL into that computation:

"Step 4: Add the outstanding amount of any Economic Injury Disaster Loan
(EIDL) made between January 31, 2020 and April 3, 2020 that you seek to
refinance, less the amount of any advance under an EIDL COVID-19 loan
(because it does not have to be repaid)."

 

While the one can affect the qualification for the other, the Payroll wage PPP is not the same as the business impact EIDL, which is why PPP is not, for instance, for Rent, but EIDL is for rent, just for a specific example.

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