The act also excludes Economic Injury Disaster Loan, or EIDL, advances from the PPP loan forgiveness calculation and allows PPP borrowers to choose their own covered period, ending at any point ...

While the terms of the EIDL are good, "It's not as appealing as a loan that can be fully forgiven," such as the PPP, Detweiler says. Main Street Lending Program. The Federal Reserve opened this ...

Efforts to defraud the program were substantial. According to the Inspector General’s 2022 report, at least 70,000 PPP loans were potentially fraudulent. [1] The Small Business Administration recently ...

These programs, called the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL), were created to ...

There is no authority for these items to not be considered gross receipts since they were not exempted as part of the CAA unlike PPP loan forgiveness and EIDL advances; however, this appears to be ...