Demystifying the CARES Act Webinar - April 3, 2020 CARES Act Webinar – BD 4.3.2020 | Page 23

PPP LOAN AND SBA EIDL LOAN EXAMPLE
The EIDL Loan balance must be refinanced
into the PPPL. Can't have both loans.
The maximum PPPL is now $600,000.
This additional $500,000 can possibly be
factored into the amount of the PPPL that is
eligible to be forgiven. Waiting on further
guidance.
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