Demystifying the CARES Act Webinar - April 3, 2020 CARES Act Webinar – BD 4.3.2020 | Page 37

COMPARISON OF SBA DISASTER LOAN AND PPP LOAN οƒ˜The SBA Disaster - Economic Injury Disaster Loan (EIDL) Expands the businesses that are eligible for loans, modifies the loan terms, οƒ˜500 employee limit. οƒ˜ Difference – EIDL Max loan is lesser of: A) the average monthly payments for payroll, mortgage, rent, and other debt for the one- year period before the loan is made X 4, or B) $10M 37