Paycheck Protection Program deducts as a Duplication of Benefits the EIDL Emergency Grant amount.

FAQ#: 320 published 8-6-2020

Paycheck Protection Program deducts as a Duplication of Benefits the EIDL Emergency Grant amount.

Budget your spending of your EIDL Advance which is a Grant and also considered an;

(6) Unemployment grant

"If an applicant that receives an advance under this subsection transfers into, or is approved for, the loan program under section 636(a) of this title, the advance amount shall be reduced from the loan forgiveness amount for a loan for payroll costs made under such section 636(a) of this title."

(Rules change so often it takes a village to keep up.)

https://uscode.house.gov/view.xhtml?path=/prelim@title15/chapter116&edition=prelim

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