A summary of criteria that must be met when considering different funding options
Type of Applicant | PPP Applicant | Shuttered Venue Operators Grant Applicant (SVOG) | COVID-19 EIDL Applicant |
---|---|---|---|
PPP Recipient | First Draw PPP borrowers may be eligible to apply for Second Draw PPP loans | May apply for SVOG if received a PPP loan prior to 12/27/20 | May apply for EIDL; PPP and EIDL can’t be used for the same purpose/costs |
Shuttered Venue Operators Grant Recipient | Not eligible to apply for PPP loan | May be eligible to receive a supplemental SVOG award | May apply for EIDL; SVOG and EIDL can’t be used for the same purpose/costs |
COVID -19 EIDL Recipient | May apply for PPP; EIDL and PPP can’t be used for the same purpose/costs | May apply for SVOG; EIDL and SVOG can’t be used for the same purpose/costs | The same business cannot apply for more than one EIDL |