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 if received a PPP loan prior to applying for SVOG. If PPP loan received on or after Dec. 27, 2020, the amount will be deducted from SVOG. | May apply for EIDL, but cannot be used for the same purpose/costs as PPP |
Shuttered Venue Operators Grant Recipient | May not apply for PPP loan after receiving SVOG | May be eligible to receive a supplemental SVOG award | May apply for EIDL, but cannot be used for the same purpose/costs as SVOG |
COVID -19 EIDL Recipient | May apply for PPP, but cannot be used for the same purpose/costs as EIDL | May apply for SVOG, but cannot be used for the same purpose/costs as EIDL | The same business cannot apply for more than one EIDL |