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central mich |
I think you are talking about the EILD program rather than PPP. It is my understanding that most of the PPP will be forgiven if the numbers work in your favor. We did not lie on the application and it will all be forgiven.
On the EIDL loans it appears $10,000 is a grant. But you could obtain a loan up $150,000 @ 3.5%. I think repayment starts after two years. A friend applied for and received $40,000. He is receiving statements of the debt monthly.
I applied for and received $10,000 and have not received any paper work showing interest or principal. So do believe that prob was a grant. | |
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Huge Variation on PPP Money Taken
