Somebody posted on the webinar last night that based on latest rules and regs, you couldn’t apply for both PPP and EIDL. I’ve seen some passing references to this, but nothing definitive online. When I spoke with the bank processing our PPP application today (hooray for local bank coming through for us!), they said they had heard nothing about that either and thought we could still apply for both.
Can anybody point me to a more definitive answer to this question? I submitted my EIDL application after the new application form came out and have not heard anything back from SBA yet other than the initial acknowledgment with the application number.