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What is the EIDL advance and how does it affect my PPP loan?

The EIDL Advance was a grant program offered by SBA. The EIDL Advance funds were dispersed as follows: $1,000/employee, up to a maximum of $10,000. Recipients of the EIDL Advance and the Paycheck Protection Program (PPP) loan will have the amount of the EIDL Advance subtracted from the forgiveness amount of their PPP loan.