EIDL Loan Frequently Asked Questions Part 4 | UPDATES TO SBA ANSWERS

In this video, we discuss EIDL Loan frequently asked questions. We have received thousands of questions so we figured we would answer then on this channel for anyone else looking for the same answers.

1. What can I use the EIDL grant on?
2. Is the EIDL grant part of the PPP Loan?
3. Can I buy a new computer with my EIDL loan?
4. Is my investment properties considered collateral?
5. Can I pay for my IRS taxes with my EIDL Loan?
6. Can I pay myself with the EIDL loan?
7. Can I pay my mortgage with the EIDL loan?
8. What are the approved uses for the EIDL Loan?
9. Is the EIDL loan forgivable?
10. Can I use my business income for anything I want with the EIDL loan?



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