PPP loans are not the same as Economic Injury Disaster Loans administered by the SBA, better known as SBA disaster loans. For one, no personal or business collateral is required for PPP loans, while an SBA disaster loan may require collateral for loan amounts over $25,000. Second, only certain specified expenses are considered authorized uses for PPP funds, while SBA disaster loans cover most operating expenses. Third, you can have access to credit elsewhere and still qualify for a PPP loan, while an SBA disaster loan generally requires that you have no other source of credit. Finally, PPP loans can be forgiven, while SBA disaster loans must be repaid. Read More FAQ’s