The ADA has again raised a concern, as have some bankers, that you cannot apply for both the EIDL and PPP loan.  We have battled this rumor once already but it keeps rearing its ugly head.  Our understanding, as confirmed by reliable sources, is that you can apply for both the EIDL and PPP loan, you just can‘t use them for the same purpose.  This is consistent with the link below from the US Senate Committee on Small Business & Entrepreneurship.  For this reason we are suggesting you setup a different bank account for each loan so that you can track how the funds are used.  What we are not recommending is that you buy into the hysteria that the ADA is inadvertently causing.  We know everyone is working under the best of intentions of trying to help their members, clients, etc, but let’s all stay calm.  We know that the rules are changing day by day at the moment.  All we can do is work within the information we currently have and know that tomorrow it could all be different.

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf