As near as I can tell, it is totally legal to apply for a loan from multiple lenders, so long as you don’t accept a loan from multiple lenders. (However, I am not a lawyer or an accountant, and I may be wrong about that.)
FWIW, for the Kabbage website, you’re supposed to check a box that says:
“During the period beginning on February 15, 2020 and ending on December 31, 2020, the Applicant has not and will not receive another loan under the Paycheck Protection Program.”
Yes. Receiving multiple loans is definitely illegal. But if one of them comes through, you should just stop doing anything on the others (or if need be, send the relevant lender an email saying that you are no longer eligible.)
FWIW, for the Kabbage website, you’re supposed to check a box that says:
“During the period beginning on February 15, 2020 and ending on December 31, 2020, the Applicant has not and will not receive another loan under the Paycheck Protection Program.”
Yes. Receiving multiple loans is definitely illegal. But if one of them comes through, you should just stop doing anything on the others (or if need be, send the relevant lender an email saying that you are no longer eligible.)