How are those funds taxed?
SBA PPP and EIDL are loan programs so this essentially is debt. An existing QOZB can apply for each, but new development would not qualify. The SBA PPP could be forgiven if used for permissible purposes. I think your best hope is if the QOZB already had an existing business. If the business didn't start yet, you are out of luck.
If your QOZB qualifies, you can apply for any federal loan. Being a QOZB does not change anything about eligibility. Taxability depends on the specific federal program.
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