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Asked a question 10 months ago

1. The program indicates that eligibility is based on payroll and gives parameters on time frame, etc. It says that salaries over $100K cannot be included. Does this mean that if someone makes $105,000, you exclude them entirely from the calculation to arrive at available loan or does it mean that you simply limit them to $100,000? Similarly, when it comes to forgiveness of 8 weeks of payroll, would you have to exclude 100% of this person’s salary or can you include up to $100K of annual comp? 2. Many owners are compensated via a management fee or a guaranteed payment, because they cannot be on payroll as direct owners of an LLC, the most typical restaurant legal structure. Can their earnings be included in the calculation to determine loan size, as well as included in the 8 week payroll / related forgiveness?

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