You can use it for future payroll costs, rent, utilities, and interest on debt obligations. Nothing else.
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In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!
Can someone clarify how much we can apply for the PPP loan, and if the total requested is limited to the 2.5 x monthly ... the amount that we are able to ask for?
What happens if an employee resigns during the period of time they were paid with PPP Funds? Would their portion of ... employee for a longer period of time.
For the PPP loan forgiveness that is available after 8 weeks. Is the amount you can ask for forgiveness 100% of the loan ... that was calculated in the PPP loan?
For PPP forgiveness - Payroll costs and the other category expenditures during the 8 week period - are these ... or when I actually pay the expense?