Question

Asked a question 11 months ago

Hello folks! Is anyone familiar with the terminology on the EIDL application -- I am trying to figure out what SBA includes as "cost of goods sold"? And do I as an owner (not receiving W-2) or any 1099 contractors count as employees for the headcount question? Thanks!

Liked by T Katch

Where am I?

In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!

No answers yet.

In the EIDL loan docs it says: LIMITS ON DISTRIBUTION OF ASSETS · Borrower will not, without the prior written consent ... bonus without consent of the SBA?

If I have an employee who was an independent contractor in 2019 but is on salary in 2020, do I use their 1099 from 2019 in the loan calculation?

For the EIDL grant application, are you aware of whether independent contractors would be considered employees for the question on # of employees?

The Section 1112 of the EIDL, I think I miss understood today and need clarification on the 6-12 month deferment. Is ... existing SBA backed loans? . Thanks

If we have paid a 1099 employee through payroll and they apply for the grant through the EIDL can we include those funds in our payroll amounts for the loan?

I got emails from sba eidl but I can't log in to my account and I can not reset my password