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Asked a question 2 years ago

I hired some new employees in Jan 2020. Can I include their payroll in my PPP application, or does it have to be the 2019 average? Can we use 2020 payroll numbers even if we are not a new business?

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

my bank asked for 2019 numbers but I also had numbers from April 2019-mar2020 prepared.   I’ve heard different banks going different directions with that but the actual code says it should be the last 12 months which includes this January.  If you prepare your documents on that basis they’ll likely take those numbers.