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Asked a question 2 years ago

In regards to the Payroll Protection Program (PPP), is the amount to borrow 2.5 times payroll with payroll being defined to include wages, health insurance premiums, consultants, lease payments and utilities? The last two items being particularly crucial to our specific business model.

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ami kassar
CEO Multifunding LLC and author of The Growth Dilemma

Rent and utilities not included in the 2.5 times calculation. They are part of forgiveness, but not for the borrowed amount