Question

PPP PPP Loan Amounts

Asked a question 3 months ago

It seems unclear whether distributions to owners will be a forgivable payroll expense under the PPP. (I assume no?) Have you seen any language as to whether it is advisable to hold off on paying those to owners in order to not jeopardize the forgivable aspect of the loan or can it be assumed that distributions are being made with other funds and not loan funds?

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Answered 3 months ago

many I have heard from including CFO say YES, whether draw or salary dispersement. Better to beg forgiveness than ask permission situation?

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