Skip to main content
Asked a question 2 years ago

We closed our business and laid off our entire staff. If we only bring back 75% of the work force at the time the PPP loan is issued, under the PPP loan forgiveness, do we still get forgiveness for the full amount of the payroll for the 75% that have returned? or for the amount of the full payroll, will the forgiveness be reduced by 25% for the amount of employees that were not rehired because it was less than the entire work force? In other words, is the amount of the payroll at a lower FTE still 100% forgiven for the amount of that reduced payroll?

Where am I?

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

No answers yet.

Related Questions

Question Stats

205 views
3 followers
Asked 2 times
Asked a question 2 years ago
Last asked 2 years ago
Views this month