My understanding for the PPP loan forgiveness was that the entire loan would be forgiven provided your costs posted against it were totally within the requirements. However, our first run at it shows it being limited to 60% of payroll... (More)
NEW SBA LOANS145 followers45 questions55 posts
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NEW SBA LOANS
Today I want to share what seems to be a forgotten goody in the Cares Act for business owners and entrepreneurs.
If you are funded for a new SBA loan between now and September 15th, your first six months of... (More)
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NEW SBA LOANSPPP
Regarding PPP forgiveness, If an employer pays back payroll from their PPP funds, does this qualify for forgiveness. They are paying payroll during the 8 week period but its not for a current payroll cycle.
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NEW SBA LOANS
We are an S Corp. We pay the owner a salary and distribution. I understand that for PPP Loan forgiveness, we can only include his capped salary and not distributions. Are there any stipulations for the loan or the loan... (More)