The PPP loan application is SBA Form 2483 (4/20)
You can download and read the instructions & qualifications for said loan & forgiveness guidelines. It's right on the SBA website here:
Paycheck Protection Program Borrower Application Form
It's only 3-1/2 pages and very easy to read, understand & fill out...
I've copied & pasted the following paragraphs from the application:
"The Applicant will provide to the Lender documentation verifying the number of full-time equivalent employees on the Applicant’s payroll as well as the dollar amounts of payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities for the eight-week period following this loan.
For purposes of calculating “Average Monthly Payroll,” most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For seasonal businesses, the Applicant may elect to instead use average monthly payroll for the time period between February 15, 2019 and June 30, 2019"
$10,000 EIDL GRANT
Discussion in 'Ask An Owner Operator' started by Scooter Jones, Apr 3, 2020.
Page 71 of 133
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