$10,000 EIDL GRANT

My answer still applies. They are using the previous 12 months of revenue February 1st 2019 to January 31st 2020 to determine (in part) eligibility for the EIDL.

Does that make sense?

 

I feel like a broken record

PPP is primarily for documented payroll for 2019. They provide 2 mos of the 12 mos average.

If you read the list I provided of what my bank required, you'd see that there are items which can be included, but they don't include things like equipment payment, etc.

The average 1 employee operation probably gets 10 to 20 thousand dollars on the PPP program. If 75% of it is used for payroll, the loan becomes a grant.

 

Interesting article. Thanks for sharing that. I might add that CNBC site has a lot of useful links/stories related to this situation.

 

Man, that's cold blooded!