Any one doing ppp part 2?

Discussion in 'Ask An Owner Operator' started by 77fib77, Jan 18, 2021.

  1. AKDoug

    AKDoug Medium Load Member

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    You have to have a loss in a quarter, which I didn't, so we're not doing round two. I got my round one forgiveness on 12/5. It wasn't too hard, I sent in their requested records on my payroll, rent and utility costs and my bank approved it in 24 hrs, the SBA approved it four days later. The amount I took in round one was basically the equivalent of what I paid in taxes last year, and only 8% of the taxes I paid in the last decade so I don't have too much heartburn about accepting the money. First handout I've ever taken from the gov't and likely my last.
     
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  3. 77fib77

    77fib77 Road Train Member

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    All the corps are doing it, I don't feel bad about using it , if I can get it. As in we are not powerful like major corps are.
     
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  4. Cat sdp

    Cat sdp . .

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    My dopey bank continues to say wait until the government gets it together to apply for forgiveness on the first one ........

    I’m passing on #2
     
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