PPP Loan info..
Discussion in 'Ask An Owner Operator' started by TruckerPete1990, May 4, 2020.
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So I got 10.5. I'm just paying myself that amount split in 8 weeks.
I'm setup as a llc scorp so I pay myself an actual paycheck and run payroll through quickbooks.Cat sdp and Hegemeister Thank this. 

The way it reads is 75% for payroll and 25% for lease's rent's and so on and so on. Long as 75% goes to Payroll you are set. If you just want a loan spend it how you want and pay the money back in 6 months when the first payment is due
slow.rider Thanks this. 
So the money should be transferred over exactly 8 weeks? Not 2.5 months?
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