Quote:
Originally Posted by mililo4cpa
Those do not get put into the loan calculation amount. However, those are valid uses of the PPP funds, and will be used to help calculate the loan forgiveness....
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Thanks. I was afraid that was the case. Doesn't make a whole lot of sense. Asking for a loan based solely on payroll expenses. But it can be used and forgiven for things like rent. But we aren't supposed to lay off employees that the loan was based on keeping. So how does it cover something like rent if it is to be used for payroll? 'Merica