Thread: News Hey Small Business Owners...What are you doing to ride the storm out?
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Old 01-07-2021, 09:26 PM   #689
IA_Chiefs_fan IA_Chiefs_fan is offline
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Quote:
Originally Posted by dlphg9 View Post
So did some reading just a bit ago about the SBAs rulings on the 2nd PPP loan. So if your loan is gonna be under $150,000 then you don't have to show a reduction in income.
Here's a bit of clarification I found...

"In addition to not having to submit any documentation, for loans under $150k, you don’t have to provide documentation of the 25% reduction with the application. You just need to provide it at the time of applying for forgiveness."
Last edited by IA_Chiefs_fan; 01-07-2021 at 09:33 PM..
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