Quote:
Originally Posted by Mr. Plow
That's the one I'm watching for. Not sure on the specifics, but I believe they said you could take out 200% - 250% of your total monthly payroll as a loan. Then if you used it for employee salaries, benefits, or to keep your business open that it would turn into a grant rather than loan.
That may be way off on what it actually is, but it's what I remembered hearing.
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actually they said you can get 2 months payroll and all overhead covered. and if you didnt let anyone go or called them all back its going to be forgiven