Hey Small Business Owners...What are you doing to ride the storm out?

[mililo4cpa]

Originally Posted by O.city

Thats what I'm thinking i'm gonna do. Just file it and see what happens. I'm gonna use it to pay for employees either way and i'd think they want people to stay employed.

the banks are responsible for "underwriting" the PPP Loan (I use "underwriting" loosely, because they are ....I would think that they would be able to verify the existence of the business prior to the date requirement.

This is unchartered waters for me, and probably one of those details that nobody really thought about in the heat of the moment.

I would hope common sense and logic would dictate that those people were employed before, and you're trying to keep them employed during and afterwards....

If I can find an answer for you, I'll post....