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Old 03-26-2020, 11:06 AM   #2
notorious notorious is offline
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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.
Goodness sakes.

Any business can manipulate numbers to make it appear like it went to employees.
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Old 03-26-2020, 11:10 AM   #3
Mr. Plow Mr. Plow is online now
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Goodness sakes.

Any business can manipulate numbers to make it appear like it went to employees.
I don't disagree. But, in our situation I would see most if not all going to those criteria. Since our office is opening & running as normal, we aren't in danger of letting people go, etc. Our biggest issue is our customers that have been closed being able to pay their bill so that we can pay our employees.
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Old 03-26-2020, 11:08 AM   #4
SAUTO SAUTO is offline
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Originally Posted by Mr. Plow View Post
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.
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
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Old 03-26-2020, 11:11 AM   #5
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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
Thanks. I knew I was close, but wasn't sure how close.
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