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      04-04-2020, 11:24 AM   #9
hubbahubba
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Drives: M3CX
Join Date: Jul 2019
Location: Az

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Quote:
Originally Posted by Spgm5 View Post
Quote:
Originally Posted by hubbahubba View Post
Yes, please let me know if/when you hear about the EIDL.

And yes, the PPP is forgiveable provided we use it for payroll, utilities, or rent on our building, and do not have a substantial loss of employees before September, (I think Sept...) It will cover 8 weeks from loan origination date for the forgiveable portion, and provided we show proof of how we spent it, it should be forgiven. Neat thing about the EIDL $10k is that the money can be spent on pretty much anything in order to keep the business going until PPP hits. A little band aid.

Stay safe, and wishing you and your business the best!
It's up until June 30th
Hi spgm5. Thanks for joining in. I am curious as to where you got the info re June 30? Everything I have read and been told is that it is 8 weeks from loan origination date.
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