Quote:
Originally Posted by hubbahubba
Quote:
Originally Posted by Spgm5
Quote:
Originally Posted by hubbahubba
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!
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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. |
Sorry I should have been more specific. The "forgiveness" amount of your loan will be determined by your expenditure during the period of February 15 to June 30th.