Most businesses don't have COGS- only manufacturing businesses do.
Many chose to accept 25k only even if they were eligible for more. They're now eligible for more than 4X 25k.
Question on this.
Gross income (2019) = a
Expenses (2019) = b
Net income (2019) = c
COGS = $0
In original EIDL app expenses were (mistakenly) entered as COGS so c was used for loan amount (50% of c)
SBA login screen shows 2*c as total loan amount which is four times what's currently on loan.
Should eligible loan amount now be 2*a - 50% of c?
How do I ask SBA to adjust this?