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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« on: Yesterday at 10:55:22 AM »
Anyone here an accountant or know rules of PPP?
I took payroll at the end of 2020 for the entire year, I am under the understanding that I should be able to divide it by 12 and times it by 2.5 and apply for PPP based on that. Is that true or false?
I have been denied by 2 places already for insufficient documents and one of them being BOA telling me I need to prove I was open on Feb 15, 2020 and I must submit payroll documents for that month even though none exist. Based on that they told me in short go fly a kite.
Anything to be done here?
I took payroll at the end of 2020 for the entire year, I am under the understanding that I should be able to divide it by 12 and times it by 2.5 and apply for PPP based on that. Is that true or false?
I have been denied by 2 places already for insufficient documents and one of them being BOA telling me I need to prove I was open on Feb 15, 2020 and I must submit payroll documents for that month even though none exist. Based on that they told me in short go fly a kite.
Anything to be done here?