After @AsherO pointed it out I realized it's 50% of the reported revenue for the last 12 months.
GREAT NEWS
https://www.sba.gov/sites/default/files/2020-05/IFR%20Forgivenss%20FINAL.pdfb. Are salary, wages, or commission payments to furloughed employees; bonuses; or hazard
pay during the covered period eligible for loan forgiveness?
Yes. The CARES Act defines the term “payroll costs” broadly to include compensation
in the form of salary, wages, commissions, or similar compensation. If a borrower pays
furloughed employees their salary, wages, or commissions during the covered period,
those payments are eligible for forgiveness as long as they do not exceed an annual salary
of $100,000, as prorated for the covered period. The Administrator, in consultation with
the Secretary, has determined that this interpretation is consistent with the text of the
statute and advances the paycheck protection purposes of the statute by enabling
borrowers to continue paying their employees even if those employees are not able to
perform their day-to-day duties, whether due to lack of economic demand or public
health considerations. This intent is reflected throughout the statute, including in section
1106(d)(4) of the Act, which provides that additional wages paid to tipped employees are
eligible for forgiveness. The Administrator, in consultation with the Secretary, has also
determined that, if an employee’s total compensation does not exceed $100,000 on an
annualized basis, the employee’s hazard pay
and bonuses are eligible for loan forgiveness
because they constitute a supplement to salary or wages, and are thus a similar form of
compensation. 