I was told by Cross River that the SBA is now rejecting applications that include any compensation in excess of 100k per owner/employee, regardless of what the compensation is for.
In other words they're now defining the cap at 100k in total per person. This does not follow the IFR, but since they're the SBA they can do as they wish...
They notice it less if the total number of employees divided by the total loan is less than 20,833. If it's one or two employees and it exceeds these caps, they're quick to notice.