I bank with Navy Federal credit union, and they still haven't opened the portal for it. On June 22, 2020, the United States Small Business Administration (“SBA”) released additional guidance related to the Paycheck Protection Program loans (“PPP Loans”) in the form of an Interim Final Rule (“IFR”), which addresses the timing of submitting a loan forgiveness application and that the SBA will allow early loan forgiveness applications. The loan amount is based on your average monthly payroll cost for 2019. Submission procedures vary depending on the lender. Our guide has everything you need to fill out the application form. One week after issuing a Loan Forgiveness Application and step-by-step borrower instructions (discussed in an earlier blog), the Small Business Administration (SBA) released two interim final rules (IFRs) on the Paycheck Protection Program (PPP) loan forgiveness requirements and roles and responsibilities of borrowers and lenders.The IFRs cover the process for loan forgiveness and … PPP Loan Forgiveness: The Complete Guide COVID , Interim and Fractional , Tools and Lists Henning Schwinum June 9, 2020 Vendux LLC ppp , covid19 , recovery , staffing , loan forgiveness Comment Facebook 0 Twitter LinkedIn 0 Reddit Tumblr Pinterest 0 0 Likes Your personal bookkeeper will be there to walk you through everything so there’s zero learning curve. The U.S. Small Business Administration (SBA) released guidance Tuesday confirming that Paycheck Protection Program (PPP) loan forgiveness applications are not due on Oct. 31. Good recordkeeping and bookkeeping will be critical for getting your loan forgiven—you’ll need to keep track of eligible expenses and their accompanying documentation over the 24 weeks. Over the 24 weeks of the PPP period, you spend $36,000 on your employees, more than your PPP loan amount. If the employee rejects your re-employment offer, you may be allowed to exclude this employee when calculating forgiveness. After approving 5.2 million loans totaling $525 billion, the SBA began approving PPP forgiveness applications earlier this week. How will PPP loan forgiveness affect my taxes? Editor’s note: on December 20, a bill was formed that will simplify forgiveness for loans of $150,000 or less. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business. Over the 24 weeks of the PPP period, you spend $36,000 on your employees, more than your PPP loan amount. Do not send it to SBA. Here is a full breakdown of the PPP Flexibility Act. If you received your PPP loan before June 5, you can still use an 8-week period. Here’s our step-by-step guide to filling out your PPP Loan Forgiveness Application form. The Top (Lesser Known) COVID-19 Small Business Relief Resources, A Guide to SBA 7(a) Loans for Small Businesses. Take the largest number you obtain. December 31, 2020 is the final cutoff date for eligible expenses. Let’s say you have three employees and they each made $3,000 per month, meaning your PPP loan amount was $22,500 (3000 x 3 x 2.5). Learn more about who we are and how we can help beyond monthly bookkeeping. Commentary: Help small businesses: Simplify PPP loan forgiveness process By Christopher Williston, For the Express-News June 25, 2020 Facebook Twitter Email LinkedIn Reddit Pinterest Loan forgiveness should be applied ten months after expiring of the repayment period, failure to which interest applies from the date of disbursement. The lender then submits the request to the SBA, which makes the final decision on the amount of forgiveness a borrower should receive. Payments to independent contractors cannot be included in the payroll costs. These are the required documents you will need to collect to provide with your PPP loan forgiveness application. Editor’s notes: On June 17, 2020, SBA and tTreasury released an update to its standard forgiveness application to reflect program changes under the PPP Flexibility Act, as well as a new EZ application. You must maintain at least 75% of total salary. You can rehire any staff that were laid off or put on furlough and reinstate any pay that was decreased by more than 25% to meet the requirements for forgiveness, if those changes were made due to COVID-19 between February 15 and April 26. Anyone else filed for forgiveness? Used 100% as owner compensation over 10 weeks. There is no prepayment penalty. Should I just send my PPP E-Z forgiveness form to the SBA? False. Submitted my 2019 Schedule C with it. For borrowers with a potential loan payment looming, it can be tempting to rush into the PPP loan forgiveness process, but making sure your members know … The Paycheck Protection Program is a brand new lending initiative—and, as such, there are still a lot of question marks as to how to qualify for loan forgiveness. This requirement will be individually assessed for every employee that did not receive more than $100,000 in annualized pay in 2019. Your lender may have additional requirements. Mortgage interest on a warehouse you own to store business equipment, Auto loan interest on a car you own to make business deliveries. Note: in order to get your loan forgiven, you’ll need to fill out a PPP Loan Forgiveness Application Form. (Read a CPA’s guide on how the PPP, PUA, and EIDL will affect your 2020 taxes). If you get a number equal to or larger than 1, you successfully maintained your headcount and meet this requirement. If you only hire back two out of the three employees, your workforce is 67% (two thirds) of your original headcount. As with all PPP loan forgiveness applications, you apply for forgiveness through your lender. To withdraw your application for loan forgiveness, first sign in to our PPP loan forgiveness portal using the link provided to you in an earlier email. Now, a firm has more time to spend the PPP loan since the period of the loan has been extended to 24 weeks (previously eight weeks). The lender will then apply to the SBA. Your lender and the SBA have the right to request and audit your business’s financial documents and records. I just checked their website and it is saying not to apply if your 24 weeks hasn't been reached. Learn more about PPP audits in our 5 minute guide of what you need to know. The cap amounts are computed using your net profit from line 31 of your 2019 Schedule C. Your easy-peasy road to 100 percent loan forgiveness is the 11-week program. Has anyone used Kabbage for their SBA PPP Loan? Any interest paid on mortgage on property used for business purposes is an eligible expense that the PPP can be used for, and qualifies for forgiveness. PPP borrowers should request the rebate through the lender that issued the loan. You do not need to adjust your payroll schedule. The following conditions will also apply: Eligible expenses are those that are incurred over 24 weeks, starting from the day the first payment was made by your lender. A sub for business owners to discuss and problem solve the use of PPP loans. As an example, let’s say you receive an EIDL emergency grant for $3,000. PPP loan forgiveness: 3 things to consider 1. At least 60% of your loan must be used for payroll costs. We support America's small businesses. For the most up-to-date list of lenders taking forgiveness applications, check out our overview. You have until December 31st to do so. Bench assumes no liability for actions taken in reliance upon the information contained herein. In just 6 minutes you can read a CPA’s breakdown of these safe harbors. Learn more about who we are and how we can help beyond monthly bookkeeping. They say that because there are criteria that will potentially reduce your forgiveness amount to which the answer won’t be known until the end of 24 week period. For more information, visit www.pppforgivenesstool.com. Sign up for a trial of Bench. Take 5 minutes to read our blog post for the self-employed to learn more. Yes, as long as you pay it on the next regular billing date, any of those eligible non-payroll expenses (utilities, rent, mortgage interest) can be claimed for forgiveness, prorated to the end of the covered period. If you have started, but not yet submitted, a loan forgiveness application: You are welcome to continue with your application or withdraw it and reapply using the new application when it becomes available. You, the borrower, may not be responsible for repayment of the loan if … Otherwise, your outstanding balance will continue to accrue interest at 1%, for the remainder of the 5-year period. Business expenses on electricity, gas, water, transportation, telephone, or internet access are eligible uses of PPP funds and qualifies for forgiveness. PPP Loan Forgiveness: What We (Think) We Know, What’s Still Unclear and What Borrowers Can Do Now. Furthermore, your business will need to have complete financial statements at the end of your fiscal year. Get a dedicated bookkeeper to track your expenses. The eight-week period to use your PPP funds has now been extended to 24 weeks. Check out our guide on selecting an 8-week or 24-week period written by a CPA, Learn more about how payroll providers are supplying PPP specific reports, Read more about what you need to know about PPP audits, step-by-step guide to filling out your PPP Loan Forgiveness Application form, How the Paycheck Protection Program Affects 2020 Taxes, Read a CPA’s guide on how the PPP, PUA, and EIDL will affect your 2020 taxes. FRAUD REPORTS ARE INCREASING As banks phase out PPP loans, and report findings. For loans being disbursed July 16 and later, this means that you will not be able to take full advantage of the 24 weeks. Bench is an affordable and powerful financial reporting software. Press question mark to learn the rest of the keyboard shortcuts. Your loan may be eligible for forgiveness for expenses related to payroll, mortgage interest, rent, or utilities paid or incurred within 24 weeks following the origination date of your PPP loan. BOA said they were going to have SBA PPP loan forgiveness web portal open in August, which has come and gone. The SBA posted the PPP loan forgiveness application on its website on June 16, so it is possible to start applying for forgiveness now. If you get a number smaller than 1, you did not maintain your headcount and your forgivable expenses will be reduced proportionately. No pressure, no credit card required. The conditions of the Paycheck Protection Program, Reductions in your forgiveness amount (examples), Forgiveness for self-employed individuals, After the 24 weeks: applying for loan forgiveness, Recordkeeping and required documents for forgiveness. PPP forgiveness approvals could begin soon, SBA says The Small Business Administration has received more than 96,000 Paycheck Protection Program loan forgiveness … Documents verifying the number of full-time equivalent employees on payroll and their pay rates, for the periods used to verify you met the staffing and pay requirements: Payroll reports from your payroll provider (Learn more about how payroll providers are supplying PPP specific reports), Income, payroll, and unemployment insurance filings from your state, Documents verifying any retirement and health insurance contributions, Documents verifying that your eligible interest, rent, and utility payments were active in February 2020, Documents verifying your eligible interest, rent, and utility payments (canceled checks, payment receipts, account statements). If you don’t have a reliable bookkeeping solution in place, Bench can do your bookkeeping for you, all online. (Read more about what you need to know about PPP audits). The main factors to consider are whether you’re a self-employed individual collecting the owner compensation benefit, and whether you have enough eligible expenses to spend the loan on. This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Got this from Bank of America on Friday, October 9th: New Paycheck Protection Program Loan Forgiveness Application. For example, if you’ve received a PPP loan through two businesses and you’ve received $15,000 in owner compensation replacement from your sole proprietorship, you’ll only be eligible for $5,833 of owner payroll from your other business. The best part of the Paycheck Protection Program is that 100% of the loan can be forgiven—if you meet certain criteria. The deadline to apply remains June 30, 2020. Your PPP loan and its forgiveness for “compensation” are capped at $15,835 under the eight-week covered period or at $20,833 under the 24-week covered period. If you didn’t have any other payroll expenses factoring into your PPP loan amount, this means that your entire PPP loan could be forgiven for the 24-week period. Please note that once we submit your application to the SBA you will be unable to withdraw it. You would be able to have $15,075 forgiven. Wells Fargo sent me the invitation to submit my forgiveness today. Ready to apply for forgiveness? There is this owner-employee cap that’s basically limits how much a small biz can pay its owner, which i think makes one-person shop impossible to get 100%??? Note that employees who reject offers for re-employment may no longer be eligible for continued unemployment benefits. Firms also have until Dec. 31, 2020 to rehire workers (previously, they had until June 30). You claim the full $22,500 of your loan for forgiveness. But things get more complicated when you don’t keep your headcount and employee pay levels the same. Employees who were employed as of February 15, 2020, and were laid off or put on furlough may not wish to be rehired onto payroll. Even if you are currently working at home now, you are not eligible to claim home mortgage interest payments for forgiveness. You can be granted both the PPP and the EIDL Advance, however, the proceeds from any Advance up to $10,000 on the EIDL loan will be deducted from the loan forgiveness amount on the PPP loan. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Get started on a free trial today to learn more. I am assuming most of us will be all applying on December 31st and then the delay will be that they were overburdened. (If your loan was disbursed before June 5, 2020, you can also choose an 8-week period to spend your PPP loan funds on SBA forgiveness eligible expenses.) The Small Business Administration (SBA) is working to finalize the details on both. Final Treasury and SBA FAQs on PPP forgiveness are expected to be released soon and the PPP Loan Forgiveness Tool will be updated to reflect any new changes. You claim the full $22,500 of your loan for forgiveness. On October 8, the Small Business Administration (SBA) announced changes to the Paycheck Protection Program (PPP) loan forgiveness process, including a simplified loan forgiveness application (SBA Form 3508S) for certain borrowers with PPP loans of $50,000 or less. Subsequently, you receive the PPP loan for $25,000. Applications for loan forgiveness will be processed by your lender. our blog post for the self-employed to learn more. Repeating that for each employee would result in a total of $18,000 forgiven. If you have mortgage interest, rent, or utilities expenses, you must have claimed or be entitled to claim a deduction for those expenses on your 2019 Form 1040 Schedule C in order to claim them for forgiveness. BOA case manager. Let’s first review the terms of the PPP. If you are self-employed but received a PPP loan through multiple businesses, you are capped at $20,833 in owner compensation across all the businesses you’ve received a PPP loan through. All payroll that your employees incur over the 24 weeks is eligible, even if the actual payout date falls outside the eight weeks. Did you get 100% forgiveness tho? You can receive 2.5 times that amount, to help cover eight weeks of payroll. If we assume you do not qualify for any rehiring exemptions, when it comes to calculating your forgivable amount, because your workforce is smaller, your forgivable amount will be multiplied by 0.67. We are taking steps to make this new PPP loan forgiveness application available to you. No idea when I'm supposed to file for forgiveness by and how? If you have already submitted a loan forgiveness application: We will continue to process your application unless you inform us that you would like to withdraw your application and reapply using the new application when it becomes available. Your net profit that was reported on your Form 1040 Schedule C is multiplied by 8/52. When Can I Submit My PPP Forgiveness Application? Further reading: How the Paycheck Protection Program Affects 2020 Taxes. PPP loan forgiveness rules make it hard for some business owners to use money. The best part? Read more on how a CPA breaks it down. Read more about PPP Rules on Rehiring (FAQ). Yes! Extends the deadline to use a PPP loan to December 31, 2020, from June 30, 2020. We are an online bookkeeping provider powered by real humans. For example, if you worked in an office space in 2019 and did not have a home office, you could not have claimed a deduction on your home mortgage interest. Applications for loan forgiveness will be processed by your lender. Then click the "Withdraw or decline loan forgiveness" button at the top of the page. Getty. Let’s say you have three full-time employees and they each made $3,000 per month, meaning your PPP loan amount was $22,500 (3000 x 3 x 2.5). Our guide has everything you need to fill out the application form. If you’re a seasonal employer, you must divide by B1. It will also make it easier for many current PPP borrowers – especially with loans of $150,000 or less – to request Forgiveness. The 75% minimum salary is $2,250, so you’re paying each person $250 less than that each month. You had to lay them off in February due to COVID-19. Friends don’t let friends do their own bookkeeping. Should you go ahead and apply now, if … The CARES Act, which was enacted on March 27, 2020, implemented the Paycheck Protection Program ("PPP"), which allows small businesses to receive a forgivable loan of … Spending your PPP funds on the right things is straightforward enough. If you've already submitted your application, please call us at 866.457.4892. If you had a PPP loan prior to the Paycheck Protection Program Flexibility Act being signed, you can choose to use the original 8-week period instead of the 24-week period. Where to Apply for a PPP Loan Various financial institutions are approved to issue PPP loans to borrowers in the United States of America. You can pay off the outstanding balance at any time with no additional fees. SBA hasn’t forgiven one loan yet. You now need to spend only 60% of the funds on payroll. Learn more. Any expenses that you claim for forgiveness under the PPP cannot then be deducted from your expenses. The SBA has just begun processing forgiveness requests. After you submit your application for forgiveness, your lender is required by law to provide you with a response within 60 days. Currently, there's north of $100 billion left in the program's coffers. It must go through your bank first. All expenses that fall under those categories are eligible for forgiveness. (Check out our guide on selecting an 8-week or 24-week period written by a CPA). Here is the calculation you can use to determine if you’ve met this requirement: First, determine the average number of full-time equivalent employees you had for: The 8-week or 24-week period following your initial loan disbursement, (A), and January 1, 2020 to February 29, 2020. This article will be updated as more information is released. If any of these conditions apply to an employee, you can also qualify for an exemption: You may also be required to demonstrate you were unable to hire similarly qualified employees for unfilled positions, or document that due to safety requirements, you were unable to return to normal operating levels. The difference is scaled up to a 24-week period, ($250 * 6), so $1,500 would be deducted from the forgivable amount. Stay informed on how to qualify for PPP loan forgiveness. If you have not yet submitted a loan forgiveness application and want to apply using the SBA Form 3508S: Please disregard an earlier email you received from us, which included a link to access our loan forgiveness application. On November 18, the IRS confirmed that any forgiven expenses will not be tax deductible. Previously, you had to spend at least 75% of the funds on payroll. No. A growing number of banks and small business owners, including many within the long-term care sector, have been waiting to file for loan forgiveness under the $760 billion program, in the hopes that the government would issue simplified guidance. Share; Tweet Reddit Flipboard ... Senate to give businesses more time to qualify for loan forgiveness… The remaining PPP funds will need to be spent on utilities, rent, and mortgage interest expenses in order to be forgiven. * Check out our full review of What Are Utility Costs for the PPP? You must maintain the number of employees on your payroll. You will need to fill out a PPP Loan Forgiveness Application form and submit that to your lender. We’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep. If you had a PPP loan prior to the Paycheck Protection Program Flexibility Act being signed, you can choose to use the original 8-week period instead of the 24-week period. If you are using an 8-week forgiveness period, you can claim 8 weeks’ worth of your 2019 net profit as owner compensation replacement. This is not necessarily the date on which you signed your loan agreement. You have, in most cases, up to 24 weeks from when your loan was disbursed to spend your loan funds on SBA forgiveness eligible expenses. You must have made an written offer to rehire in good faith, You must have offered to rehire for the same salary/wage and number of hours as before they were laid off, You must have documentation of the employee’s rejection of the offer, They voluntarily requested and received a reduction of their hours. Any expenses you will be applying for forgiveness on should not be included in your deductions on your tax return unless suggested by a tax professional. a CPA’s breakdown of these safe harbors. This forgiveness application will be used by any borrower who cannot use Form 3508S or Form 3508EZ, or who chooses to fill out the full lengthier application. In order to get forgiveness, you’ll need to complete a Forgiveness Application form and submit it to your lender. You are entitled to use the PPP loan to replace lost compensation due to the impacts of COVID-19. This is important as now 100% of the PPP loan given to a sole proprietor with no other payroll can be forgiven! Your lender may allow you to provide additional documentation so they can reevaluate your request. Press J to jump to the feed. (B2). Please make sure you visit the SBA, U.S. Treasury Assistance for Small Businesses, and U.S. Treasury FAQwebsites for the latest information and guidance related to the Paycheck Protection Program. The SBA last week released data on PPP loans above $150,000, revealing data errors and loopholes exploited by larger companies to get more than $10 million, the program’s maximum loan size. As a general partner in a partnership, your eligible compensation is based on your partnership 2019 net earnings. Immediately after your loan is approved. The forgiveness period has been extended — I believe to either 24 weeks from origination or 12/31/20, whichever comes first. Will there be more changes to the program? You hire back all three of your employees, but you only pay them $2,000 a month. Your forgivable amount will scale in proportion to the amount you spend on payroll, up to the total loan amount. What happens if I’m not approved for forgiveness? When it comes to calculating your forgivable amount, we look at each employee’s individual compensation. Got this from Bank of America on Friday, October 9th: New Paycheck Protection Program Loan Forgiveness Application, On October 8, the Small Business Administration (SBA) announced changes to the Paycheck Protection Program (PPP) loan forgiveness process, including a simplified loan forgiveness application (SBA Form 3508S) for certain borrowers with PPP loans of $50,000 or less.*. There is a deadline for applying for forgiveness: business owners have to apply within 10 months of their PPP loan ending in order to avoid having to start payments. Want to read more into these exemptions? This is where Bench comes in. We will send you a new email with information on how to access the updated loan forgiveness application when it becomes available. I’m a SMLLC with max loan amount $20833. They clarified that you should assume you will receive forgiveness on the eligible expenses regardless of whether you’ve received (or applied for) forgiveness yet. Take A and divide that by B1. in our 5 minute guide of what you need to know. Information about your application status will not be available through our financial centers or contact centers due to the nature of this loan process and the steps involved. The funds from the PPP can be used for the following purposes: Payroll—salary, wage, vacation, parental, family, medical, or sick leave, health benefits, Mortgage interest—as long as the mortgage was signed before February 15, 2020, Rent—as long as the lease agreement was in effect before February 15, 2020 (here’s what’s included in rent), Utilities—as long as service began before February 15, 2020 (here’s what’s included in utilities). The SBA is currently taking applications, however you must first apply to your lender. A forgivable PPP loan is already tax-free, so the IRS wants to prevent double-dipping (getting free money from the same source twice). Read more in our simple guide for partnerships. Over at Alpine Bank in Glenwood Springs, the bank started forgiving the more than 4,000 clients that received a PPP loan. Forgiveness has begun with the SBA last reporting on Nov. 22 that nearly 600,000 forgiveness submissions had been submitted, with about half of the $83.2 billion completed. No, prepayment is not an allowed use of the PPP and is not eligible for forgiveness. However, salaries eligible for forgiveness remain capped at $100,000. Do the same with B2. Not sure if you should go with the 8-week or the 24-week covered period? If the employee’s pay over the 24 weeks is less than 75% of the pay they received during the most recent quarter in which they were employed, the eligible amount for forgiveness will be reduced by the difference between their current pay and 75% of the original pay. The maximum partner compensation is capped at the 2019 Schedule K-1 net earnings from self-employment (reduced by claimed section 179 expense deduction, unreimbursed partnership expenses, and depletion from oil and gas properties), all multiplied by 0.9235. Updated: August 5, 2020. The 8 week period applicable to forgiveness has been extended to 24 weeks. Share this article. Here’s our comprehensive guidance on setting yourself up for full loan forgiveness. After the SBA makes the program available, we’ll begin accepting new PPP loan applications. They have forgiven for people who have elected to do the 8 week period. The minimum 75% rule spent towards payroll costs to be eligible for full forgiveness has been decreased to 60%. Hopefully guidance will be released sooner rather than later. It was supposed to open mid September, but they're delaying it. *Loans of $50,000 or less does not include borrowers that, together with their affiliates, received loans totaling $2 million or greater. A conversation with a bookkeeper can help make sense of your specific situation. Properly hiring back employees may be complicated, but our guide simplifies it for you. Get started on a free trial today to learn more. Application calculation I’m eligible for 100% forgiveness. You must retain your supporting documents for six years after the loan is fully forgiven or fully repaid, and provide them to the SBA or the Office of Inspector General if requested. It was rather simple. Your lender will likely require these documents in digital format, so take the time to scan any paper documents and keep backups of your digital records. Forgiveness application Based on this, we recommend that borrowers and CPA firms wait for the final guidance before generating the final signed SBA form 3508. The new PPP legislation includes changes to forgiveness—including a simplified forgiveness process for borrowers with loans under $150,000—and expanded expenses that are eligible for forgiveness. Take 10 minutes to read our walkthrough of how to fill out your PPP Loan Forgiveness form. Before you do anything with your PPP money, make sure you understand your specific requirements for loan forgiveness.. To qualify for total PPP loan forgiveness, you must use the funds within 24 weeks after your initial loan disbursement or by December 31, 2020—whichever one occurs first—and only for approved costs. how to fill out your PPP Loan Forgiveness form. While these are the current eligibility requirements for loan forgiveness, those requirements may change moving forward. Trial today to learn more about who we are taking steps to make this new PPP loan forgiveness form! When I 'm supposed to file for forgiveness under the PPP Flexibility.. 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Expenses that you claim for forgiveness through your lender and the SBA, which makes the Program 's coffers 5-year. 8 week period Auto loan interest on a car you own to make new! Makes the Program 's coffers person should consult his or her own attorney, advisor! Us at 866.457.4892 loan forgiven, you’ll need to know the keyboard shortcuts no additional fees 525 billion the... We’Ll do one month of your specific situation December 20, a guide to filling out PPP... Things to consider 1 out a PPP loan forgiveness: 3 things to consider 1 100... Still Unclear and What borrowers can do now amount of forgiveness a borrower should receive 150,000. The best part of the PPP period, you spend $ 36,000 on your average monthly payroll for. ) is working to finalize the details on both with information on how to fill out application... Hire back all three of your loan forgiven, you’ll need to adjust payroll... Least 60 % of the PPP can not be included in the United of... Should I just checked their website and it is saying not to apply remains June 30, is! Claim for forgiveness annualized pay in 2019 most up-to-date list of lenders taking forgiveness applications, however you maintain. You own to store business equipment, Auto loan interest on a you! Form 3508 off in February due to COVID-19 advisor with respect to referenced! The loan can be forgiven incur over the 24 weeks has n't been reached at employee’s! Lost compensation due to COVID-19 claim 8 weeks’ worth of your fiscal year period you... 'Re delaying it left in the payroll costs to be eligible for 100 % of your fiscal year owners use. With your PPP loan to replace lost compensation due to COVID-19 in Glenwood Springs, the SBA connects with...

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