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Schochoh Ky | From my reading and studying the application, the loan can be used for rent , ie office , or perhaps a restaurant location , bar , anyone that is renting their business location, interest due and loan payments due, operating expenses , and the big one , payroll for employees. If 75 % is used for payroll , then the loan becomes a grant , don’t know how you figure loan amount if using it for things other than payroll. Payroll is higher of 2019 or 2018 expenses. April and May totals , plus 25% . Local banks are handling these loans in our area. Lots of interest. | |
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SBA PPP question
