Posted 7/29/2020 08:10 (#8402508 - in reply to #8402369) Subject: RE: How many farmers got PPP loans?
Pocahontas, IA
My banker called me and I maxed out the PPP amount of $100,000 on schedule F as a sole proprietor. Divided by 12 months times 2.5 months of compensation for covid19 is $20833 which was used for mortgage interest and I have applied for forgiveness which was originally said to be 75% but is now 100%