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How many farmers got PPP loans?
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Posted 7/29/2020 09:01 (#8402592 - in reply to #8402564)
Subject: RE: How many farmers got PPP loans?


TBD, but I assume if Sch F payroll is redefined as gross receipts, then it has the same definition of payroll in the forgiveness calculation for calculating 'owner compensation replacement', which means over 24 weeks a sole proprietor with no employees gets to keep it all.

Also, discussions about PPP round 2 for employers, if your gross receipts hit a certain level of reduction, I assume over Q2 or Q3.

And this is the $1T Senate bill which seems DOA since a bunch of conservative senators can hardly bring themselves to vote for it, so to match up with the $3T House bill it seems the Senate version will ultimately have to throw in more spending to get Democrat senators to push the bill across the line.

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