Posted 7/29/2020 11:28 (#8402824 - in reply to #8402778) Subject: RE: How many farmers got PPP loans?
There is limited risk in the PPP loans not being forgiven for sole proprietors the way the rules are currently set up. Pretty simple process to apply for the loan. From the bank side relatively easy to process now. Still an evolving program with rules changes and law changes. The major question mark now appears to be whether the expenses paid with the loan funds as going to be deductible as noted above. I wouldn't hesitate to move forward with it.