Posted 1/13/2021 15:32 (#8748362 - in reply to #8748249) Subject: RE: Quick PPP question
1% and I believe 5 yrs. more then likely you will have it forgiven before then except for a few exception, and they will get partially forgiveness likely. Banker and I were unsure about a paragraph on 60% has to be to wages,so don’t know if I have to pay myself 60% of loan for wage or if all can go to interest,rent expenses. Something we are going to ask if loan is approved by sba. Then all will be forgiven after bills are paid from my understanding.