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SW Wisconsin | This was what I understood. From the forgiveness form:
The dollar amount for which forgiveness is requested (which does not exceed the principal amount of the PPP loan)
. . .
For any owner-employee (with an ownership stake of 5% or more) or self-employed individual/ general partner, does not exceed 2.5 months' worth of compensation received during the year used to calculate the PPP loan amount, capped at $20,833 per individual in total across all businesses. | |
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ppp loan
