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Posted on 3/30/20 at 3:33 pm to VABuckeye
quote:
The document my bank sent me states that it's a 12 month average for the past 12 months.
Sorry, I didn't really ask what I meant to ask. When it comes to the forgivable % of the loan, they are saying to use the 2019 FTEs and the 2020 FTEs over the 2/15-6/30 time. So if I had 75 FTEs in 19 and 50 right now, my forgivable % of the loan would be 66.6%? We typically have a higher fluctuation of FTEs that are just dependent on the work we have going on.
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