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re: Small Business Resource Thread COVID-19

Posted on 3/31/20 at 12:07 pm to
Posted by baldona
Florida
Member since Feb 2016
20508 posts
Posted on 3/31/20 at 12:07 pm to
So is this the quick and dirty:

7(a) - Loan applied through bank, up to 250% of monthly payroll.

7(b) - Online, meant for quick access to funds to float you until 7(a) comes in
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35582 posts
Posted on 3/31/20 at 12:12 pm to
Yes.

However, it seems that your payroll also includes 1099 personnel and insurance premiums. I'm not sure if that's strictly health insurance premiums only or if it also includes other insurance premiums.

I would LOVE for it to include workman's comp premiums but that is probably a pipe dream.
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