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Message
re: Next Round of PPP Loans - Info Inside - Updated 1/8/21
Posted on 12/28/20 at 8:59 pm to LSUlove
Posted on 12/28/20 at 8:59 pm to LSUlove
quote:
For the new PPP, just to confirm, the 25% reduction is still gross sales?
As I read it; it’s revenue (total sales) down 25% or more comparing Q4 19’ to Q4 20’.
Those who got $150K or more last time are ineligible.
This post was edited on 12/28/20 at 9:00 pm
1
Posted on 12/28/20 at 10:21 pm to wiltznucs
It’s any quarter 2019 to the same quarter 2020.
Please link the language saying companies that received $150k or more last round are ineligible. I cannot find this language anywhere.
quote:
Demonstrate at least a 25 percent reduction in gross receipts in the first, second, or third quarter of 2020 relative to the same 2019 quarter. Provides applicable timelines for businesses that were not in operation in Q1, Q2, Q3, and Q4 of 2019. Applications submitted on or after January 1, 2021 are eligible to utilize the gross receipts from the fourth quarter of 2020.
Please link the language saying companies that received $150k or more last round are ineligible. I cannot find this language anywhere.
This post was edited on 12/28/20 at 10:27 pm
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