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SBA loans and loan forgiveness
Posted on 3/29/20 at 10:35 pm
Posted on 3/29/20 at 10:35 pm
So I've been reading some about the SBA loans during the virus and how there are qualifications that can be met to not have to pay them back.
Anyone have more info on this, for instance I technically dont have any employees, I own a truck and drive it myself.
Would I qualify? As I've heard one of the conditions is not laying off employees, technically I have none.
Any information on this would be greatly appreciated
Anyone have more info on this, for instance I technically dont have any employees, I own a truck and drive it myself.
Would I qualify? As I've heard one of the conditions is not laying off employees, technically I have none.
Any information on this would be greatly appreciated
5
Posted on 3/29/20 at 10:52 pm to TigerDat
I don’t know but I hope it works out for you
Posted on 3/29/20 at 10:54 pm to TigerDat
Check the board, there's a thread. You should be able to qualify for something.
Posted on 3/29/20 at 11:11 pm to TigerDat
You’d have to produce payroll numbers
Posted on 3/29/20 at 11:50 pm to TigerDat
Posted on 3/29/20 at 11:58 pm to TigerDat
Thanks for the info.
Incase anyone else would be wondering, if I read what I found correctly.
They will look at your business expenses for 8 weeks starting on the day you get the loan. Certain expenses will count towards the forgiveness of the loan in that 8 week period.
Incase anyone else would be wondering, if I read what I found correctly.
They will look at your business expenses for 8 weeks starting on the day you get the loan. Certain expenses will count towards the forgiveness of the loan in that 8 week period.
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