Thread: News Hey Small Business Owners...What are you doing to ride the storm out?
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Old 03-26-2020, 11:06 AM   #33
notorious notorious is offline
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Join Date: May 2005
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Quote:
Originally Posted by Mr. Plow View Post
That's the one I'm watching for. Not sure on the specifics, but I believe they said you could take out 200% - 250% of your total monthly payroll as a loan. Then if you used it for employee salaries, benefits, or to keep your business open that it would turn into a grant rather than loan.

That may be way off on what it actually is, but it's what I remembered hearing.
Goodness sakes.

Any business can manipulate numbers to make it appear like it went to employees.
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