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Posted On: 05/14/2020 7:29:07 PM
Post# of 32715
You are 100% correct...
"The PPP makes available up to $10 million per qualifying employer of "covered loans." While $10 million is the cap for each loan, most employers will likely end up receiving a smaller loan in the amount of 2.5 times their average monthly payroll (capped at $100,000 per employee)."
Probably would need a lot of employees to get close to the $10M
"The PPP makes available up to $10 million per qualifying employer of "covered loans." While $10 million is the cap for each loan, most employers will likely end up receiving a smaller loan in the amount of 2.5 times their average monthly payroll (capped at $100,000 per employee)."
Probably would need a lot of employees to get close to the $10M
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