Posted 1/10/2021 16:31 (#8740244 - in reply to #8740212) Subject: RE: CFAP3 PPP - 25% decline in revenue rule
EC Nebraska
StxPecans - 1/10/2021 16:22
On these loans what is the interest rate and payment schedule?
1% interest. Payment schedule may vary, the idea is that you spend the money on appropriate expenses in the first 8-24 weeks and then apply to have the loan forgiven. In which case the SBA pays off the principle and interest for you and it turns into a grant.
CFAP3 PPP - 25% decline in revenue rule
