Posted 1/10/2021 16:47 (#8740282 - in reply to #8740260) Subject: RE: CFAP3 PPP - 25% decline in revenue rule
EC Nebraska
StxPecans - 1/10/2021 16:39
So if I used the loan to pay fsa cattle payment and lease payments it would be forgivable?
In 2019 I made 250k before deductions and 4k after. So I would qualify for 20k loan?
My banker just had me write a couple checks from the business account to the personal account, and called it "owner draw" Like Shrute Farms says, the rules are pretty lax for sole proprietor.
CFAP3 PPP - 25% decline in revenue rule
