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Northeast Iowa | I'm not sure I do, and the bank wasn't sure yet either.
As the operator on my farm, I had large growth in 2019, and held a lot of that income into 2020. My 2020 income was much higher than 2019.
Due to some other covid-related circumstances, my 2021 income will be lower as that growth has retracted somewhat significantly.
I do however show about 50% less income in Q1 of 2020, compared to Q1 of 2019. Overall, my 2020 income is about 40% higher than 2019.
I'm not even sure if the program is worth it, as someone else stated - I don't really need it now, but my future income is hurt all the same.
Don't want to leave money on the table, don't want to put myself in a loan contract I can't abide by either.
Is the loan even significant? Or would I be looking at pittance that needs to paid back over the next 5 years? | |
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Do I qualify for PPP?
