Is it true that if you keep your employees employed, then the loan is forgiven?

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Mar 25, 2020
8:40:11am

kolob32 All-American

Is it true that if you keep your employees employed, then the loan is forgiven?

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kolob32

Bio page: kolob32
Joined: Nov 27, 2013
Last login: May 1, 2024
Total posts: 4,614 (53 FO)

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Messages

Author

Time

My understanding about how to go about receiving SBA disaster assistance

boogers

3/25/20 8:35am

Is it true that if you keep your employees employed, then the loan is forgiven?

kolob32

3/25/20 8:40am

I have heard this is a possible requirement. Unsure.

boogers

3/25/20 8:41am

My understanding is that there are categories of expenditures that can be forgiven Payroll being one.

jollaksentie

3/25/20 8:43am

This would be great.

boogers

3/25/20 8:46am

So you keep all your employees employed even though you are semi-closed

run26

3/25/20 8:47am

This is bouncing around the internet. I have not found anything firm on it. It

boogers

3/25/20 8:48am

From Forbes on Monday

jollaksentie

3/25/20 8:51am

so if I have a biz and plan on employing my people past that date, why not get

kolob32

3/25/20 9:41am

That is how it looks to me. I didn't stay in a Holiday Inn Express last night so you may not want to trust my opinion 🙂

jollaksentie

3/25/20 9:47am

You're going to be paying for it he rest of your life, so you probably should

boogers

3/25/20 9:56am

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