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Mar 25, 2020
8:47
:08
am
run26
All-American
So you keep all your employees employed even though you are semi-closed
Due to social distancing?
So the SBA will loan you money to employee your people who have nothing to do because the government has shut you down?
Asking for a friend
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run26
Previous username
whoppercougar
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run26
Joined
Aug 23, 2007
Last login
Jan 3, 2022
Total posts
22,369 (337 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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