paid over $100K to an individual. It has a 2 year term at 1%.

There is a forgiveness provision where you can earn back 8 weeks of payroll, but it excludes ANYTHING for an employee that earns more than 100K. In addition, if you lay off or reduce hours for anyone, the forgiveness gets wiped out entirely pretty quickly.

Lots of people think that this is solely for employers to take the money which only partially pays for employees wages, but it is also to ensure that when we come out of this, we can hire a large portion of the employees currently on our payrolls. Without it, most would go out of business quickly.