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Money and Finances
Reply to "Paycheck Protection Program - SBA Loans - Forgiveness Question"
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[quote=Anonymous]I'm not sure if this question is in the right forum so Jeff, please feel free to move it. I'm on the board of a non-profit that plans to apply for a loan so I've listened to a bunch of webinars, etc. As I understand it now (and I'm still researching), as long as your keep the same amount of full-time employees between now and 6/30/2020, the loan will be forgiven. Does that mean that a business can still get the full loan amount forgiven if they then discharge employees or reduce salaries on 7/1/2020? I plan to read the statute today but have not seen this question addressed in any FAQ's. Thank you![/quote]
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