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Non-Cattle Specific Topics
Coffee Shop
PPP loan and schedule F
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<blockquote data-quote="sstterry" data-source="post: 1661344" data-attributes="member: 28912"><p>PPP is the Payroll Protection Loan. It was available in the Spring to make sure small employers could keep people employed. It can be forgiven if you prove you used it to pay your employees ( with no layoffs) during the shutdowns.</p><p></p><p>The intent was to keep the economy moving.</p><p></p><p>Edit: The amount of the loan could be 2.5x your average monthly payroll.</p><p>As it worked out a lot of abuse occurred because of poor management and oversite. The second round has a lot more checks. ect.</p></blockquote><p></p>
[QUOTE="sstterry, post: 1661344, member: 28912"] PPP is the Payroll Protection Loan. It was available in the Spring to make sure small employers could keep people employed. It can be forgiven if you prove you used it to pay your employees ( with no layoffs) during the shutdowns. The intent was to keep the economy moving. Edit: The amount of the loan could be 2.5x your average monthly payroll. As it worked out a lot of abuse occurred because of poor management and oversite. The second round has a lot more checks. ect. [/QUOTE]
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