Small business loan forgiveness: If I’m reading this correctly my business can get a loan through June 30 to pay for compensation, rent, and utilities or about $1.1 million per month for April, May and June. Doesn’t matter if we need it or not.
Take out a loan for $3 million, pay interest of about $35k and with loan principal forgiven make almost $3 million over the next three months...even if we don’t need it.
Is this a great country or what????
Really? I shut my biz down and can’t reopen until venues start opening back up again. If you find out any more on this can you pm me please? I’ll also see what I can find out. I’ll take that deal!
“Take out a loan for $3 million, pay interest of about $35k and with loan principal forgiven make almost $3 million over the next three months...even if we don’t need it.
Is this a great country or what????”
Certainly said Business needs to document the expenditures, no?