SBA form 3508: > Line 10. Payroll Cost 75% Requirement (divide line 1 by 0.75): divide Divide DIVIDE oh !@# do they want 75% of the number, or do they want me to DIVIDE by 0.75? ARGHGHGGHG
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Replying to @MorlockP
I thought you didn't have any employees. Just use 3508S if that's still accurate.
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Replying to @shelmuth85
> A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS. nope
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Replying to @MorlockP
Right, which was also the assumption with no employees and a max $20,833 for sole proprietor. Anyway, I'd wait on the rubber-stamp form (assuming less than $150k) that will be coming in a few days/weeks from the new bill just signed.
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Replying to @shelmuth85
ohhhhh !?!?!? ok, awesome, will hold off ! TY!
1:59 PM - 28 Dec 2020
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