It's my understanding that in 8 weeks all you have to do is prove you did payroll for 75% of the amount loaned. In your case, show 90k came out of the account to payroll. The reports that the payroll company does, I'm told, should suffice.
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Sun, Apr 19, 2020 at 12:17 PM <ch...@wbmfg.com> wrote: > Lewis, > Are you taking any special measures to be able to prove you used the loan > proceeds for approved uses? > Kinda hard when they get comingled with other funds in a general checking > account. > I think we put them in a separate savings account. > > *From:* Lewis Bergman > *Sent:* Saturday, April 18, 2020 6:09 PM > *To:* AnimalFarm Microwave Users Group > *Subject:* Re: [AFMUG] OT guvmnt loan > > $10k? How many people do you have? I think I got nearly $500k between all > the companies. > > On Sat, Apr 18, 2020, 7:01 PM <ch...@wbmfg.com> wrote: > >> Got our supposedly to be forgiven $10K loan today. We shall see... >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > ------------------------------ > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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